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

Fox Factory Holding Corp. (NASDAQ:FOXF) has earned an average rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $40.33.

Several equities analysts recently issued reports on FOXF shares. Robert W. Baird reduced their price target on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Stifel Nicolaus raised Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Wednesday, December 11th. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Truist Financial decreased their target price on Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Finally, Roth Mkm decreased their price objective on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st.

Institutional Investors Weigh In On Fox Factory

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC increased its position in Fox Factory by 86.0% during 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 during the last quarter. Signaturefd LLC boosted its stake in shares of Fox Factory by 301.1% during the 3rd quarter. Signaturefd LLC now owns 726 shares of the company’s stock worth $30,000 after purchasing an additional 545 shares during the period. nVerses Capital LLC bought a new position in Fox Factory during the 3rd quarter valued at about $42,000. KBC Group NV raised its position in Fox Factory by 36.5% in 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 period. Finally, Diversify Wealth Management LLC lifted its stake in Fox Factory by 10.1% in the fourth quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company’s stock worth $207,000 after purchasing an additional 680 shares during the last quarter.

Fox Factory Stock Performance

NASDAQ:FOXF opened at $27.32 on Friday. 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 has a fifty-two week low of $26.76 and a fifty-two week high of $69.46. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 105.08, a PEG ratio of 1.53 and a beta of 1.60. The stock has a fifty day moving average price of $29.95 and a 200-day moving average price of $36.59.

Fox Factory (NASDAQ:FOXF) last released its earnings results on Thursday, October 31st. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The company had revenue of $359.10 million for the quarter, compared to the consensus estimate of $366.86 million. During the same period in the prior year, the company earned $1.05 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. As a group, equities analysts anticipate that Fox Factory will post 1.31 EPS for the current fiscal year.

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.