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

Fox Factory Holding Corp. (NASDAQ:FOXF) has received a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $39.14.

Several research firms recently weighed in on FOXF. Jefferies Financial Group lowered their target price on Fox Factory from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. StockNews.com raised Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Robert W. Baird cut their price objective on Fox Factory from $38.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, February 28th. Truist Financial decreased their target price on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus upgraded shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Wednesday, December 11th.

Fox Factory Trading Up 0.5 %

Fox Factory stock opened at $25.02 on Friday. The business has a 50-day simple moving average of $26.67 and a two-hundred day simple moving average of $32.15. Fox Factory has a 52-week low of $23.91 and a 52-week high of $54.86. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.04 billion, a P/E ratio of 96.23, a P/E/G ratio of 1.45 and a beta of 1.65.

Fox Factory (NASDAQ:FOXF) last announced its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The business had revenue of $352.84 million during the quarter, compared to analysts’ expectations of $321.31 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. Analysts predict that Fox Factory will post 1.31 EPS for the current year.

Institutional Investors Weigh In On Fox Factory

A number of institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Fox Factory by 5.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,410 shares of the company’s stock worth $2,192,000 after acquiring an additional 3,772 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in Fox Factory by 31.8% in the 4th quarter. Voloridge Investment Management LLC now owns 617,352 shares of the company’s stock worth $18,687,000 after purchasing an additional 148,925 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Fox Factory by 41.4% during the 4th quarter. Squarepoint Ops LLC now owns 88,766 shares of the company’s stock valued at $2,687,000 after purchasing an additional 26,009 shares during the last quarter. Twinbeech Capital LP purchased a new position in shares of Fox Factory during the fourth quarter valued at about $479,000. Finally, Two Sigma Advisers LP bought a new stake in shares of Fox Factory in the fourth quarter worth about $378,000.

About Fox Factory

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.