Fox Factory (NASDAQ:FOXF) Given New $36.00 Price Target at Roth Mkm

Fox Factory (NASDAQ:FOXF) had its price target decreased by investment analysts at Roth Mkm from $45.00 to $36.00 in a report issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Roth Mkm’s price target indicates a potential upside of 9.42% from the company’s current price.

A number of other analysts have also recently commented on FOXF. Truist Financial dropped their price target on shares of Fox Factory from $54.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday. Bank of America lowered their target price on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. B. Riley cut their price objective on Fox Factory from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Robert W. Baird lowered their price target on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Fox Factory currently has a consensus rating of “Hold” and an average price target of $41.50.

Fox Factory Stock Performance

Shares of Fox Factory stock traded down $3.09 during trading hours on Friday, hitting $32.90. 1,612,646 shares of the company’s stock traded hands, compared to its average volume of 573,165. The company has a fifty day simple moving average of $39.69 and a 200-day simple moving average of $43.36. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.13 and a quick ratio of 1.63. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 33.07, a PEG ratio of 2.52 and a beta of 1.64. Fox Factory has a 12-month low of $31.19 and a 12-month high of $86.14.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.07). Fox Factory had a return on equity of 7.66% and a net margin of 3.07%. The company had revenue of $359.10 million during the quarter, compared to the consensus estimate of $366.86 million. During the same period in the prior year, the firm posted $1.05 EPS. The business’s revenue was up 8.4% on a year-over-year basis. Equities research analysts anticipate that Fox Factory will post 1.56 EPS for the current fiscal year.

Insider Transactions at Fox Factory

In other Fox Factory news, CEO Michael C. Dennison purchased 4,800 shares of the stock in a transaction on Tuesday, August 6th. The stock was acquired at an average price of $41.44 per share, with a total value of $198,912.00. Following the transaction, the chief executive officer now directly owns 135,066 shares of the company’s stock, valued at approximately $5,597,135.04. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fox Factory

Hedge funds and other institutional investors have recently modified their holdings of the stock. Malaga Cove Capital LLC grew its holdings in shares of Fox Factory by 28.5% during the 3rd quarter. Malaga Cove Capital LLC now owns 12,050 shares of the company’s stock worth $500,000 after acquiring an additional 2,671 shares during the period. D.B. Root & Company LLC lifted its position in Fox Factory by 24.7% during the 3rd quarter. D.B. Root & Company LLC now owns 6,060 shares of the company’s stock valued at $251,000 after acquiring an additional 1,199 shares during the period. US Bancorp DE boosted its stake in Fox Factory by 2.6% during the third quarter. US Bancorp DE now owns 42,844 shares of the company’s stock worth $1,778,000 after acquiring an additional 1,099 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Fox Factory by 2.7% during the third quarter. Assenagon Asset Management S.A. now owns 35,571 shares of the company’s stock valued at $1,476,000 after purchasing an additional 941 shares in the last quarter. Finally, Signaturefd LLC boosted its position in shares of Fox Factory by 301.1% in the 3rd quarter. Signaturefd LLC now owns 726 shares of the company’s stock worth $30,000 after purchasing an additional 545 shares in the last quarter.

Fox Factory Company Profile

Fox Factory Holding Corp. designs, engineers, manufactures, and markets performance-defining products and system worldwide. The company offers powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks; lift kits and components with shock products and aftermarket accessory packages for trucks; and mid-end and high-end front fork and rear suspension products.