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 Trading Up 1.5 %

Shares of NASDAQ:FOXF traded up $1.63 during midday trading on Thursday, hitting $108.58. The company had a trading volume of 177,449 shares, compared to its average volume of 250,592. Fox Factory has a 12 month low of $69.28 and a 12 month high of $190.29. The company has a current ratio of 3.38, a quick ratio of 2.10 and a debt-to-equity ratio of 0.41. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 1.00 and a beta of 1.72. The firm has a fifty day simple moving average of $87.67 and a 200 day simple moving average of $96.22.

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

Analyst Upgrades and Downgrades

FOXF has been the topic of a number of recent research reports. Jefferies Financial Group decreased their price objective 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 upgraded Fox Factory from a "hold" rating to a "buy" rating and raised their price target for the stock from $88.00 to $115.00 in a research report on Friday, August 5th.

Insider Activity at Fox Factory

In related news, Director Dudley W. Mendenhall sold 2,000 shares of Fox Factory 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 sale, the director now 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 SEC, which is available through this hyperlink. In related news, Director Dudley W. Mendenhall sold 2,000 shares of Fox Factory 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 sale, the director now 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 SEC, which is available through this hyperlink. Also, insider Christopher Tutton sold 8,055 shares of Fox Factory 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 sale, the insider now directly owns 11,712 shares in the company, valued at approximately $1,208,795.52. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.