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

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

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

Institutional Investors Weigh In On Fox Factory

Large investors have recently added to or reduced their stakes in the stock. KBC Group NV increased its position in shares of Fox Factory by 36.5% during the third quarter. KBC Group NV now owns 1,377 shares of the company’s stock worth $57,000 after acquiring an additional 368 shares during the period. FORA Capital LLC grew its stake in Fox Factory by 5.9% in the third quarter. FORA Capital LLC now owns 9,117 shares of the company’s stock worth $378,000 after purchasing an additional 507 shares in the last quarter. Diversify Wealth Management LLC increased its holdings in Fox Factory by 10.1% during the 4th 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 period. Swiss National Bank raised its position in Fox Factory by 0.9% during the 4th quarter. Swiss National Bank now owns 82,000 shares of the company’s stock valued at $2,482,000 after purchasing an additional 700 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Fox Factory by 1.8% in the 3rd quarter. Victory Capital Management Inc. now owns 42,891 shares of the company’s stock worth $1,780,000 after buying an additional 772 shares during the period.

Fox Factory Stock Performance

Shares of NASDAQ:FOXF opened at $25.02 on Friday. The firm has a fifty day simple moving average of $26.67 and a two-hundred day simple moving average of $32.15. Fox Factory has a 52 week low of $23.91 and a 52 week high of $54.86. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $1.04 billion, a P/E ratio of 96.23, a PEG ratio of 1.45 and a beta of 1.65.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. The company had revenue of $352.84 million for the quarter, compared to analysts’ expectations of $321.31 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. On average, analysts expect that Fox Factory will post 1.31 earnings per share for the current fiscal year.

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.