Analysts Set Fox Factory Holding Corp. (NASDAQ:FOXF) PT at $39.14

Fox Factory Holding Corp. (NASDAQ:FOXF) has been given an average rating of “Hold” by the seven research firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $39.14.

A number of equities analysts recently weighed in on FOXF shares. Robert W. Baird lowered their target price on shares of Fox Factory from $38.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, February 28th. Truist Financial dropped their price objective on Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Stifel Nicolaus raised Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group dropped their price target on Fox Factory from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, February 28th.

Hedge Funds Weigh In On Fox Factory

Institutional investors have recently modified their holdings of the company. Quarry LP purchased a new position in shares of Fox Factory during the fourth quarter valued at approximately $45,000. KBC Group NV boosted its holdings in Fox Factory by 36.5% during the 3rd quarter. KBC Group NV now owns 1,377 shares of the company’s stock worth $57,000 after acquiring an additional 368 shares during the last quarter. TD Waterhouse Canada Inc. bought a new stake in shares of Fox Factory in the 4th quarter worth $143,000. Magnetar Financial LLC purchased a new stake in shares of Fox Factory in the fourth quarter valued at about $206,000. Finally, Aristides Capital LLC purchased a new position in Fox Factory during the fourth quarter worth about $206,000.

Fox Factory Stock Down 5.7 %

Shares of FOXF opened at $24.26 on Friday. The company has a market capitalization of $1.01 billion, a PE ratio of 93.31, a PEG ratio of 1.45 and a beta of 1.65. The stock’s 50-day moving average price is $26.42 and its two-hundred day moving average price is $31.71. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. Fox Factory has a 12 month low of $23.80 and a 12 month high of $54.86.

Fox Factory (NASDAQ:FOXF) last announced its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The business had revenue of $352.84 million for the quarter, compared to analysts’ expectations of $321.31 million. On average, analysts anticipate that Fox Factory will post 1.31 EPS for the current year.

About Fox Factory

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.