Fox Factory (NASDAQ:FOXF) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

A number of other analysts have also recently issued reports on the company. DA Davidson upgraded Fox Factory from a “neutral” rating to a “buy” rating in a research report on Thursday, February 8th. Zacks Investment Research cut Fox Factory from a “buy” rating to a “hold” rating and set a $45.00 price objective on the stock. in a research report on Thursday, January 18th. Stifel Nicolaus restated a “hold” rating and set a $44.00 price objective on shares of Fox Factory in a research report on Sunday, December 3rd. ValuEngine cut Fox Factory from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Bank of America boosted their price objective on Fox Factory from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, October 24th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $39.43.

Shares of Fox Factory (NASDAQ FOXF) opened at $39.80 on Tuesday. The stock has a market capitalization of $1,471.65, a P/E ratio of 30.85, a PEG ratio of 1.54 and a beta of 0.56. The company has a current ratio of 2.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.26. Fox Factory has a 1 year low of $25.74 and a 1 year high of $46.80.

In related news, CFO Zvi Glasman sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $39.37, for a total value of $393,700.00. Following the sale, the chief financial officer now owns 160,331 shares of the company’s stock, valued at approximately $6,312,231.47. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Larry L. Enterline sold 75,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $38.08, for a total value of $2,856,000.00. Following the completion of the sale, the chief executive officer now directly owns 124,934 shares in the company, valued at approximately $4,757,486.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,000 shares of company stock worth $3,845,500. 21.40% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Millennium Management LLC boosted its stake in Fox Factory by 575.8% in the 4th quarter. Millennium Management LLC now owns 53,375 shares of the company’s stock valued at $2,074,000 after buying an additional 45,477 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Fox Factory by 8.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 128,141 shares of the company’s stock valued at $4,978,000 after buying an additional 9,636 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in Fox Factory in the 4th quarter valued at $454,000. Guggenheim Capital LLC boosted its stake in Fox Factory by 9.9% in the 4th quarter. Guggenheim Capital LLC now owns 70,132 shares of the company’s stock valued at $2,724,000 after buying an additional 6,315 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Fox Factory by 53.5% in the 4th quarter. Deutsche Bank AG now owns 398,545 shares of the company’s stock valued at $15,482,000 after buying an additional 138,981 shares in the last quarter. 97.98% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.thecerbatgem.com/2018/02/15/fox-factory-foxf-upgraded-to-hold-by-bidaskclub.html.

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)

Receive News & Ratings for Fox Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fox Factory and related companies with MarketBeat.com's FREE daily email newsletter.