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

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have received an average rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $40.67.

Several brokerages recently commented on FOXF. StockNews.com raised Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. 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 report on Thursday, September 12th. Roth Mkm cut their price target 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. Robert W. Baird dropped their price objective on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, Truist Financial reduced their target price on Fox Factory from $54.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, November 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FOXF. Pacer Advisors Inc. lifted its stake in shares of Fox Factory by 25,005.1% during the second quarter. Pacer Advisors Inc. now owns 1,585,136 shares of the company’s stock valued at $76,388,000 after acquiring an additional 1,578,822 shares during the period. William Blair Investment Management LLC acquired a new position in Fox Factory during the 2nd quarter valued at about $53,294,000. JPMorgan Chase & Co. boosted its stake in shares of Fox Factory by 271.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company’s stock valued at $7,921,000 after purchasing an additional 139,512 shares during the last quarter. Disciplined Growth Investors Inc. MN bought a new stake in shares of Fox Factory during the third quarter worth approximately $5,743,000. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Fox Factory by 25.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company’s stock valued at $32,483,000 after buying an additional 135,542 shares during the period.

Fox Factory Price Performance

Shares of FOXF stock opened at $30.15 on Tuesday. The company has a market capitalization of $1.26 billion, a P/E ratio of 115.97, a P/E/G ratio of 2.55 and a beta of 1.60. 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 $28.33 and a 12 month high of $69.46. The stock has a 50 day moving average of $32.01 and a two-hundred day moving average of $39.04.

Fox Factory (NASDAQ:FOXF) last announced 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 the consensus estimate of $366.86 million. During the same period last year, the firm earned $1.05 EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, equities analysts expect that Fox Factory will post 1.31 EPS for the current 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.