Fox Factory Holding Corp. (NASDAQ:FOXF) – DA Davidson boosted their FY2017 earnings per share estimates for Fox Factory Holding Corp. in a report released on Thursday. DA Davidson analyst A. Burns now forecasts that the company will post earnings per share of $1.54 for the year, up from their previous estimate of $1.50. DA Davidson also issued estimates for Fox Factory Holding Corp.’s Q4 2017 earnings at $0.33 EPS, Q1 2018 earnings at $0.39 EPS, Q2 2018 earnings at $0.45 EPS, Q3 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.38 EPS, FY2018 earnings at $1.71 EPS and FY2019 earnings at $1.94 EPS.

Fox Factory Holding Corp. (NASDAQ:FOXF) last issued its earnings results on Wednesday, November 1st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.02. The firm had revenue of $127.40 million for the quarter, compared to analyst estimates of $123.02 million. Fox Factory Holding Corp. had a return on equity of 28.25% and a net margin of 10.76%. The business’s revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 earnings per share.

COPYRIGHT VIOLATION WARNING: “FY2017 EPS Estimates for Fox Factory Holding Corp. (FOXF) Increased by Analyst” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/11/08/fy2017-eps-estimates-for-fox-factory-holding-corp-foxf-increased-by-analyst.html.

Other analysts have also issued reports about the company. Bank of America Corporation lowered Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $38.00 target price on the stock. in a research note on Wednesday, July 12th. They noted that the move was a valuation call. Zacks Investment Research lowered Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Robert W. Baird reiterated a “hold” rating and set a $40.00 price objective on shares of Fox Factory Holding Corp. in a research note on Thursday, September 28th. Stifel Nicolaus reiterated a “hold” rating and set a $38.00 price objective (up from $32.00) on shares of Fox Factory Holding Corp. in a research note on Wednesday, August 9th. Finally, William Blair lowered Fox Factory Holding Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, October 13th. Nine research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Fox Factory Holding Corp. currently has a consensus rating of “Hold” and a consensus price target of $39.29.

Shares of Fox Factory Holding Corp. (NASDAQ FOXF) opened at $40.05 on Monday. The stock has a market capitalization of $1,503.56, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 1.89 and a beta of 0.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.48 and a quick ratio of 1.41. Fox Factory Holding Corp. has a one year low of $19.90 and a one year high of $46.80.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. lifted its stake in shares of Fox Factory Holding Corp. by 76.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,076 shares of the company’s stock valued at $110,000 after acquiring an additional 1,332 shares during the last quarter. SG Americas Securities LLC bought a new position in Fox Factory Holding Corp. during the 2nd quarter valued at approximately $111,000. LS Investment Advisors LLC raised its position in Fox Factory Holding Corp. by 7.5% during the 2nd quarter. LS Investment Advisors LLC now owns 3,990 shares of the company’s stock valued at $142,000 after purchasing an additional 279 shares during the last quarter. Paradigm Asset Management Co. LLC bought a new position in Fox Factory Holding Corp. during the 2nd quarter valued at approximately $160,000. Finally, Pinebridge Investments L.P. raised its position in Fox Factory Holding Corp. by 20.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,564 shares of the company’s stock valued at $163,000 after purchasing an additional 778 shares during the last quarter. 96.57% of the stock is owned by institutional investors.

In other news, SVP William H. Katherman sold 2,356 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $36.95, for a total value of $87,054.20. Following the completion of the sale, the senior vice president now owns 32,750 shares of the company’s stock, valued at approximately $1,210,112.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Zvi Glasman sold 15,500 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were 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 directly owns 59,100 shares of the company’s stock, valued at approximately $2,225,115. The disclosure for this sale can be found here. Insiders sold a total of 52,036 shares of company stock valued at $2,040,182 over the last quarter. Company insiders own 21.40% of the company’s stock.

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.

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

Receive News & Stock Ratings for Fox Factory Holding Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fox Factory Holding Corp. and related stocks with our FREE daily email newsletter.