Fox Factory Holding (FOXF) Receives a Buy from Stifel Nicolaus
In a report released yesterday, Peter McGoldrick from Stifel Nicolaus maintained a Buy rating on Fox Factory Holding, with a price target of $25.00. The company’s shares closed yesterday at $16.77.
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McGoldrick covers the Consumer Cyclical sector, focusing on stocks such as Columbia Sportswear, Nike, and VF. According to TipRanks, McGoldrick has an average return of -2.3% and a 47.62% success rate on recommended stocks.
Currently, the analyst consensus on Fox Factory Holding is a Hold with an average price target of $22.40.
Based on Fox Factory Holding’s latest earnings release for the quarter ending October 3, the company reported a quarterly revenue of $376.36 million and a GAAP net loss of $634 thousand. In comparison, last year the company earned a revenue of $359.12 million and had a net profit of $4.78 million
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FOXF in relation to earlier this year. Last month, MICHAEL C. DENNISON, the CEO of FOXF bought 22,000.00 shares for a total of $312,180.00.
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