Stock Buzzer: Fox Factory Holding Corp on Focus After Trading At 52-Week Highs

Stock Buzzer: Fox Factory Holding Corp on Focus After Trading At 52 Week Highs

The stock of Fox Factory Holding Corp (NASDAQ:FOXF) hit a new 52-week high and has $26.38 target or 7.00% above today’s $24.65 share price. The 7 months bullish chart indicates low risk for the $910.42M company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $26.38 price target is reached, the company will be worth $63.73M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 161,606 shares traded hands. Fox Factory Holding Corp (NASDAQ:FOXF) has risen 48.02% since April 25, 2016 and is uptrending. It has outperformed by 42.00% the S&P500.

Analysts await Fox Factory Holding Corp (NASDAQ:FOXF) to report earnings on March, 6. They expect $0.30 earnings per share, up 20.00% or $0.05 from last year’s $0.25 per share. FOXF’s profit will be $11.08M for 20.54 P/E if the $0.30 EPS becomes a reality. After $0.44 actual earnings per share reported by Fox Factory Holding Corp for the previous quarter, Wall Street now forecasts -31.82% negative EPS growth.

Fox Factory Holding Corp (NASDAQ:FOXF) Ratings Coverage

Out of 2 analysts covering Fox Factory Holding Corp. (NASDAQ:FOXF), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Fox Factory Holding Corp. has been the topic of 2 analyst reports since August 4, 2016 according to StockzIntelligence Inc. SunTrust maintained the stock with “Buy” rating in Thursday, August 4 report. Jefferies initiated Fox Factory Holding Corp (NASDAQ:FOXF) on Friday, September 30 with “Buy” rating.

According to Zacks Investment Research, “Fox Factory Holding Corp. is a designer, manufacturer and marketer of suspension products used primarily on mountain bikes, side-by-side vehicles, on-road vehicles, off-road vehicles, all-terrain vehicles, snowmobiles, specialty vehicles and applications and motorcycles. Fox Factory Holding Corp. is headquartered in California.”

Insitutional Activity: The institutional sentiment increased to 2.53 in 2016 Q2. Its up 1.12, from 1.41 in 2016Q1. The ratio increased, as 12 funds sold all Fox Factory Holding Corp shares owned while 25 reduced positions. 17 funds bought stakes while 35 increased positions. They now own 21.17 million shares or 5.64% more from 20.04 million shares in 2016Q1.
Moreover, Northern Trust has 0% invested in Fox Factory Holding Corp (NASDAQ:FOXF) for 296,230 shares. California State Teachers Retirement System holds 0% of its portfolio in Fox Factory Holding Corp (NASDAQ:FOXF) for 46,924 shares. The Pennsylvania-based Stoneridge Inv Prtnrs Limited Company has invested 0.07% in Fox Factory Holding Corp (NASDAQ:FOXF). Blackrock Institutional Na holds 419,693 shares or 0% of its portfolio. Geode Mgmt Ltd Llc last reported 161,112 shares in the company. Blackrock Fund Advsrs accumulated 582,107 shares or 0% of the stock. Ig Investment Mngmt Ltd accumulated 51,500 shares or 0% of the stock. Citigroup Inc accumulated 0% or 1,054 shares. Conestoga Advisors Lc holds 0.76% of its portfolio in Fox Factory Holding Corp (NASDAQ:FOXF) for 590,310 shares. Tiaa Cref Invest Mgmt Limited Liability Com holds 69,200 shares or 0% of its portfolio. Neuberger Berman Gp Limited last reported 0% of its portfolio in the stock. Goldman Sachs Group Incorporated, a New York-based fund reported 13,531 shares. Dimensional Fund Lp holds 0.01% of its portfolio in Fox Factory Holding Corp (NASDAQ:FOXF) for 1.20 million shares. Teacher Retirement System Of Texas, a Texas-based fund reported 3,070 shares. Schwab Charles Invest Mngmt Incorporated has 0% invested in the company for 62,281 shares.

Insider Transactions: Since August 8, 2016, the stock had 0 buys, and 3 sales for $83.16 million net activity. 30,000 Fox Factory Holding Corp (NASDAQ:FOXF) shares with value of $603,525 were sold by Glasman Zvi. Another trade for 3.50M shares valued at $71.79 million was sold by Compass Group Diversified Holdings LLC. Fox Robert (Bob) Jr had sold 525,000 shares worth $10.77M.

More notable recent Fox Factory Holding Corp (NASDAQ:FOXF) news were published by: Globenewswire.com which released: “Fox Factory Holding Corp. Announces Secondary Public Offering” on November 16, 2016, also Globenewswire.com with their article: “Fox Factory Holding Corp. Announces Closing of Secondary Public Offering” published on November 22, 2016, Prnewswire.com published: “Compass Diversified Holdings Announces Partial Divestiture of Fox Factory …” on November 22, 2016. More interesting news about Fox Factory Holding Corp (NASDAQ:FOXF) were released by: Prnewswire.com and their article: “Compass Diversified Holdings Announces Partial Divestiture of Fox Factory …” published on March 16, 2016 as well as Globenewswire.com‘s news article titled: “Fox Factory Holding Corp. Announces Third Quarter 2016 Financial Results” with publication date: November 02, 2016.

FOXF Company Profile

Fox Factory Holding Corp., incorporated on December 28, 2007, designs, engineers, makes and markets performance ride dynamics products for clients across the world. The Company’s brand ride dynamics products are used primarily on bicycles (bikes), side-by-side vehicles (Side-by-Sides), on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles. The Company’s brands include FOX, FOX RACING SHOX and RACE FACE. The Company’s products include 34 Factory Series FLOAT FIT4, which provides external adjustability with its fourth-generation FOX Isolated Technology and closed-cartridge damper, and includes a self-adjusting negative chamber air spring; X2 technology, utilized in its Factory Series FLOAT and DH rear shocks; PODIUM Internal Bypass, and FLOAT iCD, which provides riders the ability to adjust modes for different skills, terrains and activity levels on mountain bikes.

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