Analysts Set Fox Factory Holding Corp. (NASDAQ:FOXF) PT at $47.67

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have been given a consensus recommendation of “Hold” by the six research firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $47.67.

FOXF has been the topic of several research reports. Truist Financial upped their price target on shares of Fox Factory from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. Stifel Nicolaus decreased their price target on shares of Fox Factory from $56.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, April 24th. StockNews.com downgraded shares of Fox Factory from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. Roth Mkm cut their price objective on shares of Fox Factory from $55.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Finally, Robert W. Baird dropped their target price on shares of Fox Factory from $55.00 to $48.00 and set a “neutral” rating for the company in a report on Friday, May 3rd.

Fox Factory Price Performance

NASDAQ:FOXF opened at $51.14 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.43 and a quick ratio of 1.85. The firm’s fifty day moving average price is $44.67 and its two-hundred day moving average price is $53.98. Fox Factory has a one year low of $37.98 and a one year high of $117.68. The company has a market cap of $2.13 billion, a P/E ratio of 28.57, a P/E/G ratio of 2.12 and a beta of 1.71.

Fox Factory (NASDAQ:FOXF) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.19 by $0.10. Fox Factory had a net margin of 5.41% and a return on equity of 10.56%. The business had revenue of $333.50 million for the quarter, compared to the consensus estimate of $327.58 million. During the same period in the prior year, the company posted $1.20 earnings per share. Fox Factory’s revenue was down 16.6% compared to the same quarter last year. Equities analysts expect that Fox Factory will post 2.4 earnings per share for the current year.

Insider Activity at Fox Factory

In other Fox Factory news, CEO Michael C. Dennison acquired 11,250 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average price of $44.30 per share, for a total transaction of $498,375.00. Following the acquisition, the chief executive officer now directly owns 130,266 shares in the company, valued at $5,770,783.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Fox Factory news, CEO Michael C. Dennison acquired 11,250 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average price of $44.30 per share, for a total transaction of $498,375.00. Following the acquisition, the chief executive officer now directly owns 130,266 shares in the company, valued at $5,770,783.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas L. Fletcher sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $44.41, for a total transaction of $88,820.00. Following the completion of the transaction, the insider now owns 11,311 shares of the company’s stock, valued at approximately $502,321.51. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.

Institutional Trading of Fox Factory

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Motley Fool Asset Management LLC increased its position in Fox Factory by 175.1% during the 1st quarter. Motley Fool Asset Management LLC now owns 42,064 shares of the company’s stock valued at $2,190,000 after purchasing an additional 26,776 shares during the period. Jane Street Group LLC increased its position in Fox Factory by 173.7% during the 1st quarter. Jane Street Group LLC now owns 181,873 shares of the company’s stock valued at $9,470,000 after purchasing an additional 115,432 shares during the period. Silvercrest Asset Management Group LLC increased its position in Fox Factory by 0.4% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 126,945 shares of the company’s stock valued at $6,610,000 after purchasing an additional 535 shares during the period. Price T Rowe Associates Inc. MD increased its position in Fox Factory by 10.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,571 shares of the company’s stock valued at $1,488,000 after purchasing an additional 2,647 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in Fox Factory during the 1st quarter valued at approximately $291,000.

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.