Equities analysts predict that Fox Factory Holding Corp (NASDAQ:FOXF) will post sales of $206.77 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Fox Factory’s earnings. The highest sales estimate is $208.00 million and the lowest is $206.00 million. Fox Factory posted sales of $175.80 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 17.6%. The firm is expected to issue its next earnings report on Wednesday, October 30th.
According to Zacks, analysts expect that Fox Factory will report full-year sales of $740.87 million for the current financial year, with estimates ranging from $736.00 million to $743.00 million. For the next year, analysts forecast that the firm will report sales of $815.57 million, with estimates ranging from $800.00 million to $830.96 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Fox Factory.
Fox Factory (NASDAQ:FOXF) last released its earnings results on Wednesday, July 31st. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.02. The business had revenue of $192.10 million during the quarter, compared to the consensus estimate of $187.96 million. Fox Factory had a return on equity of 29.77% and a net margin of 12.45%. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period last year, the company earned $0.56 earnings per share.
A number of equities research analysts recently commented on FOXF shares. Zacks Investment Research upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Friday, August 2nd. Stifel Nicolaus upped their target price on Fox Factory from $72.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. BidaskClub downgraded Fox Factory from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Bank of America reaffirmed a “neutral” rating and set a $86.00 target price (up from $78.00) on shares of Fox Factory in a research note on Thursday, August 1st. Finally, SunTrust Banks upped their target price on Fox Factory to $70.00 and gave the stock a “hold” rating in a research note on Thursday, May 2nd. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $75.83.
In other news, insider Christopher Tutton sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $74.61, for a total transaction of $373,050.00. Following the completion of the transaction, the insider now directly owns 28,065 shares of the company’s stock, valued at approximately $2,093,929.65. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 16,681 shares of company stock valued at $1,311,599. Corporate insiders own 2.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. New York State Teachers Retirement System grew its holdings in Fox Factory by 0.8% in the 1st quarter. New York State Teachers Retirement System now owns 58,258 shares of the company’s stock valued at $4,072,000 after buying an additional 481 shares in the last quarter. Norges Bank acquired a new stake in shares of Fox Factory during the 4th quarter worth about $19,815,000. Toth Financial Advisory Corp acquired a new stake in shares of Fox Factory during the 2nd quarter worth about $302,000. State of Alaska Department of Revenue raised its position in shares of Fox Factory by 1.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 12,991 shares of the company’s stock worth $1,071,000 after acquiring an additional 188 shares in the last quarter. Finally, Lisanti Capital Growth LLC raised its position in shares of Fox Factory by 7.7% during the 2nd quarter. Lisanti Capital Growth LLC now owns 87,595 shares of the company’s stock worth $7,227,000 after acquiring an additional 6,290 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.
NASDAQ FOXF traded down $2.85 during trading hours on Friday, reaching $73.31. The stock had a trading volume of 161,378 shares, compared to its average volume of 227,355. The stock has a fifty day moving average of $78.94 and a 200 day moving average of $72.93. The stock has a market cap of $2.88 billion, a P/E ratio of 33.02, a price-to-earnings-growth ratio of 1.73 and a beta of 1.30. Fox Factory has a 52-week low of $49.97 and a 52-week high of $86.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.45 and a current ratio of 2.73.
Fox Factory Company Profile
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.
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