The CEO of Fox Factory Holding (NASDAQ: FOXF) is Buying Shares

By Carrie Williams

Yesterday, the CEO of Fox Factory Holding (NASDAQ: FOXF), Larry Enterline, bought shares of FOXF for $309.6K.

Following this transaction Larry Enterline’s holding in the company was increased by 121.07% to a total of $10.33 million. Following Larry Enterline’s last FOXF Buy transaction on December 18, 2017, the stock climbed by 31.1%.

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Based on Fox Factory Holding’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $157 million and quarterly net profit of $18.37 million. In comparison, last year the company earned revenue of $121 million and had a net profit of $13.73 million. FOXF’s market cap is $2.64B and the company has a P/E ratio of 46.63. Currently, Fox Factory Holding has an average volume of 300.8K.

Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $59.60, reflecting a -14.8% downside.

In the last 30 days, insiders have sold $9.78M worth of FOXF shares and purchased $309.6K worth of FOXF shares. The insider sentiment on Fox Factory Holding has been negative according to 53 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Larry Enterline’s trades have generated a -24.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Fox Factory Holding Corp. engages in designing, engineering, manufacturing, and marketing performance ride dynamics products. Its product categories include bicycles; side-by-sides; on-road vehicles with off-road capabilities; off-road vehicles and trucks; all-terrain vehicles; snowmobiles; specialty vehicles and applications; and motorcycles.