Fox Factory Holding Corp. (NASDAQ:FOXF) Given Average Rating of “Hold” by Analysts

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have been assigned an average recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $40.33.

A number of research firms recently weighed in on FOXF. Robert W. Baird lowered their target price on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Truist Financial cut their target price on Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. StockNews.com raised Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Stifel Nicolaus raised shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Wednesday, December 11th. Finally, Roth Mkm lowered their target price on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, November 1st.

Fox Factory Stock Down 3.6 %

Shares of NASDAQ:FOXF opened at $27.82 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. Fox Factory has a 52-week low of $27.51 and a 52-week high of $69.46. The business’s 50 day simple moving average is $31.42 and its two-hundred day simple moving average is $38.52. The firm has a market cap of $1.16 billion, a P/E ratio of 107.00, a PEG ratio of 2.55 and a beta of 1.60.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.07). Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The business had revenue of $359.10 million during the quarter, compared to analyst estimates of $366.86 million. During the same period in the previous year, the business posted $1.05 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, research analysts forecast that Fox Factory will post 1.31 EPS for the current fiscal year.

Institutional Trading of Fox Factory

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in Fox Factory by 271.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company’s stock worth $7,921,000 after acquiring an additional 139,512 shares during the last quarter. Synovus Financial Corp boosted its position in Fox Factory by 20.3% during the third quarter. Synovus Financial Corp now owns 23,306 shares of the company’s stock worth $967,000 after purchasing an additional 3,934 shares during the period. Geode Capital Management LLC raised its position in shares of Fox Factory by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,002,109 shares of the company’s stock valued at $41,595,000 after purchasing an additional 8,474 shares during the period. Disciplined Growth Investors Inc. MN bought a new stake in shares of Fox Factory in the third quarter valued at approximately $5,743,000. Finally, M&T Bank Corp lifted its stake in shares of Fox Factory by 70.4% during the 3rd quarter. M&T Bank Corp now owns 36,795 shares of the company’s stock valued at $1,528,000 after buying an additional 15,201 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.