Fox Factory (NASDAQ:FOXF – Get Free Report)’s stock had its “buy” rating reaffirmed by research analysts at B. Riley in a research note issued on Tuesday, Benzinga reports. They currently have a $125.00 target price on the stock. B. Riley’s target price would indicate a potential upside of 27.02% from the company’s previous close.
FOXF has been the subject of a number of other research reports. Bank of America increased their price objective on shares of Fox Factory from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 24th. StockNews.com began coverage on Fox Factory in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Stifel Nicolaus restated a “buy” rating and issued a $130.00 target price on shares of Fox Factory in a report on Monday, September 18th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Fox Factory presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.
Fox Factory Stock Performance
NASDAQ FOXF opened at $98.41 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.08 and a quick ratio of 2.37. The stock’s 50 day simple moving average is $107.42 and its 200-day simple moving average is $106.28. The company has a market cap of $4.17 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 1.84 and a beta of 1.82. Fox Factory has a 1-year low of $73.05 and a 1-year high of $127.54.
Fox Factory (NASDAQ:FOXF – Get Free Report) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.07. The company had revenue of $400.72 million for the quarter, compared to analyst estimates of $401.67 million. Fox Factory had a return on equity of 19.41% and a net margin of 11.45%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.38 EPS. As a group, equities research analysts anticipate that Fox Factory will post 5.03 EPS for the current fiscal year.
Insider Buying and Selling
In other Fox Factory news, insider Paul Stecher sold 2,300 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $107.00, for a total transaction of $246,100.00. Following the completion of the transaction, the insider now owns 16,360 shares of the company’s stock, valued at $1,750,520. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Paul Stecher sold 2,300 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $107.00, for a total value of $246,100.00. Following the transaction, the insider now directly owns 16,360 shares in the company, valued at approximately $1,750,520. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael C. Dennison sold 9,129 shares of Fox Factory stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $114.00, for a total transaction of $1,040,706.00. Following the completion of the sale, the chief executive officer now owns 70,795 shares of the company’s stock, valued at approximately $8,070,630. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.
Institutional Trading of Fox Factory
A number of large investors have recently modified their holdings of FOXF. OLD Mission Capital LLC purchased a new stake in Fox Factory during the 4th quarter worth about $25,000. Covestor Ltd increased its position in shares of Fox Factory by 58.4% in the 1st quarter. Covestor Ltd now owns 358 shares of the company’s stock valued at $35,000 after purchasing an additional 132 shares during the last quarter. BOKF NA acquired a new stake in shares of Fox Factory in the 1st quarter valued at $56,000. Huntington National Bank lifted its position in shares of Fox Factory by 45.7% during the 2nd quarter. Huntington National Bank now owns 523 shares of the company’s stock worth $57,000 after purchasing an additional 164 shares during the last quarter. Finally, Pinebridge Investments L.P. purchased a new position in Fox Factory in the second quarter valued at $63,000.
Fox Factory Company Profile
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers mid-end and high-end front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks.