Fox Factory Holding Corp’s (NASDAQ:FOXF) Sentiment is 1.56

April 20, 2018 - By Graig Alexander

Fox Factory Holding Corp. (NASDAQ:FOXF) Logo

Sentiment for Fox Factory Holding Corp (NASDAQ:FOXF)

Fox Factory Holding Corp (NASDAQ:FOXF) institutional sentiment decreased to 1.56 in 2017 Q4. Its down -0.19, from 1.75 in 2017Q3. The ratio has dropped, as 97 investment professionals opened new and increased positions, while 62 decreased and sold stakes in Fox Factory Holding Corp. The investment professionals in our partner’s database now possess: 39.01 million shares, up from 34.58 million shares in 2017Q3. Also, the number of investment professionals holding Fox Factory Holding Corp in their top 10 positions decreased from 2 to 1 for a decrease of 1. Sold All: 23 Reduced: 39 Increased: 62 New Position: 35.

Fox Factory Holding Corp. designs, engineers, makes, and markets ride dynamics products worldwide. The company has market cap of $1.32 billion. The firm offers front fork and rear suspension products for mountain bikes and road bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles. It has a 31.53 P/E ratio. It also provides mountain and road bike wheels, and other performance cycling components, including cranks, bars, stems, and seat posts, as well as aftermarket products to retailers and distributors.

The stock decreased 2.37% or $0.85 during the last trading session, reaching $35. About 137,497 shares traded. Fox Factory Holding Corp. (NASDAQ:FOXF) has risen 20.66% since April 20, 2017 and is uptrending. It has outperformed by 9.11% the S&P500.

Analysts await Fox Factory Holding Corp. (NASDAQ:FOXF) to report earnings on May, 2. They expect $0.34 earnings per share, down 2.86 % or $0.01 from last year’s $0.35 per share. FOXF’s profit will be $12.80 million for 25.74 P/E if the $0.34 EPS becomes a reality. After $0.38 actual earnings per share reported by Fox Factory Holding Corp. for the previous quarter, Wall Street now forecasts -10.53 % negative EPS growth.

Conestoga Capital Advisors Llc holds 2.36% of its portfolio in Fox Factory Holding Corp. for 1.58 million shares. Kayne Anderson Rudnick Investment Management Llc owns 7.12 million shares or 2.24% of their US portfolio. Moreover, Van Berkom & Associates Inc. has 1.78% invested in the company for 1.41 million shares. The United Kingdom-based Kames Capital Plc has invested 0.83% in the stock. Nbw Capital Llc, a Massachusetts-based fund reported 77,841 shares.

Since January 1, 0001, it had 0 buys, and 2 sales for $3.25 million activity.

Fox Factory Holding Corp. (NASDAQ:FOXF) Ratings Coverage

Ratings analysis reveals 33% of Fox Factory Holding’s analysts are positive. Out of 3 Wall Street analysts rating Fox Factory Holding, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $44.0 while the high is $45. The stock’s average target of $44.50 is 27.14% above today’s ($35) share price. FOXF was included in 3 notes of analysts from October 24, 2017. Stifel Nicolaus maintained Fox Factory Holding Corp. (NASDAQ:FOXF) on Friday, December 1 with “Hold” rating. The company was upgraded on Thursday, February 8 by DA Davidson. Bank of America maintained Fox Factory Holding Corp. (NASDAQ:FOXF) on Tuesday, October 24 with “Neutral” rating.

Fox Factory Holding Corp. (NASDAQ:FOXF) Institutional Positions Chart

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