Fox Factory Target of Unusually Large Options Trading (NASDAQ:FOXF)

Fox Factory Holding Corp (NASDAQ:FOXF) saw unusually large options trading activity on Monday. Stock traders acquired 800 call options on the stock. This is an increase of approximately 1,279% compared to the average daily volume of 58 call options.

A number of equities research analysts recently weighed in on FOXF shares. BidaskClub downgraded shares of Fox Factory from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 19th. Bank of America raised shares of Fox Factory from a “neutral” rating to a “buy” rating and boosted their target price for the company from $68.00 to $90.00 in a research note on Friday, May 29th. CJS Securities lowered shares of Fox Factory from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 16th. TheStreet downgraded shares of Fox Factory from a “b-” rating to a “c+” rating in a report on Wednesday, April 1st. Finally, Berenberg Bank downgraded shares of Fox Factory from a “buy” rating to a “hold” rating in a report on Tuesday, May 19th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $76.20.

In other news, insider Wesley E. Allinger sold 6,265 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $71.61, for a total value of $448,636.65. Following the completion of the sale, the insider now owns 42,169 shares of the company’s stock, valued at approximately $3,019,722.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. raised its stake in shares of Fox Factory by 254.4% in the 4th quarter. Advisors Asset Management Inc. now owns 443 shares of the company’s stock valued at $31,000 after buying an additional 318 shares in the last quarter. NumerixS Investment Technologies Inc raised its stake in shares of Fox Factory by 28.6% in the 4th quarter. NumerixS Investment Technologies Inc now owns 900 shares of the company’s stock valued at $63,000 after buying an additional 200 shares in the last quarter. Strs Ohio raised its stake in shares of Fox Factory by 68.8% in the 1st quarter. Strs Ohio now owns 2,700 shares of the company’s stock valued at $113,000 after buying an additional 1,100 shares in the last quarter. C M Bidwell & Associates Ltd. raised its stake in shares of Fox Factory by 115.3% in the 1st quarter. C M Bidwell & Associates Ltd. now owns 2,708 shares of the company’s stock valued at $114,000 after buying an additional 1,450 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Fox Factory in the 1st quarter valued at $129,000.

NASDAQ FOXF opened at $79.54 on Tuesday. The company has a current ratio of 2.84, a quick ratio of 1.71 and a debt-to-equity ratio of 1.09. The company has a fifty day simple moving average of $73.85 and a 200 day simple moving average of $63.28. The company has a market cap of $3.29 billion, a P/E ratio of 37.34, a P/E/G ratio of 2.75 and a beta of 1.76. Fox Factory has a 1 year low of $34.58 and a 1 year high of $91.84.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Fox Factory had a net margin of 10.75% and a return on equity of 26.03%. The company had revenue of $184.40 million during the quarter, compared to the consensus estimate of $180.72 million. During the same period last year, the company earned $0.55 earnings per share. Fox Factory’s revenue for the quarter was up 14.0% on a year-over-year basis. Equities research analysts forecast that Fox Factory will post 2.03 EPS for the current fiscal year.

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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