Headlines about Fox Factory (NASDAQ:FOXF) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fox Factory earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.1910735341617 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several brokerages have issued reports on FOXF. BidaskClub upgraded Fox Factory from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. Zacks Investment Research upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Wednesday, April 4th. DA Davidson restated a “buy” rating on shares of Fox Factory in a research note on Monday, May 7th. ValuEngine upgraded Fox Factory from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Bank of America upgraded Fox Factory from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Tuesday, May 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $39.50.
Fox Factory stock opened at $39.00 on Friday. Fox Factory has a 52 week low of $31.15 and a 52 week high of $46.80. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.45 and a quick ratio of 1.30. The stock has a market cap of $1.45 billion, a P/E ratio of 24.53, a price-to-earnings-growth ratio of 1.83 and a beta of 0.63.
Fox Factory (NASDAQ:FOXF) last posted its earnings results on Wednesday, May 2nd. The company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Fox Factory had a return on equity of 26.52% and a net margin of 10.78%. The business had revenue of $129.80 million during the quarter, compared to analysts’ expectations of $125.76 million. During the same period in the previous year, the business earned $0.35 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis. equities research analysts predict that Fox Factory will post 1.83 earnings per share for the current fiscal year.
In related news, CFO Zvi Glasman sold 10,500 shares of the business’s stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $38.81, for a total transaction of $407,505.00. Following the completion of the transaction, the chief financial officer now directly owns 37,067 shares in the company, valued at $1,438,570.27. The transaction was disclosed in a document filed with the SEC, which is available through this link. 5.60% of the stock is owned by insiders.
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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