Fox Factory Holding Corp. (NASDAQ:FOXF) Given Average Rating of “Hold” by Brokerages

Fox Factory Holding Corp. (NASDAQ:FOXF) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $46.17.

Several equities research analysts recently issued reports on the stock. B. Riley cut their price objective on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Truist Financial decreased their price objective on Fox Factory from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Bank of America cut their target price on Fox Factory from $53.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Finally, Robert W. Baird lowered their price target on Fox Factory from $48.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, August 2nd.

Fox Factory Stock Performance

FOXF opened at $41.81 on Friday. The firm has a market capitalization of $1.74 billion, a PE ratio of 23.36, a PEG ratio of 2.92 and a beta of 1.63. The company has a current ratio of 3.13, a quick ratio of 1.63 and a debt-to-equity ratio of 0.61. Fox Factory has a twelve month low of $34.56 and a twelve month high of $100.82. The firm’s 50-day moving average price is $42.01 and its 200 day moving average price is $44.77.

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

Insiders Place Their Bets

In other Fox Factory news, CEO Michael C. Dennison acquired 4,800 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average price of $41.44 per share, for a total transaction of $198,912.00. Following the completion of the acquisition, the chief executive officer now owns 135,066 shares of the company’s stock, valued at approximately $5,597,135.04. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.30% of the company’s stock.

Institutional Trading of Fox Factory

Large investors have recently modified their holdings of the stock. Quest Partners LLC acquired a new stake in Fox Factory in the fourth quarter valued at approximately $31,000. YHB Investment Advisors Inc. purchased a new stake in shares of Fox Factory in the 1st quarter valued at approximately $42,000. TFO Wealth Partners LLC raised its holdings in shares of Fox Factory by 14,180.0% in the 4th quarter. TFO Wealth Partners LLC now owns 714 shares of the company’s stock valued at $48,000 after purchasing an additional 709 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Fox Factory by 26.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,245 shares of the company’s stock worth $60,000 after purchasing an additional 261 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of Fox Factory by 31.8% during the first quarter. Covestor Ltd now owns 1,518 shares of the company’s stock worth $79,000 after purchasing an additional 366 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.