Brokerages expect Fox Factory Holding Corp (NASDAQ:FOXF) to announce earnings per share of $0.33 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Fox Factory’s earnings. The highest EPS estimate is $0.34 and the lowest is $0.32. Fox Factory reported earnings of $0.32 per share in the same quarter last year, which would suggest a positive year over year growth rate of 3.1%. The firm is scheduled to report its next quarterly earnings results after the market closes on Tuesday, February 27th.
On average, analysts expect that Fox Factory will report full year earnings of $1.53 per share for the current year, with EPS estimates ranging from $1.52 to $1.54. For the next financial year, analysts anticipate that the business will post earnings of $1.74 per share, with EPS estimates ranging from $1.67 to $1.78. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that cover Fox Factory.
Several equities analysts have recently issued reports on the company. BidaskClub upgraded Fox Factory from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. Zacks Investment Research downgraded Fox Factory from a “buy” rating to a “hold” rating and set a $45.00 price objective for the company. in a research report on Thursday, January 18th. ValuEngine downgraded Fox Factory from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Stifel Nicolaus reiterated a “hold” rating on shares of Fox Factory in a research report on Wednesday, November 1st. Finally, DA Davidson upgraded Fox Factory from a “neutral” rating to a “buy” rating in a research report on Thursday, February 8th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $39.43.
Fox Factory (FOXF) opened at $38.65 on Tuesday. The company has a current ratio of 2.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1,451.00, a P/E ratio of 29.96, a PEG ratio of 1.52 and a beta of 0.56. Fox Factory has a 52-week low of $25.74 and a 52-week high of $46.80.
In related news, CFO Zvi Glasman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $39.72, for a total transaction of $595,800.00. Following the sale, the chief financial officer now owns 64,100 shares of the company’s stock, valued at $2,546,052. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Larry L. Enterline sold 75,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $38.08, for a total value of $2,856,000.00. Following the sale, the chief executive officer now directly owns 124,934 shares in the company, valued at approximately $4,757,486.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,000 shares of company stock worth $3,845,500. 21.40% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. raised its holdings in Fox Factory by 76.4% during the second quarter. Ameritas Investment Partners Inc. now owns 3,076 shares of the company’s stock worth $110,000 after purchasing an additional 1,332 shares in the last quarter. New York State Teachers Retirement System raised its holdings in Fox Factory by 7.8% during the third quarter. New York State Teachers Retirement System now owns 19,374 shares of the company’s stock worth $835,000 after purchasing an additional 1,400 shares in the last quarter. Swiss National Bank raised its holdings in Fox Factory by 3.0% during the third quarter. Swiss National Bank now owns 59,200 shares of the company’s stock worth $2,552,000 after purchasing an additional 1,700 shares in the last quarter. First Mercantile Trust Co. raised its holdings in Fox Factory by 13.4% during the fourth quarter. First Mercantile Trust Co. now owns 15,232 shares of the company’s stock worth $592,000 after purchasing an additional 1,804 shares in the last quarter. Finally, American International Group Inc. increased its holdings in shares of Fox Factory by 7.1% in the third quarter. American International Group Inc. now owns 28,042 shares of the company’s stock valued at $1,209,000 after buying an additional 1,850 shares in the last quarter. 98.07% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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