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.

Analysts Set New Price Targets

FOXF has been the topic of a number of research analyst reports. Stifel Nicolaus upgraded shares of Fox Factory from a "hold" rating to a "buy" rating and increased their price objective for the company from $88.00 to $115.00 in a research note on Friday, August 5th. Jefferies Financial Group reduced their price objective on shares of Fox Factory from $140.00 to $110.00 and set a "buy" rating on the stock in a research note on Friday, June 24th.

Fox Factory Trading Down 0.5 %

NASDAQ:FOXF opened at $110.88 on Tuesday. Fox Factory has a 12 month low of $69.28 and a 12 month high of $190.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.38 and a quick ratio of 2.10. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 1.06 and a beta of 1.72. The company's fifty day moving average price is $88.74 and its two-hundred day moving average price is $95.61.

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

Insider Transactions at Fox Factory

In other news, Director Dudley W. Mendenhall sold 2,000 shares of the firm'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 transaction, the director now directly owns 10,110 shares in the company, valued at approximately $1,055,787.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Christopher Tutton sold 8,055 shares of the 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 sale, the insider now owns 11,712 shares of the company's stock, valued at approximately $1,208,795.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Dudley W. Mendenhall sold 2,000 shares of the stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $104.43, for a total transaction of $208,860.00. Following the completion of the sale, the director now directly owns 10,110 shares in the company, valued at approximately $1,055,787.30. The disclosure for this sale can be found here. Insiders own 0.17% of the company's stock.