Fox Factory Holding Corp (NASDAQ:FOXF) – Research analysts at SunTrust Banks issued their Q4 2019 earnings per share (EPS) estimates for Fox Factory in a report issued on Wednesday, October 31st. SunTrust Banks analyst M. Swartz anticipates that the company will post earnings of $0.61 per share for the quarter.
Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Wednesday, October 31st. The company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.06. The business had revenue of $175.80 million during the quarter, compared to the consensus estimate of $173.33 million. Fox Factory had a return on equity of 29.77% and a net margin of 11.43%. Fox Factory’s quarterly revenue was up 38.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share.
A number of other analysts also recently weighed in on the company. Stifel Nicolaus increased their price objective on Fox Factory from $55.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, September 18th. Robert W. Baird increased their price objective on Fox Factory from $58.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, September 14th. BidaskClub downgraded Fox Factory from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 11th. Bank of America increased their price objective on Fox Factory from $53.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Finally, Jefferies Financial Group initiated coverage on Fox Factory in a report on Monday, July 16th. They issued a “buy” rating and a $63.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Fox Factory has a consensus rating of “Buy” and an average target price of $63.83.
NASDAQ FOXF opened at $67.35 on Monday. The firm has a market capitalization of $2.43 billion, a P/E ratio of 42.36, a P/E/G ratio of 1.69 and a beta of 1.22. Fox Factory has a twelve month low of $33.20 and a twelve month high of $73.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.10 and a quick ratio of 1.19.
In other Fox Factory news, insider Christopher Tutton sold 3,000 shares of the company’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $63.79, for a total transaction of $191,370.00. Following the sale, the insider now owns 39,485 shares of the company’s stock, valued at $2,518,748.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Larry L. Enterline sold 22,401 shares of the company’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $70.14, for a total transaction of $1,571,206.14. Following the sale, the chief executive officer now directly owns 60,519 shares in the company, valued at approximately $4,244,802.66. The disclosure for this sale can be found here. Insiders have sold 175,216 shares of company stock worth $11,906,170 in the last ninety days. Insiders own 5.60% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Lisanti Capital Growth LLC bought a new stake in Fox Factory during the third quarter valued at $2,550,000. Brookstone Capital Management bought a new stake in Fox Factory during the third quarter valued at $333,000. WINTON GROUP Ltd boosted its position in Fox Factory by 966.1% during the third quarter. WINTON GROUP Ltd now owns 216,601 shares of the company’s stock valued at $15,173,000 after acquiring an additional 196,283 shares during the last quarter. Wells Fargo & Company MN boosted its position in Fox Factory by 17.4% during the third quarter. Wells Fargo & Company MN now owns 576,052 shares of the company’s stock valued at $40,353,000 after acquiring an additional 85,388 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in Fox Factory during the third quarter valued at $1,457,000. 97.60% of the stock is currently owned by institutional investors and hedge funds.
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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