Fox Factory - FOXF Stock Forecast, Price & News

Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers mid-end and high-end front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks. It also provides mountain and road bike wheels, and other performance cycling components, including cranks, chain rings, pedals, bars, stems, and seat posts, as well as sells aftermarket products to dealers and distributors. The company offers powered vehicles under the FOX, BDS Suspension, Zone Offroad, JKS Manufacturing, RT Pro UTV, 4x4 Posi-Lok, Ridetech, Tuscany, Outside Van, and SCA brands; and mountain bikes and road bikes under the FOX, Race Face, Easton Cycling, and Marzocchi brands. Fox Factory Holding Corp. was incorporated in 2007 and is headquartered in Duluth, Georgia.

Fox Factory Stock Performance

NASDAQ:FOXF opened at $111.45 on Friday. The firm's 50 day moving average is $88.23 and its two-hundred day moving average is $95.90. Fox Factory has a fifty-two week low of $69.28 and a fifty-two week high of $190.29. The company has a quick ratio of 2.10, a current ratio of 3.38 and a debt-to-equity ratio of 0.41. The company has a market cap of $4.71 billion, a P/E ratio of 25.86, a P/E/G ratio of 1.06 and a beta of 1.72.

Fox Factory (NASDAQ:FOXF - Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.22 by $0.16. Fox Factory had a net margin of 12.42% and a return on equity of 22.70%. The business had revenue of $406.71 million during the quarter, compared to analyst estimates of $399.13 million. During the same period in the previous year, the business posted $1.20 EPS. The company's quarterly revenue was up 23.9% on a year-over-year basis. Analysts expect that Fox Factory will post 5.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FOXF shares. Stifel Nicolaus raised shares of Fox Factory from a "hold" rating to a "buy" rating and increased their price target for the stock from $88.00 to $115.00 in a research note on Friday, August 5th. Jefferies Financial Group reduced their target price on shares of Fox Factory from $140.00 to $110.00 and set a "buy" rating on the stock in a report on Friday, June 24th.

Insiders Place Their Bets

In other news, Director Dudley W. Mendenhall sold 2,000 shares of the company's stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $104.43, for a total value of $208,860.00. Following the sale, the director now owns 10,110 shares of the company's stock, valued at approximately $1,055,787.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Dudley W. Mendenhall sold 2,000 shares of the firm's stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $104.43, for a total value of $208,860.00. Following the completion of the transaction, the director now directly owns 10,110 shares of the company's stock, valued at $1,055,787.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher Tutton sold 8,055 shares of the business's stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $103.21, for a total value of $831,356.55. Following the completion of the transaction, the insider now directly owns 11,712 shares of the company's stock, valued at approximately $1,208,795.52. The disclosure for this sale can be found here. Insiders own 0.24% of the company's stock.