Fox Factory Holding Corp [FOXF] attracts people because of its fundamentals

The stock of Fox Factory Holding Corp (NASDAQ:FOXF) last traded at $60.53, down -27.19% from the previous session.

Data from the available sources indicates that Fox Factory Holding Corp (NASDAQ:FOXF) is covered by 7 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $110.00 and a low of $80.00, we find $90.00. Given the previous closing price of $83.13, this indicates a potential upside of 8.26 percent. FOXF stock price is now -37.28% away from the 50-day moving average and -42.96% away from the 200-day moving average. The market capitalization of the company currently stands at $2.56B.

In total, 4 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $91.86 as their price target over the next twelve months.

In other news, DUNCAN THOMAS E., Director sold 1,427 shares of the company’s stock on Sep 01. The stock was sold for $159,696 at an average price of $111.91. Upon completion of the transaction, the Director now directly owns 8,559 shares in the company, valued at $0.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 25, (A) Stecher Paul sold 2,300 shares of the business’s stock. A total of $246,100 was realized by selling the stock at an average price of $107.00. This leaves the insider owning 16,360 shares of the company worth $0.99 million. Insiders disposed of 58,774 shares of company stock worth roughly $3.56 million over the past 1 year. A total of 0.45% of the company’s stock is owned by insiders.

With an opening price of $58.50 on Friday morning, Fox Factory Holding Corp (NASDAQ: FOXF) set off the trading day. During the past 12 months, Fox Factory Holding Corp has had a low of $76.84 and a high of $127.54. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 3.85, and a quick ratio of 2.07. According to the stock market information, the enterprise value for the company is $2.68B, which is based on a 15.14 price-to-earnings ratio, a 1.01 price-to-earnings-growth ratio, and a beta of 1.79. The fifty day moving average price for FOXF is $95.60 and a two-hundred day moving average price translates $105.90 for the stock.

The latest earnings results from Fox Factory Holding Corp (NASDAQ: FOXF) was released for Sep, 2023. According to the Auto Parts Company, earnings per share came in at $1.21, beating analysts’ expectations of $1.13 by 0.08. This compares to $1.26 EPS in the same period last year. The net profit margin was 11.02% and return on equity was 14.78% for FOXF. The company reported revenue of $400.71 million for the quarter, compared to $406.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.47 percent. For the current quarter, analysts expect FOXF to generate $398.28M in revenue.

Fox Factory Holding Corp(FOXF) Company Profile

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, 4×4 Posi-Lok, Ridetech, Tuscany, Outside Van, and SCA brands; and mountain bikes, e-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.

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