Jefferies Group set a $26.00 price target on Fox Factory Holding Corp. (NASDAQ:FOXF) in a research note published on Thursday morning. The brokerage currently has a a buy rating on the stock.

A number of other research firms also recently weighed in on FOXF. Zacks Investment Research downgraded Fox Factory Holding Corp. from a buy rating to a hold rating in a research note on Tuesday, October 4th. Piper Jaffray Cos. reissued an overweight rating and issued a $23.00 price target (up previously from $21.00) on shares of Fox Factory Holding Corp. in a research note on Thursday, August 4th. SunTrust Banks Inc. increased their price target on Fox Factory Holding Corp. from $22.00 to $24.00 and gave the company a buy rating in a research note on Thursday, August 4th. Finally, DA Davidson increased their price target on Fox Factory Holding Corp. from $22.00 to $23.00 and gave the company a buy rating in a research note on Thursday, August 4th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $23.60.

Analyst Recommendations for Fox Factory Holding Corp. (NASDAQ:FOXF)

Fox Factory Holding Corp. (NASDAQ:FOXF) traded down 0.2008% during mid-day trading on Thursday, hitting $22.1654. The stock had a trading volume of 51,542 shares. The stock has a 50 day moving average of $21.56 and a 200-day moving average of $18.49. The firm has a market cap of $812.38 million, a P/E ratio of 28.4172 and a beta of 0.55. Fox Factory Holding Corp. has a 1-year low of $13.85 and a 1-year high of $23.52.

Fox Factory Holding Corp. (NASDAQ:FOXF) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.04. The firm had revenue of $102.30 million for the quarter, compared to the consensus estimate of $98.53 million. Fox Factory Holding Corp. had a return on equity of 27.62% and a net margin of 7.70%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 EPS. Analysts predict that Fox Factory Holding Corp. will post $1.15 EPS for the current fiscal year.

In other news, CFO Zvi Glasman sold 30,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $20.12, for a total value of $603,600.00. Following the completion of the transaction, the chief financial officer now owns 62,021 shares in the company, valued at approximately $1,247,862.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 46.20% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position in shares of Fox Factory Holding Corp. by 16.7% in the second quarter. Bank of New York Mellon Corp now owns 87,447 shares of the company’s stock valued at $1,519,000 after buying an additional 12,507 shares during the last quarter. Cooke & Bieler LP increased its stake in shares of Fox Factory Holding Corp. by 0.6% in the second quarter. Cooke & Bieler LP now owns 851,841 shares of the company’s stock valued at $14,796,000 after buying an additional 5,480 shares during the period. GW&K Investment Management LLC increased its stake in shares of Fox Factory Holding Corp. by 14.1% in the second quarter. GW&K Investment Management LLC now owns 168,234 shares of the company’s stock valued at $2,922,000 after buying an additional 20,734 shares during the period. Stoneridge Investment Partners LLC purchased a new stake in shares of Fox Factory Holding Corp. during the second quarter valued at about $499,000. Finally, Bank of Montreal Can purchased a new stake in shares of Fox Factory Holding Corp. during the second quarter valued at about $147,000. Institutional investors own 57.23% of the company’s stock.

About Fox Factory Holding Corp.

Fox Factory Holding Corp. designs, engineers, manufactures and markets performance ride dynamics products for customers across the world. The Company’s brand ride dynamics products are used primarily on bicycles (bikes), side-by-side vehicles (Side-by-Sides), on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.

5 Day Chart for NASDAQ:FOXF

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