Somewhat Positive News Coverage Somewhat Unlikely to Impact Fox Factory Holding Corp. (FOXF) Stock Price
Media coverage about Fox Factory Holding Corp. (NASDAQ:FOXF) has been trending somewhat positive on Monday, Accern reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fox Factory Holding Corp. earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.6655696995731 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
FOXF has been the subject of a number of recent analyst reports. DA Davidson cut Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $34.00 target price for the company. in a research report on Wednesday, May 17th. CL King cut Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a research report on Thursday, June 1st. ValuEngine raised Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub raised Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 29th. Finally, Zacks Investment Research cut Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Fox Factory Holding Corp. presently has a consensus rating of “Buy” and a consensus price target of $35.67.
Fox Factory Holding Corp. (NASDAQ:FOXF) traded up 2.375% during midday trading on Monday, hitting $39.875. The stock had a trading volume of 122,927 shares. Fox Factory Holding Corp. has a 1-year low of $19.65 and a 1-year high of $40.50. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 31.900 and a beta of 0.68. The firm has a 50-day moving average price of $38.42 and a 200-day moving average price of $32.88.
Fox Factory Holding Corp. (NASDAQ:FOXF) last released its earnings results on Thursday, August 3rd. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $120.80 million during the quarter, compared to the consensus estimate of $117.16 million. During the same period in the prior year, the company posted $0.32 EPS. The company’s revenue was up 18.1% compared to the same quarter last year. On average, equities research analysts anticipate that Fox Factory Holding Corp. will post $1.50 earnings per share for the current year.
In other news, CFO Zvi Glasman sold 7,850 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $37.81, for a total transaction of $296,808.50. Following the completion of the transaction, the chief financial officer now owns 59,100 shares of the company’s stock, valued at approximately $2,234,571. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP William H. Katherman sold 2,356 shares of the business’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $36.95, for a total value of $87,054.20. Following the transaction, the senior vice president now directly owns 32,750 shares of the company’s stock, valued at approximately $1,210,112.50. The disclosure for this sale can be found here. Insiders have sold a total of 52,159 shares of company stock valued at $1,985,742 in the last three months. 21.40% of the stock is owned by insiders.
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About Fox Factory Holding Corp.
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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