Fox Factory (NASDAQ:FOXF) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Thursday.

A number of other equities analysts have also recently issued reports on FOXF. Zacks Investment Research upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Wednesday, January 10th. Robert W. Baird restated a “hold” rating and set a $40.00 price target on shares of Fox Factory in a report on Thursday, September 28th. ValuEngine cut Fox Factory from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Bank of America increased their price target on Fox Factory from $39.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, September 21st. Finally, Stifel Nicolaus restated a “hold” rating on shares of Fox Factory in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $39.00.

Fox Factory (FOXF) traded up $0.60 during trading on Thursday, hitting $39.45. The company’s stock had a trading volume of 160,100 shares, compared to its average volume of 233,644. The company has a market cap of $1,480.00, a PE ratio of 30.35, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. Fox Factory has a 52-week low of $25.25 and a 52-week high of $46.80. 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 (NASDAQ:FOXF) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The firm had revenue of $127.40 million for the quarter, compared to analysts’ expectations of $123.02 million. Fox Factory had a return on equity of 28.25% and a net margin of 10.76%. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 EPS. sell-side analysts expect that Fox Factory will post 1.53 earnings per share for the current fiscal year.

In other news, CFO Zvi Glasman sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $39.72, for a total transaction of $595,800.00. Following the transaction, the chief financial officer now directly owns 64,100 shares of the company’s stock, valued at $2,546,052. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Larry L. Enterline sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $38.08, for a total value of $2,856,000.00. Following the transaction, the chief executive officer now directly owns 124,934 shares in the company, valued at $4,757,486.72. The disclosure for this sale can be found here. Insiders have sold 100,000 shares of company stock worth $3,845,500 over the last ninety days. 21.40% of the stock is owned by insiders.

Several large investors have recently modified their holdings of FOXF. Neuberger Berman Group LLC raised its position in shares of Fox Factory by 187.3% during the third quarter. Neuberger Berman Group LLC now owns 1,144,537 shares of the company’s stock worth $49,330,000 after purchasing an additional 746,191 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in Fox Factory by 11.6% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,613,788 shares of the company’s stock valued at $285,055,000 after buying an additional 686,881 shares during the last quarter. Mawer Investment Management Ltd. purchased a new stake in Fox Factory in the 3rd quarter valued at $24,843,000. BlackRock Inc. raised its position in Fox Factory by 15.2% in the 2nd quarter. BlackRock Inc. now owns 4,059,323 shares of the company’s stock valued at $144,512,000 after buying an additional 536,712 shares during the last quarter. Finally, KAMES CAPITAL plc raised its position in Fox Factory by 80.2% in the 4th quarter. KAMES CAPITAL plc now owns 845,467 shares of the company’s stock valued at $32,804,000 after buying an additional 376,364 shares during the last quarter. 97.78% of the stock is currently owned by institutional investors.

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Fox Factory 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.

Analyst Recommendations for Fox Factory (NASDAQ:FOXF)

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