Analysts’ Recent Ratings Updates for Fox Factory (FOXF)

Fox Factory (NASDAQ: FOXF) recently received a number of ratings updates from brokerages and research firms:

  • 11/23/2018 – Fox Factory was downgraded by analysts at Bank of America Corp from a “buy” rating to a “neutral” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 11/13/2018 – Fox Factory was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 11/8/2018 – Fox Factory was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 11/2/2018 – Fox Factory was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 11/2/2018 – Fox Factory was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $71.00 price target on the stock. According to Zacks, “Fox Factory Holding Corp. is a designer, manufacturer and marketer of suspension products used primarily on mountain bikes, side-by-side vehicles, on-road vehicles, off-road vehicles, all-terrain vehicles, snowmobiles, specialty vehicles and applications and motorcycles. Fox Factory Holding Corp. is headquartered in California. “
  • 11/1/2018 – Fox Factory had its price target raised by analysts at Jefferies Financial Group Inc from $65.00 to $68.00. They now have a “buy” rating on the stock.
  • 10/27/2018 – Fox Factory was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/24/2018 – Fox Factory was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 10/19/2018 – Fox Factory was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/11/2018 – Fox Factory was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Shares of NASDAQ:FOXF traded down $5.07 during trading on Friday, reaching $62.52. The stock had a trading volume of 201,669 shares, compared to its average volume of 370,962. The firm has a market capitalization of $2.57 billion, a PE ratio of 39.32, a P/E/G ratio of 1.78 and a beta of 1.22. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.10 and a quick ratio of 1.19. Fox Factory Holding Corp has a 1-year low of $33.20 and a 1-year high of $76.77.

Fox Factory (NASDAQ:FOXF) last announced its earnings results on Wednesday, October 31st. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.06. Fox Factory had a return on equity of 29.77% and a net margin of 11.43%. The firm had revenue of $175.80 million during the quarter, compared to analysts’ expectations of $173.33 million. During the same period in the prior year, the firm earned $0.46 EPS. The business’s revenue was up 38.0% on a year-over-year basis. As a group, analysts expect that Fox Factory Holding Corp will post 2.2 earnings per share for the current year.

In other Fox Factory news, insider Christopher Tutton sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $64.00, for a total transaction of $128,000.00. Following the completion of the transaction, the insider now owns 35,485 shares of the company’s stock, valued at approximately $2,271,040. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Larry L. Enterline sold 22,401 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $70.14, for a total transaction of $1,571,206.14. Following the transaction, the chief executive officer now directly owns 60,519 shares of the company’s stock, valued at approximately $4,244,802.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 144,806 shares of company stock valued at $9,932,165. 5.60% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in FOXF. BlackRock Inc. raised its holdings in Fox Factory by 10.8% during the second quarter. BlackRock Inc. now owns 5,233,996 shares of the company’s stock worth $243,642,000 after buying an additional 511,948 shares during the last quarter. Copper Rock Capital Partners LLC raised its stake in shares of Fox Factory by 777.3% in the third quarter. Copper Rock Capital Partners LLC now owns 320,783 shares of the company’s stock worth $22,455,000 after purchasing an additional 284,217 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Fox Factory by 43.7% in the second quarter. PNC Financial Services Group Inc. now owns 866,320 shares of the company’s stock worth $40,327,000 after purchasing an additional 263,434 shares during the last quarter. FMR LLC raised its stake in shares of Fox Factory by 40.3% in the second quarter. FMR LLC now owns 811,400 shares of the company’s stock worth $37,771,000 after purchasing an additional 233,100 shares during the last quarter. Finally, WINTON GROUP Ltd raised its stake in shares of Fox Factory by 966.1% in the third quarter. WINTON GROUP Ltd now owns 216,601 shares of the company’s stock worth $15,173,000 after purchasing an additional 196,283 shares during the last quarter. 96.65% of the stock is owned by institutional investors and hedge funds.

Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers front fork and rear suspension products for mountain bikes and road bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles.

Further Reading: Systematic Risk and Investors

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply