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.

Analyst Ratings Changes

FOXF has been the topic of several analyst reports. Jefferies Financial Group cut their target price on Fox Factory from $140.00 to $110.00 and set a "buy" rating on the stock in a research report on Friday, June 24th. Stifel Nicolaus raised Fox Factory from a "hold" rating to a "buy" rating and lifted their target price for the company from $88.00 to $115.00 in a research report on Friday, August 5th.

Fox Factory Stock Performance

Fox Factory stock traded down $3.38 during mid-day trading on Friday, reaching $103.84. 4,408 shares of the company's stock were exchanged, compared to its average volume of 223,030. The business's fifty day simple moving average is $90.09 and its 200 day simple moving average is $95.62. The firm has a market capitalization of $4.39 billion, a PE ratio of 24.88, a P/E/G ratio of 0.97 and a beta of 1.72. Fox Factory has a one year low of $69.28 and a one year 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.

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

Insider Buying and Selling at Fox Factory

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