Wall Street analysts expect that Fox Factory Holding Corp (NASDAQ:FOXF) will report $157.21 million in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Fox Factory’s earnings, with estimates ranging from $155.50 million to $158.00 million. Fox Factory posted sales of $121.09 million in the same quarter last year, which would indicate a positive year over year growth rate of 29.8%. The company is scheduled to announce its next earnings report on Tuesday, February 26th.
On average, analysts expect that Fox Factory will report full-year sales of $619.58 million for the current year, with estimates ranging from $618.00 million to $620.50 million. For the next year, analysts forecast that the business will post sales of $683.87 million, with estimates ranging from $666.00 million to $703.00 million. Zacks’ sales calculations are an average based on a survey of analysts that cover Fox Factory.
Fox Factory (NASDAQ:FOXF) last released its earnings results on Wednesday, October 31st. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.06. The firm had revenue of $175.80 million for the quarter, compared to analyst estimates of $173.33 million. Fox Factory had a return on equity of 29.77% and a net margin of 11.43%. Fox Factory’s revenue was up 38.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 earnings per share.
A number of research analysts recently issued reports on FOXF shares. BidaskClub lowered Fox Factory from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 11th. ValuEngine lowered Fox Factory from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 24th. Zacks Investment Research upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Friday, November 2nd. Jefferies Financial Group increased their price target on Fox Factory from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, November 1st. Finally, Stifel Nicolaus increased their price target on Fox Factory from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, September 18th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Fox Factory currently has a consensus rating of “Buy” and an average target price of $63.83.
In related news, CEO Larry L. Enterline sold 90,000 shares of the 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 owns 60,519 shares in the company, valued at approximately $4,164,917.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Larry L. Enterline sold 22,401 shares of the stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $70.14, for a total value of $1,571,206.14. Following the completion of the transaction, the chief executive officer now owns 60,519 shares of the company’s stock, valued at approximately $4,244,802.66. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in FOXF. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Fox Factory by 13.3% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,029 shares of the company’s stock worth $632,000 after acquiring an additional 1,060 shares during the period. Victory Capital Management Inc. boosted its position in Fox Factory by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 9,684 shares of the company’s stock worth $451,000 after acquiring an additional 1,327 shares during the period. Polen Capital Management LLC boosted its position in Fox Factory by 9.1% during the 3rd quarter. Polen Capital Management LLC now owns 16,069 shares of the company’s stock worth $1,126,000 after acquiring an additional 1,347 shares during the period. C M Bidwell & Associates Ltd. boosted its position in Fox Factory by 2,026.5% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,403 shares of the company’s stock worth $168,000 after acquiring an additional 2,290 shares during the period. Finally, Ibex Investors LLC acquired a new stake in Fox Factory during the 3rd quarter worth about $200,000. Institutional investors and hedge funds own 98.24% of the company’s stock.
NASDAQ:FOXF opened at $64.05 on Friday. The stock has a market cap of $2.40 billion, a P/E ratio of 40.28, a PEG ratio of 1.60 and a beta of 1.25. Fox Factory has a 52-week low of $33.20 and a 52-week high of $76.77. The company has a current ratio of 2.10, a quick ratio of 1.19 and a debt-to-equity ratio of 0.18.
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.
See Also: Float
Get a free copy of the Zacks research report on Fox Factory (FOXF)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Fox Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fox Factory and related companies with MarketBeat.com's FREE daily email newsletter.