Zacks Investment Research upgraded shares of Fox Factory Holding Corp. (NASDAQ:FOXF) from a hold rating to a buy rating in a research note published on Thursday. They currently have $44.00 price objective on the stock.

According to Zacks, “Fox Factory Holding Corp. is a designer, manufacturer and marketer of suspension products used primarily on mountain bikes, side-by-side vehicles, on-road vehicles, off-road vehicles, all-terrain vehicles, snowmobiles, specialty vehicles and applications and motorcycles. Fox Factory Holding Corp. is headquartered in California. “

Several other equities research analysts have also recently commented on the company. DA Davidson reaffirmed a hold rating and set a $34.00 target price on shares of Fox Factory Holding Corp. in a research note on Friday, June 30th. BidaskClub raised Fox Factory Holding Corp. from a buy rating to a strong-buy rating in a research note on Thursday, June 29th. ValuEngine raised Fox Factory Holding Corp. from a hold rating to a buy rating in a research note on Friday, June 2nd. CL King cut Fox Factory Holding Corp. from a buy rating to a neutral rating in a research note on Thursday, June 1st. Finally, Bank of America Corporation cut Fox Factory Holding Corp. from a buy rating to a neutral rating and set a $38.00 target price for the company. in a research note on Wednesday, July 12th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $35.67.

Fox Factory Holding Corp. (NASDAQ FOXF) traded down 0.64% during trading on Thursday, hitting $38.95. The stock had a trading volume of 245,888 shares. The stock has a 50 day moving average of $38.40 and a 200 day moving average of $32.81. The firm has a market capitalization of $1.46 billion, a P/E ratio of 31.16 and a beta of 0.68. Fox Factory Holding Corp. has a one year low of $19.65 and a one year high of $40.50.

Fox Factory Holding Corp. (NASDAQ:FOXF) last released its earnings results on Thursday, August 3rd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. Fox Factory Holding Corp. had a return on equity of 29.60% and a net margin of 10.67%. The business had revenue of $120.80 million during the quarter, compared to analysts’ expectations of $117.16 million. During the same quarter last year, the firm posted $0.32 earnings per share. The firm’s revenue was up 18.1% on a year-over-year basis. Equities research analysts expect that Fox Factory Holding Corp. will post $1.50 earnings per share for the current fiscal year.

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In other Fox Factory Holding Corp. news, insider Wesley E. Allinger sold 17,418 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $32.88, for a total value of $572,703.84. Following the transaction, the insider now owns 29,419 shares in the company, valued at $967,296.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Zvi Glasman sold 7,850 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $37.81, for a total value of $296,808.50. Following the completion of the transaction, the chief financial officer now owns 59,100 shares in the company, valued at approximately $2,234,571. The disclosure for this sale can be found here. Insiders have sold 69,577 shares of company stock valued at $2,558,446 in the last ninety days. 21.40% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the business. Navellier & Associates Inc bought a new position in Fox Factory Holding Corp. in the second quarter worth approximately $718,000. Piedmont Investment Advisors LLC bought a new position in Fox Factory Holding Corp. in the second quarter worth approximately $267,000. Ameritas Investment Partners Inc. boosted its holdings in Fox Factory Holding Corp. by 76.4% in the second quarter. Ameritas Investment Partners Inc. now owns 3,076 shares of the company’s stock worth $110,000 after acquiring an additional 1,332 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Fox Factory Holding Corp. by 41.1% in the second quarter. California State Teachers Retirement System now owns 62,124 shares of the company’s stock worth $2,212,000 after acquiring an additional 18,100 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Fox Factory Holding Corp. by 54.3% in the second quarter. The Manufacturers Life Insurance Company now owns 27,622 shares of the company’s stock worth $984,000 after acquiring an additional 9,721 shares in the last quarter. Institutional investors and hedge funds own 97.03% of the company’s stock.

Fox Factory Holding Corp. Company Profile

Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including 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.

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

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