Fox Factory (NASDAQ:FOXF) Stock Rating Upgraded by Stifel Nicolaus

Stifel Nicolaus upgraded shares of Fox Factory (NASDAQ:FOXF) from a hold rating to a buy rating in a research report released on Wednesday, Marketbeat Ratings reports. They currently have $40.00 price target on the stock.

Several other analysts also recently issued reports on the stock. Roth Mkm reduced their price target on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. StockNews.com upgraded shares of Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Truist Financial lowered their target price on shares of Fox Factory from $54.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Robert W. Baird cut their price target on Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, Bank of America lowered their price objective 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. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $40.67.

Fox Factory Trading Down 2.6 %

NASDAQ:FOXF opened at $31.30 on Wednesday. The firm has a fifty day simple moving average of $34.99 and a two-hundred day simple moving average of $41.00. Fox Factory has a 12 month low of $30.13 and a 12 month high of $70.13. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 120.39, a PEG ratio of 2.67 and a beta of 1.60. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62.

Fox Factory (NASDAQ:FOXF) last issued its earnings results on Thursday, October 31st. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). The firm had revenue of $359.10 million during the quarter, compared to the consensus estimate of $366.86 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 earnings per share. Analysts expect that Fox Factory will post 1.31 EPS for the current fiscal year.

Institutional Trading of Fox Factory

A number of institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in Fox Factory by 86.0% in the 3rd quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock valued at $25,000 after purchasing an additional 277 shares during the period. Signaturefd LLC boosted its holdings in shares of Fox Factory by 301.1% in the 3rd quarter. Signaturefd LLC now owns 726 shares of the company’s stock worth $30,000 after buying an additional 545 shares during the last quarter. nVerses Capital LLC bought a new position in Fox Factory during the third quarter valued at about $42,000. KBC Group NV increased its holdings in 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 buying an additional 368 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in Fox Factory by 26.5% in the second quarter. Fifth Third Bancorp now owns 1,245 shares of the company’s stock worth $60,000 after acquiring an additional 261 shares during the period.

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.