Fox Factory Holding Corp (NASDAQ:FOXF) – Stock analysts at William Blair upped their FY2018 earnings per share (EPS) estimates for Fox Factory in a research note issued on Thursday, November 1st. William Blair analyst R. Sundby now anticipates that the company will post earnings per share of $2.20 for the year, up from their prior forecast of $2.05. William Blair also issued estimates for Fox Factory’s Q4 2018 earnings at $0.55 EPS and FY2019 earnings at $2.40 EPS.
Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings data on Wednesday, October 31st. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.06. Fox Factory had a return on equity of 29.77% and a net margin of 11.43%. The firm had revenue of $175.80 million during the quarter, compared to the consensus estimate of $173.33 million. During the same period in the previous year, the firm posted $0.46 EPS. The company’s quarterly revenue was up 38.0% compared to the same quarter last year.
Several other brokerages also recently issued reports on FOXF. Robert W. Baird lifted their price objective on Fox Factory from $58.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, September 14th. Stifel Nicolaus lifted their price objective on Fox Factory from $55.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, September 18th. Zacks Investment Research upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Friday. BidaskClub upgraded Fox Factory from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Jefferies Financial Group lifted their price objective on Fox Factory from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, November 1st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $63.83.
Shares of Fox Factory stock opened at $65.16 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.10 and a quick ratio of 1.19. Fox Factory has a 1 year low of $33.20 and a 1 year high of $73.10. The company has a market cap of $2.43 billion, a P/E ratio of 40.98, a P/E/G ratio of 1.69 and a beta of 1.22.
Institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN raised its holdings in Fox Factory by 12.3% in the 2nd quarter. Wells Fargo & Company MN now owns 490,664 shares of the company’s stock valued at $22,840,000 after acquiring an additional 53,743 shares during the last quarter. Atria Investments LLC raised its holdings in Fox Factory by 37.9% in the 3rd quarter. Atria Investments LLC now owns 17,392 shares of the company’s stock valued at $1,218,000 after acquiring an additional 4,784 shares during the last quarter. Copper Rock Capital Partners LLC raised its holdings in Fox Factory by 777.3% in the 3rd quarter. Copper Rock Capital Partners LLC now owns 320,783 shares of the company’s stock valued at $22,455,000 after acquiring an additional 284,217 shares during the last quarter. TD Asset Management Inc. acquired a new position in Fox Factory in the 2nd quarter valued at $438,000. Finally, Cooke & Bieler LP raised its holdings in Fox Factory by 10.4% in the 2nd quarter. Cooke & Bieler LP now owns 455,614 shares of the company’s stock valued at $21,209,000 after acquiring an additional 42,914 shares during the last quarter. Institutional investors own 97.60% of the company’s stock.
In other Fox Factory news, CEO Larry L. Enterline sold 90,000 shares of the business’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $68.82, for a total value of $6,193,800.00. Following the completion of the transaction, the chief executive officer now directly owns 60,519 shares in the company, valued at approximately $4,164,917.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher Tutton sold 3,000 shares of the business’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $63.79, for a total value of $191,370.00. Following the completion of the transaction, the insider now owns 39,485 shares of the company’s stock, valued at $2,518,748.15. The disclosure for this sale can be found here. Insiders sold a total of 175,216 shares of company stock valued at $11,906,170 over the last quarter. 5.60% of the stock is currently owned by insiders.
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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