Fox Factory Holding Corp. (NASDAQ:FOXF) Receives Consensus Rating of “Hold” from Analysts

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have received an average rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $46.17.

A number of equities analysts recently issued reports on the company. Truist Financial cut their target price on Fox Factory from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Robert W. Baird reduced their price objective on shares of Fox Factory from $48.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Bank of America decreased their target price on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Finally, B. Riley dropped their price target on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd.

Insiders Place Their Bets

In other news, CEO Michael C. Dennison bought 4,800 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were purchased 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 in the company, valued at $5,597,135.04. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is currently owned by insiders.

Institutional Trading of Fox Factory

Institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. raised its position in Fox Factory by 25,005.1% in the second quarter. Pacer Advisors Inc. now owns 1,585,136 shares of the company’s stock worth $76,388,000 after acquiring an additional 1,578,822 shares during the period. William Blair Investment Management LLC bought a new stake in shares of Fox Factory in the 2nd quarter worth approximately $53,294,000. Norden Group LLC lifted its stake in Fox Factory by 3,378.1% in the first quarter. Norden Group LLC now owns 286,420 shares of the company’s stock valued at $14,914,000 after purchasing an additional 278,185 shares during the last quarter. Vanguard Group Inc. lifted its stake in Fox Factory by 5.4% in the first quarter. Vanguard Group Inc. now owns 4,470,762 shares of the company’s stock valued at $232,793,000 after purchasing an additional 228,339 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in Fox Factory by 25.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company’s stock valued at $32,483,000 after purchasing an additional 135,542 shares during the period.

Fox Factory Trading Down 1.0 %

FOXF opened at $37.02 on Thursday. The company has a market cap of $1.54 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 2.67 and a beta of 1.64. The company has a fifty day moving average price of $40.05 and a two-hundred day moving average price of $43.60. The company has a current ratio of 3.13, a quick ratio of 1.63 and a debt-to-equity ratio of 0.61. Fox Factory has a 1-year low of $34.56 and a 1-year high of $86.33.

Fox Factory (NASDAQ:FOXF) last issued its earnings results on Thursday, August 1st. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The business had revenue of $348.49 million during the quarter, compared to analyst estimates of $346.22 million. Fox Factory had a return on equity of 7.66% and a net margin of 3.07%. The firm’s revenue was down 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.21 EPS. Analysts predict that Fox Factory will post 1.56 EPS for the current fiscal year.

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.