Fox Factory (NASDAQ:FOXF) Sets New 12-Month Low – Time to Sell?

Fox Factory Holding Corp. (NASDAQ:FOXF) reached a new 52-week low during trading on Tuesday . The company traded as low as $27.25 and last traded at $27.28, with a volume of 452841 shares traded. The stock had previously closed at $27.82.

Wall Street Analyst Weigh In

FOXF has been the topic of several analyst reports. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Truist Financial cut their price target on Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Robert W. Baird lowered their price objective 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. Roth Mkm cut their target price on Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Stifel Nicolaus raised shares of 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. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Fox Factory presently has an average rating of “Hold” and a consensus price target of $40.33.

Fox Factory Trading Down 1.9 %

The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. The company has a market cap of $1.14 billion, a P/E ratio of 104.93, a P/E/G ratio of 2.55 and a beta of 1.60. The business has a fifty day simple moving average of $31.42 and a 200 day simple moving average of $38.45.

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

Hedge Funds Weigh In On Fox Factory

A number of large investors have recently bought and sold shares of FOXF. GAMMA Investing LLC raised its position in shares of Fox Factory by 86.0% during the 3rd quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock worth $25,000 after purchasing an additional 277 shares during the period. KBC Group NV increased its position in Fox Factory by 36.5% in 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 period. Park Avenue Securities LLC lifted its stake in Fox Factory by 7.3% in the third quarter. Park Avenue Securities LLC now owns 6,023 shares of the company’s stock valued at $250,000 after buying an additional 410 shares during the last quarter. FORA Capital LLC boosted its holdings in shares of Fox Factory by 5.9% during the third quarter. FORA Capital LLC now owns 9,117 shares of the company’s stock valued at $378,000 after acquiring an additional 507 shares during the period. Finally, Inspire Investing LLC grew its position in shares of Fox Factory by 7.9% during the second quarter. Inspire Investing LLC now owns 7,318 shares of the company’s stock worth $353,000 after acquiring an additional 533 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.