BidaskClub downgraded shares of Fox Factory (NASDAQ:FOXF) from a buy rating to a hold rating in a research report released on Tuesday, BidAskClub reports.

Several other research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Fox Factory from a hold rating to a buy rating and set a $84.00 target price on the stock in a research report on Friday, May 3rd. SunTrust Banks raised their price target on shares of Fox Factory to $70.00 and gave the stock a hold rating in a report on Thursday, May 2nd. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $66.57.

Fox Factory stock opened at $72.10 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.29 and a current ratio of 2.39. Fox Factory has a 1 year low of $42.05 and a 1 year high of $79.46. The stock has a market capitalization of $2.73 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 1.68 and a beta of 1.24.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.07. The firm had revenue of $161.70 million for the quarter, compared to the consensus estimate of $156.30 million. Fox Factory had a net margin of 12.43% and a return on equity of 30.57%. Fox Factory’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period last year, the firm posted $0.36 EPS. On average, research analysts expect that Fox Factory will post 2.6 earnings per share for the current year.

In other news, CFO Zvi Glasman sold 5,000 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $77.50, for a total value of $387,500.00. Following the completion of the sale, the chief financial officer now directly owns 20,284 shares of the company’s stock, valued at approximately $1,572,010. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Larry L. Enterline sold 100,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $67.41, for a total value of $6,741,000.00. Following the sale, the chief executive officer now directly owns 5,652 shares of the company’s stock, valued at $381,001.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 126,645 shares of company stock worth $8,684,177. Corporate insiders own 2.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC purchased a new position in Fox Factory in the 1st quarter valued at about $31,000. Cresset Asset Management LLC acquired a new stake in shares of Fox Factory during the 1st quarter worth approximately $32,000. Huntington National Bank acquired a new stake in Fox Factory in the 1st quarter valued at approximately $33,000. Bronfman E.L. Rothschild L.P. increased its holdings in Fox Factory by 751.3% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 647 shares of the company’s stock valued at $38,000 after purchasing an additional 571 shares during the last quarter. Finally, Private Capital Group LLC increased its holdings in Fox Factory by 78.0% in the 1st quarter. Private Capital Group LLC now owns 557 shares of the company’s stock valued at $39,000 after purchasing an additional 244 shares during the last quarter. 98.65% of the stock is owned by institutional investors.

About Fox Factory

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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Analyst Recommendations for Fox Factory (NASDAQ:FOXF)

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