Fox Factory Holding Corp (FOXF) is Initiated by Jefferies to Buy, Price Target at $26

Fox Factory Holding Corp (FOXF) was Initiated by Jefferies to “Buy” and the brokerage firm has set the Price Target at $26. Jefferies advised their investors in a research report released on Sep 30, 2016.

Many Wall Street Analysts have commented on Fox Factory Holding Corp. Company shares were Reiterated by DA Davidson on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 23 from a previous price target of $22 .

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 opened for trading at $22.16 and hit $22.46 on the upside on Tuesday, eventually ending the session at $22.31, with a gain of 0.50% or 0.11 points. The heightened volatility saw the trading volume jump to 3,71,308 shares. Company has a market cap of $818 M.

In a different news, on Aug 16, 2016, Robert (bob) Jr Fox (director) sold 525,000 shares at $18.00 per share price. According to the SEC, on Aug 10, 2016, Zvi Glasman (CFO and Treasurer) sold 30,000 shares at $20.12 per share price. On Mar 9, 2015, Elias Sabo (director) purchased 100,000 shares at $14.87 per share price, according to the Form-4 filing with the securities and exchange commission.

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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