Somewhat Favorable News Coverage Somewhat Unlikely to Affect Fox Factory (FOXF) Stock Price

Headlines about Fox Factory (NASDAQ:FOXF) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fox Factory earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.3100630168064 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Shares of Fox Factory (NASDAQ:FOXF) traded up $0.60 during trading hours on Friday, hitting $39.45. The stock had a trading volume of 160,144 shares, compared to its average volume of 220,919. Fox Factory has a 52-week low of $25.25 and a 52-week high of $46.80. The company has a market capitalization of $1,458.51, a PE ratio of 30.58, a P/E/G ratio of 1.52 and a beta of 0.62. The company has a quick ratio of 1.41, a current ratio of 2.48 and a debt-to-equity ratio of 0.26.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.02. Fox Factory had a return on equity of 28.25% and a net margin of 10.76%. The firm had revenue of $127.40 million for the quarter, compared to analysts’ expectations of $123.02 million. During the same period last year, the firm earned $0.44 earnings per share. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. research analysts expect that Fox Factory will post 1.53 EPS for the current fiscal year.

A number of research firms recently commented on FOXF. Zacks Investment Research raised Fox Factory from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Wednesday. BidaskClub cut Fox Factory from a “sell” rating to a “strong sell” rating in a research note on Thursday. Robert W. Baird reissued a “hold” rating and issued a $40.00 target price on shares of Fox Factory in a research note on Thursday, September 28th. Bank of America increased their target price on Fox Factory from $39.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, September 21st. Finally, William Blair cut Fox Factory from an “outperform” rating to a “market perform” rating in a research note on Friday, October 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $39.00.

In other news, CFO Zvi Glasman sold 10,000 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $39.37, for a total transaction of $393,700.00. Following the completion of the sale, the chief financial officer now directly owns 160,331 shares in the company, valued at $6,312,231.47. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Larry L. Enterline sold 75,000 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $38.08, for a total transaction of $2,856,000.00. Following the sale, the chief executive officer now owns 124,934 shares of the company’s stock, valued at $4,757,486.72. The disclosure for this sale can be found here. Insiders have sold 100,000 shares of company stock worth $3,845,500 over the last ninety days. Insiders own 21.40% of the company’s stock.

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Fox Factory Company Profile

Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.

Insider Buying and Selling by Quarter for Fox Factory (NASDAQ:FOXF)

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