Fox Factory Holding Corp. (NASDAQ:FOXF) Receives $47.00 Average PT from Analysts

Fox Factory Holding Corp. (NASDAQ:FOXF) has been given a consensus rating of “Hold” by the six ratings firms that are covering the company, MarketBeat Ratings 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 brokers that have covered the stock in the last year is $47.00.

FOXF has been the subject of several research reports. Truist Financial reduced their price objective on Fox Factory from $55.00 to $54.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Robert W. Baird lowered their price target on Fox Factory from $48.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, B. Riley reduced their price objective on Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd.

Fox Factory Trading Down 3.1 %

Shares of FOXF stock opened at $38.42 on Wednesday. The stock’s fifty day moving average price is $44.37 and its two-hundred day moving average price is $46.20. The company has a market cap of $1.60 billion, a PE ratio of 21.46, a P/E/G ratio of 2.76 and a beta of 1.66. Fox Factory has a fifty-two week low of $37.48 and a fifty-two week high of $106.17. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.63 and a current ratio of 3.13.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. Fox Factory had a return on equity of 7.66% and a net margin of 3.07%. The firm had revenue of $348.49 million during the quarter, compared to analyst estimates of $346.22 million. During the same period last year, the company posted $1.21 EPS. The business’s quarterly revenue was down 13.0% on a year-over-year basis. Equities analysts predict that Fox Factory will post 1.56 EPS for the current fiscal year.

Insider Buying and Selling at Fox Factory

In other news, insider Thomas L. Fletcher sold 2,000 shares of the business’s stock in a transaction 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 sale, the insider now owns 11,311 shares of the company’s stock, valued at approximately $502,321.51. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Thomas L. Fletcher sold 2,000 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $44.41, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael C. Dennison bought 4,800 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average cost of $41.44 per share, with a total value of $198,912.00. Following the acquisition, the chief executive officer now directly owns 135,066 shares in the company, valued at approximately $5,597,135.04. The disclosure for this purchase can be found here. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Fox Factory

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC purchased a new stake in Fox Factory in the 4th quarter worth about $29,000. Quest Partners LLC bought a new position in Fox Factory in the 4th quarter worth about $31,000. CWM LLC grew its stake in Fox Factory by 54.1% in the 4th quarter. CWM LLC now owns 624 shares of the company’s stock worth $42,000 after acquiring an additional 219 shares in the last quarter. YHB Investment Advisors Inc. bought a new position in Fox Factory in the 1st quarter worth about $42,000. Finally, TFO Wealth Partners LLC grew its stake in Fox Factory by 14,180.0% in the 4th quarter. TFO Wealth Partners LLC now owns 714 shares of the company’s stock worth $48,000 after acquiring an additional 709 shares in the last quarter.

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.