Key Points
- Insider Toby Merchant sold 1,375 Fox Factory shares for $25,341.25, reducing his position by 2.38% to 56,384 shares.
- Fox Factory reported quarterly EPS of $0.54, beating the $0.32 consensus estimate, and revenue of $338.41 million, slightly above expectations. Revenue was down 10.1% year over year.
- Analysts’ average rating is Hold, with a consensus price target of $19.60; shares traded at $17.45 in the report.
Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) insider Toby Merchant sold 1,375 shares of the company's stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $18.43, for a total value of $25,341.25. Following the completion of the sale, the insider directly owned 56,384 shares of the company's stock, valued at $1,039,157.12. The trade was a 2.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Fox Factory Stock Up 0.8%
Shares of NASDAQ FOXF traded up $0.13 on Friday, hitting $17.45. The company had a trading volume of 467,150 shares, compared to its average volume of 1,508,016. The company has a quick ratio of 1.37, a current ratio of 2.82 and a debt-to-equity ratio of 0.66. Fox Factory Holding Corp. has a 12-month low of $13.08 and a 12-month high of $22.09. The firm has a market capitalization of $733.42 million, a P/E ratio of -1.79, a PEG ratio of 1.05 and a beta of 1.39. The business has a 50 day moving average of $17.83 and a two-hundred day moving average of $18.06.
Fox Factory (NASDAQ:FOXF - Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.32 by $0.22. The business had revenue of $338.41 million for the quarter, compared to the consensus estimate of $337.56 million. Fox Factory had a positive return on equity of 8.43% and a negative net margin of 28.58%. The company's revenue was down 10.1% on a year-over-year basis. During the same period last year, the business posted $0.23 EPS. As a group, equities research analysts forecast that Fox Factory Holding Corp. will post 1.12 earnings per share for the current fiscal year.
Institutional Trading of Fox Factory
A number of hedge funds and other institutional investors have recently modified their holdings of FOXF. Public Employees Retirement System of Ohio acquired a new position in shares of Fox Factory in the second quarter worth about $41,000. Quantbot Technologies LP purchased a new position in Fox Factory in the second quarter valued at about $48,000. Versant Capital Management Inc boosted its holdings in Fox Factory by 49.8% in the third quarter. Versant Capital Management Inc now owns 3,054 shares of the company's stock valued at $56,000 after purchasing an additional 1,015 shares during the last quarter. GAMMA Investing LLC grew its stake in Fox Factory by 62.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,802 shares of the company's stock valued at $70,000 after purchasing an additional 1,456 shares in the last quarter. Finally, Byrne Asset Management LLC acquired a new stake in Fox Factory during the 3rd quarter valued at approximately $156,000.
Analyst Upgrades and Downgrades
FOXF has been the subject of several recent research reports. Roth Capital reaffirmed a "neutral" rating and issued a $17.00 price objective on shares of Fox Factory in a research report on Monday, October 19th. Weiss Ratings raised shares of Fox Factory from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, October 6th. Zacks Research cut shares of Fox Factory from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 20th. B. Riley Financial decreased their target price on shares of Fox Factory from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, October 19th. Finally, Stifel Nicolaus set a $25.00 price target on shares of Fox Factory in a report on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $19.60.
Read Our Latest Research Report on FOXF
About Fox Factory
(
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Fox Factory Holding Corp. designs, engineers and manufactures ride-dynamics and performance products for vehicles and outdoor recreation. Its offerings include suspension systems and components used in mountain bikes, motorcycles, off-road vehicles, trucks and other applications. The company sells products under brands including FOX, Marzocchi, Race Face and Easton. Its portfolio serves original equipment manufacturers as well as aftermarket customers, with products distributed in markets around the world.
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