Brokerages Set Fox Factory Holding Corp. (NASDAQ:FOXF) PT at $40.33

Fox Factory Holding Corp. (NASDAQ:FOXF) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $39.14.

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

Fox Factory Price Performance

Shares of FOXF stock opened at $27.73 on Wednesday. The stock has a 50 day moving average price of $27.88 and a 200 day moving average price of $33.83. The firm has a market capitalization of $1.16 billion, a P/E ratio of 106.66, a P/E/G ratio of 1.45 and a beta of 1.58. 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 52-week low of $25.17 and a 52-week high of $54.85.

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

Institutional Investors Weigh In On Fox Factory

A number of hedge funds have recently made changes to their positions in FOXF. Signaturefd LLC grew its stake in Fox Factory by 301.1% in the third quarter. Signaturefd LLC now owns 726 shares of the company’s stock valued at $30,000 after purchasing an additional 545 shares during the last quarter. KBC Group NV grew its position in shares of 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 buying an additional 368 shares during the last quarter. Quarry LP purchased a new position in shares of Fox Factory in the 4th quarter worth approximately $45,000. TD Waterhouse Canada Inc. bought a new position in shares of Fox Factory during the 4th quarter worth approximately $143,000. Finally, HighTower Advisors LLC lifted its position in Fox Factory by 23.8% during the third quarter. HighTower Advisors LLC now owns 5,880 shares of the company’s stock valued at $243,000 after acquiring an additional 1,131 shares during 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.