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

Fox Factory Holding Corp. (NASDAQ:FOXF) has been given an average recommendation of “Hold” by the six research firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $40.67.

FOXF has been the subject of several analyst reports. Stifel Nicolaus upgraded shares of 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. Robert W. Baird decreased their price objective on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. 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. StockNews.com upgraded Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Roth Mkm lowered their price target on Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st.

Fox Factory Price Performance

Shares of FOXF opened at $32.15 on Friday. The business’s 50-day moving average is $35.17 and its two-hundred day moving average is $41.09. The company has a market capitalization of $1.34 billion, a P/E ratio of 123.65, a P/E/G ratio of 2.50 and a beta of 1.60. Fox Factory has a fifty-two week low of $30.13 and a fifty-two week high of $70.13. 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 (NASDAQ:FOXF) last posted its earnings results 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 5.23% and a net margin of 0.78%. The company had revenue of $359.10 million for the quarter, compared to analyst estimates of $366.86 million. During the same period last year, the business earned $1.05 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. Research analysts predict that Fox Factory will post 1.31 earnings per share for the current year.

Institutional Investors Weigh In On Fox Factory

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Fox Factory by 86.0% in the third quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock valued at $25,000 after acquiring an additional 277 shares in the last quarter. Signaturefd LLC lifted its holdings in Fox Factory by 301.1% in the 3rd quarter. Signaturefd LLC now owns 726 shares of the company’s stock valued at $30,000 after purchasing an additional 545 shares in the last quarter. nVerses Capital LLC acquired a new stake in Fox Factory during the 3rd quarter worth $42,000. KBC Group NV boosted 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 during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Fox Factory by 26.5% during the second quarter. Fifth Third Bancorp now owns 1,245 shares of the company’s stock worth $60,000 after buying an additional 261 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.