Analysts expect that Fox Factory Holding Corp (NASDAQ:FOXF) will report $145.93 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Fox Factory’s earnings. The lowest sales estimate is $143.70 million and the highest is $148.23 million. Fox Factory posted sales of $120.81 million during the same quarter last year, which would indicate a positive year over year growth rate of 20.8%. The firm is scheduled to issue its next earnings results on Thursday, August 2nd.
On average, analysts expect that Fox Factory will report full-year sales of $569.06 million for the current fiscal year, with estimates ranging from $562.00 million to $571.94 million. For the next fiscal year, analysts expect that the firm will post sales of $615.72 million per share, with estimates ranging from $608.00 million to $625.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Fox Factory.
Fox Factory (NASDAQ:FOXF) last released its quarterly earnings data on Wednesday, May 2nd. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. Fox Factory had a return on equity of 26.52% and a net margin of 10.78%. The company had revenue of $129.80 million during the quarter, compared to analysts’ expectations of $125.76 million. During the same period last year, the firm posted $0.35 earnings per share. The business’s revenue was up 22.1% on a year-over-year basis.
A number of research firms have recently issued reports on FOXF. BidaskClub raised Fox Factory from a “hold” rating to a “buy” rating in a research report on Thursday, May 31st. ValuEngine raised Fox Factory from a “hold” rating to a “buy” rating in a research report on Thursday, May 17th. DA Davidson raised Fox Factory from a “neutral” rating to a “buy” rating in a research report on Thursday, February 8th. Stifel Nicolaus cut their price objective on Fox Factory from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Thursday, May 3rd. Finally, Zacks Investment Research cut Fox Factory from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a research report on Wednesday, May 2nd. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $39.50.
In other news, CFO Zvi Glasman sold 10,500 shares of the stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $38.81, for a total transaction of $407,505.00. Following the transaction, the chief financial officer now owns 37,067 shares in the company, valued at $1,438,570.27. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.60% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in shares of Fox Factory in the 1st quarter valued at $118,000. Capital Fund Management S.A. bought a new position in shares of Fox Factory in the 4th quarter valued at $233,000. Xact Kapitalforvaltning AB bought a new position in shares of Fox Factory in the 1st quarter valued at $252,000. Profund Advisors LLC increased its stake in shares of Fox Factory by 27.9% in the 1st quarter. Profund Advisors LLC now owns 7,435 shares of the company’s stock valued at $259,000 after purchasing an additional 1,620 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Fox Factory in the 4th quarter valued at $293,000. Hedge funds and other institutional investors own 99.96% of the company’s stock.
Shares of FOXF traded up $0.25 during mid-day trading on Monday, reaching $42.65. The company’s stock had a trading volume of 4,942 shares, compared to its average volume of 146,361. Fox Factory has a 1-year low of $31.55 and a 1-year high of $46.80. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 1.98 and a beta of 0.69. The company has a quick ratio of 1.30, a current ratio of 2.45 and a debt-to-equity ratio of 0.29.
About Fox Factory
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.
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