Brokerages Set Fox Factory Holding Corp. (NASDAQ:FOXF) PT at $39.14

Fox Factory Holding Corp. (NASDAQ:FOXF) has been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $39.14.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FOXF. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Fox Factory by 5.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,410 shares of the company’s stock worth $2,192,000 after purchasing an additional 3,772 shares in the last quarter. Voloridge Investment Management LLC grew its stake in shares of Fox Factory by 31.8% during the fourth quarter. Voloridge Investment Management LLC now owns 617,352 shares of the company’s stock worth $18,687,000 after buying an additional 148,925 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of Fox Factory by 41.4% in the 4th quarter. Squarepoint Ops LLC now owns 88,766 shares of the company’s stock valued at $2,687,000 after acquiring an additional 26,009 shares during the last quarter. Twinbeech Capital LP acquired a new stake in shares of Fox Factory during the 4th quarter valued at $479,000. Finally, Two Sigma Advisers LP bought a new stake in Fox Factory during the 4th quarter worth $378,000.

Fox Factory Price Performance

Fox Factory stock opened at $24.26 on Friday. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 93.31, a PEG ratio of 1.45 and a beta of 1.65. The stock’s 50 day moving average is $26.42 and its 200-day moving average is $31.71. 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 has a 12 month low of $23.80 and a 12 month high of $54.86.

Fox Factory (NASDAQ:FOXF) last posted 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 firm 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%. Equities research analysts expect that Fox Factory will post 1.31 EPS for the current year.

About Fox Factory

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.