FY2017 EPS Estimates for Fox Factory Holding Corp. Raised by DA Davidson (FOXF)

Fox Factory Holding Corp. (NASDAQ:FOXF) – Investment analysts at DA Davidson increased their FY2017 earnings estimates for shares of Fox Factory Holding Corp. in a research report issued to clients and investors on Thursday. DA Davidson analyst A. Burns now expects that the company will post earnings of $1.54 per share for the year, up from their previous estimate of $1.50. DA Davidson also issued estimates for Fox Factory Holding Corp.’s Q4 2017 earnings at $0.33 EPS, Q1 2018 earnings at $0.39 EPS, Q2 2018 earnings at $0.45 EPS, Q3 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.38 EPS, FY2018 earnings at $1.71 EPS and FY2019 earnings at $1.94 EPS.

Fox Factory Holding Corp. (NASDAQ:FOXF) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.02. The business had revenue of $127.40 million during the quarter, compared to the consensus estimate of $123.02 million. Fox Factory Holding Corp. had a return on equity of 28.25% and a net margin of 10.76%. The company’s revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share.

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FOXF has been the subject of several other research reports. ValuEngine cut Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research cut Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a research report on Friday. Stifel Nicolaus reissued a “hold” rating on shares of Fox Factory Holding Corp. in a research note on Wednesday, November 1st. Finally, Bank of America Corporation raised their price target on Fox Factory Holding Corp. from $39.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, September 21st. Nine equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $39.29.

Shares of Fox Factory Holding Corp. (FOXF) opened at $40.05 on Monday. The company has a current ratio of 2.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.26. Fox Factory Holding Corp. has a fifty-two week low of $19.90 and a fifty-two week high of $46.80. The firm has a market capitalization of $1,512.01, a price-to-earnings ratio of 26.50, a P/E/G ratio of 1.90 and a beta of 0.68.

In other Fox Factory Holding Corp. news, SVP William H. Katherman sold 18,580 shares of Fox Factory Holding Corp. stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $42.01, for a total transaction of $780,545.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Carl Nichols sold 6,503 shares of Fox Factory Holding Corp. stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $37.89, for a total value of $246,398.67. Following the sale, the director now owns 36,410 shares in the company, valued at $1,379,574.90. The disclosure for this sale can be found here. Insiders have sold a total of 58,539 shares of company stock worth $2,286,580 over the last 90 days. 21.40% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Alps Advisors Inc. increased its holdings in shares of Fox Factory Holding Corp. by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 18,036 shares of the company’s stock valued at $642,000 after acquiring an additional 47 shares during the last quarter. Capstone Asset Management Co. increased its holdings in shares of Fox Factory Holding Corp. by 1.3% in the 2nd quarter. Capstone Asset Management Co. now owns 11,250 shares of the company’s stock valued at $401,000 after acquiring an additional 140 shares during the last quarter. Texas Permanent School Fund increased its holdings in shares of Fox Factory Holding Corp. by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 25,294 shares of the company’s stock valued at $900,000 after acquiring an additional 196 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Fox Factory Holding Corp. by 0.3% in the 2nd quarter. Prudential Financial Inc. now owns 57,980 shares of the company’s stock valued at $2,064,000 after acquiring an additional 200 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its position in Fox Factory Holding Corp. by 7.5% during the 2nd quarter. LS Investment Advisors LLC now owns 3,990 shares of the company’s stock valued at $142,000 after purchasing an additional 279 shares during the period. Institutional investors and hedge funds own 96.57% of the company’s stock.

About Fox Factory Holding Corp.

Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.

Earnings History and Estimates for Fox Factory Holding Corp. (NASDAQ:FOXF)

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