Fox Factory Holding Corp (FOXF) is Reiterated by DA Davidson to Buy, Raises Price Target to $ 23

Fox Factory Holding Corp (FOXF) was Reiterated by DA Davidson to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 23 from a previous price target of $22 . DA Davidson advised their investors in a research report released on Aug 4, 2016.

On the company’s financial health, Fox Factory Holding Corp reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.28. The company had revenue of $102.30 million for the quarter, compared to analysts expectations of $98.52 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Fox Factory Holding Corp closed down -0.2 points or -1.05% at $18.89 with 1,82,626 shares getting traded on Tusday. Post opening the session at $19.12, the shares hit an intraday low of $18.8491 and an intraday high of $19.245 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Mar 9, 2015, Elias Sabo (director) purchased 100,000 shares at $14.87 per share price.

Fox Factory Holding Corp. (FOX) is a designer manufacturer and marketer of ride dynamics component products used primarily on bicycles side-by-side vehicles or Side-by-Sides on-road vehicles with off-road capabilities off-road vehicles and trucks all-terrain vehicles or ATVs snowmobiles specialty vehicles and applications and motorcycles as well as suspension systems or life kits used on trucks. The Company’s products fall into the two categories: bikes and powered vehicles including Side-by-Sides on-road vehicles with off-road capabilities off-road vehicles and trucks ATVs snowmobiles specialty vehicles and applications and motorcycles. The Company is the holding company of Fox Factory Inc. The Company designs and markets its products to original equipment manufacturers (OEM’s) in its markets and to consumers through the aftermarket channel.

Fox Factory Holding Corp

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