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

Fox Factory Holding Corp. (NASDAQ:FOXF) has received a consensus rating of “Hold” from the six analysts that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $40.33.

Several equities research analysts have weighed in on the company. StockNews.com raised Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Robert W. Baird dropped their target price on Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. 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 report on Friday, November 1st. Stifel Nicolaus raised Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Wednesday, December 11th. Finally, Truist Financial lowered their price target on Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FOXF. Signaturefd LLC boosted its stake in Fox Factory by 301.1% during the third quarter. Signaturefd LLC now owns 726 shares of the company’s stock valued at $30,000 after buying an additional 545 shares in the last quarter. Quarry LP bought a new position in Fox Factory during the fourth quarter valued at about $45,000. KBC Group NV boosted its stake in 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 buying an additional 368 shares in the last quarter. TD Waterhouse Canada Inc. bought a new position in Fox Factory during the fourth quarter valued at about $143,000. Finally, Magnetar Financial LLC bought a new position in Fox Factory during the fourth quarter valued at about $206,000.

Fox Factory Price Performance

Shares of NASDAQ FOXF opened at $26.45 on Wednesday. Fox Factory has a 1-year low of $25.17 and a 1-year high of $54.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The business’s fifty day moving average price is $28.04 and its two-hundred day moving average price is $33.94. The firm has a market capitalization of $1.10 billion, a PE ratio of 101.75, a P/E/G ratio of 1.45 and a beta of 1.58.

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.