Wall Street brokerages expect that Fox Factory Holding Corp. (NASDAQ:FOXF) will report sales of $124.07 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Fox Factory Holding Corp.’s earnings. The highest sales estimate is $126.40 million and the lowest is $121.00 million. Fox Factory Holding Corp. reported sales of $109.01 million during the same quarter last year, which indicates a positive year-over-year growth rate of 13.8%. The firm is expected to report its next earnings report on Wednesday, November 1st.

According to Zacks, analysts expect that Fox Factory Holding Corp. will report full-year sales of $124.07 million for the current year, with estimates ranging from $463.60 million to $470.10 million. For the next fiscal year, analysts anticipate that the company will post sales of $505.85 million per share, with estimates ranging from $491.20 million to $513.20 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Fox Factory Holding Corp..

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, topping the Thomson Reuters’ 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 firm had revenue of $120.80 million for the quarter, compared to the consensus estimate of $117.16 million. During the same period in the prior year, the business posted $0.32 earnings per share. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year.

A number of research analysts have recently weighed in on FOXF shares. DA Davidson downgraded Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $34.00 price target on the stock. in a report on Wednesday, May 17th. CL King downgraded Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, June 1st. ValuEngine upgraded Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub upgraded Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 29th. Finally, Zacks Investment Research downgraded Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Five equities research 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 company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $35.67.

Fox Factory Holding Corp. (NASDAQ:FOXF) opened at 40.75 on Wednesday. Fox Factory Holding Corp. has a 52-week low of $19.65 and a 52-week high of $40.75. The company’s 50-day moving average price is $38.46 and its 200 day moving average price is $32.97. The stock has a market capitalization of $1.53 billion, a P/E ratio of 32.60 and a beta of 0.68.

In other Fox Factory Holding Corp. news, CFO Zvi Glasman sold 15,500 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $37.65, for a total value of $583,575.00. Following the completion of the sale, the chief financial officer now owns 59,100 shares of the company’s stock, valued at $2,225,115. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Carl Nichols sold 6,503 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $37.89, for a total value of $246,398.67. Following the completion of the sale, the director now directly owns 36,410 shares of the company’s stock, valued at approximately $1,379,574.90. The disclosure for this sale can be found here. Insiders sold 52,159 shares of company stock valued at $1,985,742 in the last ninety days. Insiders own 21.40% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Fox Factory Holding Corp. by 7.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,926,907 shares of the company’s stock worth $210,998,000 after buying an additional 404,704 shares during the last quarter. BlackRock Inc. lifted its position in shares of Fox Factory Holding Corp. by 15.2% during the 2nd quarter. BlackRock Inc. now owns 4,059,323 shares of the company’s stock worth $144,512,000 after purchasing an additional 536,712 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Fox Factory Holding Corp. by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,808,368 shares of the company’s stock worth $64,377,000 after purchasing an additional 129,129 shares during the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of Fox Factory Holding Corp. by 6.3% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,577,516 shares of the company’s stock worth $56,160,000 after purchasing an additional 93,655 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK lifted its position in shares of Fox Factory Holding Corp. by 17.0% during the 1st quarter. Aberdeen Asset Management PLC UK now owns 1,397,730 shares of the company’s stock worth $40,114,000 after purchasing an additional 203,425 shares during the last quarter. 97.03% of the stock is owned by institutional investors.

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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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Earnings History and Estimates for Fox Factory Holding Corp. (NASDAQ:FOXF)

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