Jefferies Initiates Coverage on Fox Factory Holding Corp to Buy

Jefferies Initiates Coverage on Fox Factory Holding Corp(NASDAQ:FOXF). The shares have been rated Buy. The rating by Jefferies was issued on Sep 30, 2016.

In a different note, On Aug 4, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Fox Factory Holding Corp. In the research note, the firm Raises the price-target to $22.00 per share. The shares have been rated ‘Buy’ by the firm.

Fox Factory Holding Corp (FOXF) shares turned negative on Tuesdays trading session with the shares closing down -0.32 points or -1.40% at a volume of 1,56,787. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $22.98. The peak price level was also seen at $22.98 while the days lowest was $22.55. Finally the shares closed at $22.6. The 52-week high of the shares is $23.519 while the 52-week low is $13.85. According to the latest information available, the market cap of the company is $828 M.

Fox Factory Holding Corp(FOXF) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $102.29M. Analysts had an estimated revenue of $98.53M. Earnings per share were $0.32. Analysts had estimated an EPS of $0.28.

Several Insider Transactions has been reported to the SEC. On Aug 16, 2016, Robert (bob) Jr Fox (director) sold 525,000 shares at $18.00 per share price.Also, On Aug 16, 2016, Group Diversified Hold Compass (10% owner) sold 3,500,000 shares at $18.00 per share price.On Aug 10, 2016, Zvi Glasman (CFO and Treasurer) sold 30,000 shares at $20.12 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Fox Factory Holding Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Fox Factory Holding Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.