Fox Factory (NASDAQ:FOXF) Reaches New 1-Year Low – Here’s What Happened

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) hit a new 52-week low on Tuesday . The stock traded as low as $25.42 and last traded at $25.62, with a volume of 38079 shares trading hands. The stock had previously closed at $25.99.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FOXF. Stifel Nicolaus raised shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Wednesday, December 11th. Roth Mkm dropped their target price 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. 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 upgraded Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Robert W. Baird reduced their price objective on Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $40.33.

Fox Factory Trading Up 0.3 %

The firm’s 50-day simple moving average is $29.20 and its 200 day simple moving average is $35.46. The stock has a market cap of $1.09 billion, a P/E ratio of 100.20, a PEG ratio of 1.44 and a beta of 1.58. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62.

Institutional Trading of Fox Factory

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings 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 buying an additional 277 shares in the last quarter. KBC Group NV lifted its holdings in shares of Fox Factory by 36.5% during the third quarter. KBC Group NV now owns 1,377 shares of the company’s stock valued at $57,000 after purchasing an additional 368 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of Fox Factory by 7.3% in the 3rd quarter. Park Avenue Securities LLC now owns 6,023 shares of the company’s stock valued at $250,000 after purchasing an additional 410 shares during the period. FORA Capital LLC increased its stake in Fox Factory by 5.9% in the 3rd quarter. FORA Capital LLC now owns 9,117 shares of the company’s stock worth $378,000 after purchasing an additional 507 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Fox Factory by 301.1% during the 3rd quarter. Signaturefd LLC now owns 726 shares of the company’s stock worth $30,000 after buying an additional 545 shares during the period.

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.