Fox Factory Holding Corp. (NASDAQ:FOXF – Get Free Report)’s stock price rose 7% during trading on Thursday. The company traded as high as $18.09 and last traded at $18.6950. 22,271 shares traded hands during trading, a decline of 96% from the average session volume of 588,562 shares. The stock had previously closed at $17.48.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on FOXF. Weiss Ratings raised shares of Fox Factory from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 6th. Stifel Nicolaus set a $25.00 price target on shares of Fox Factory in a research report on Wednesday, September 30th. Zacks Research upgraded shares of Fox Factory from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 31st. Bank of America cut shares of Fox Factory from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $24.00 to $20.00 in a research note on Tuesday, June 30th. Finally, Fox Advisors set a $20.00 price objective on Fox Factory in a report on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Fox Factory currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.25.
Check Out Our Latest Stock Report on Fox Factory
Fox Factory Stock Up 5.5%
Fox Factory (NASDAQ:FOXF – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.19. The firm had revenue of $358.12 million for the quarter, compared to analysts’ expectations of $352.94 million. Fox Factory had a negative net margin of 20.39% and a positive return on equity of 5.57%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 earnings per share. As a group, equities research analysts predict that Fox Factory Holding Corp. will post 1.60 earnings per share for the current year.
Institutional Investors Weigh In On Fox Factory
A number of large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new stake in Fox Factory during the 2nd quarter valued at $41,000. Quantbot Technologies LP bought a new position in Fox Factory in the 2nd quarter valued at $48,000. Versant Capital Management Inc raised its position in Fox Factory by 49.8% in the 3rd 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 raised its position in Fox Factory by 62.1% in 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 during the last quarter. Finally, OP Asset Management Ltd acquired a new position in Fox Factory in the first quarter worth $91,000.
About Fox Factory
Fox Factory Holding Corp. designs, engineers, manufactures and markets performance products for the cycling, powersports and outdoor recreation markets. The company serves consumers, professional athletes and original equipment manufacturers through a portfolio of specialized brands and technologies.
Its products include bicycle suspension systems, forks, shocks, dropper posts, drivetrain and component products, protective equipment, apparel and related accessories. In powersports, Fox Factory offers suspension systems and performance components for motorcycles, off-road vehicles, snowmobiles and other recreational vehicles.
Fox Factory’s principal brands have included FOX, FOX Racing, Marzocchi, Race Face, Easton Cycling and Ride Concepts.
Featured Articles
- Five stocks we like better than Fox Factory
- Synopsys Signals Confidence With $1B Accelerated Buyback, Analysts Raise Targets
- Domino’s Pizza: As Cheap As It Gets, Nowhere to Go But Up
- Apple Cut iPhone 18 Orders; What Does It Mean For Suppliers?
- Failed Breakout in Tech? 3 Sectors Leading the Market Rotation
Receive News & Ratings for Fox Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fox Factory and related companies with MarketBeat.com's FREE daily email newsletter.
