Fox Factory (NASDAQ:FOXF) Price Target Cut to $32.00 by Analysts at Robert W. Baird

Fox Factory (NASDAQ:FOXF) had its target price lowered by research analysts at Robert W. Baird from $38.00 to $32.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 15.40% from the company’s current price.

Other research analysts also recently issued reports about the stock. Stifel Nicolaus upgraded shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Wednesday, December 11th. Roth Mkm cut their target price on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Truist Financial cut their target price on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Finally, StockNews.com upgraded shares of Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fox Factory has a consensus rating of “Hold” and a consensus price target of $39.14.

Fox Factory Stock Up 8.8 %

Shares of NASDAQ:FOXF opened at $27.73 on Friday. Fox Factory has a 12 month low of $25.17 and a 12 month high of $54.85. The company’s 50-day moving average price is $27.84 and its two-hundred day moving average price is $33.70. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1.16 billion, a P/E ratio of 106.66, a P/E/G ratio of 1.45 and a beta of 1.58.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The firm had revenue of $352.84 million for the quarter, compared to analyst estimates of $321.31 million. As a group, research analysts forecast that Fox Factory will post 1.31 EPS for the current fiscal year.

Institutional Trading of Fox Factory

Hedge funds have recently modified their holdings of the company. Quarry LP acquired a new stake in shares of Fox Factory in the 4th quarter valued at approximately $45,000. KBC Group NV increased its stake 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 purchasing an additional 368 shares in the last quarter. TD Waterhouse Canada Inc. bought a new stake in Fox Factory during the 4th quarter worth approximately $143,000. Magnetar Financial LLC bought a new stake in Fox Factory during the 4th quarter worth approximately $206,000. Finally, Aristides Capital LLC bought a new stake in Fox Factory during the 4th quarter worth approximately $206,000.

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.