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

Fox Factory Holding Corp. (NASDAQ:FOXF) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $40.33.

FOXF has been the topic of several research reports. Stifel Nicolaus upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Wednesday, December 11th. StockNews.com upgraded shares of Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Roth Mkm cut their price target on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Robert W. Baird decreased their price objective on Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, Truist Financial cut their target price on Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th.

Hedge Funds Weigh In On Fox Factory

Several hedge funds and other institutional investors have recently bought and sold shares of FOXF. GAMMA Investing LLC raised its position in shares of Fox Factory by 86.0% in the 3rd quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock worth $25,000 after acquiring an additional 277 shares in the last quarter. Signaturefd LLC lifted 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 buying an additional 545 shares during the period. nVerses Capital LLC acquired a new position in Fox Factory in the third quarter valued at approximately $42,000. KBC Group NV grew its position in shares of Fox Factory by 36.5% during 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 period. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Fox Factory by 734.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,654 shares of the company’s stock valued at $128,000 after acquiring an additional 2,336 shares in the last quarter.

Fox Factory Trading Down 3.6 %

Shares of Fox Factory stock opened at $27.82 on Tuesday. The firm has a market capitalization of $1.16 billion, a PE ratio of 107.00, a price-to-earnings-growth ratio of 2.55 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. The firm’s 50 day moving average is $31.42 and its 200 day moving average is $38.52. Fox Factory has a 1 year low of $27.51 and a 1 year high of $69.46.

Fox Factory (NASDAQ:FOXF) last announced its quarterly 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 firm’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.05 earnings per share. Equities research analysts forecast 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.