Brokerages Set Fox Factory Holding Corp. (NASDAQ:FOXF) PT at $40.33

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $40.33.

A number of research analysts have recently commented on the company. Roth Mkm lowered their price target on Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Truist Financial lowered their price target on 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 Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Stifel Nicolaus raised 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. Finally, Robert W. Baird lowered their target price on Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a report on Friday, November 1st.

Hedge Funds Weigh In On Fox Factory

A number of hedge funds and other institutional investors have recently modified their holdings of FOXF. Hsbc Holdings PLC acquired a new position in shares of Fox Factory in the 2nd quarter valued at $268,000. AQR Capital Management LLC boosted its position in shares of Fox Factory by 36.3% in the 2nd quarter. AQR Capital Management LLC now owns 7,132 shares of the company’s stock valued at $342,000 after purchasing an additional 1,901 shares during the period. Creative Planning boosted its position in shares of Fox Factory by 117.5% in the 2nd quarter. Creative Planning now owns 9,053 shares of the company’s stock valued at $436,000 after purchasing an additional 4,890 shares during the period. Truist Financial Corp boosted its position in shares of Fox Factory by 95.2% in the 2nd quarter. Truist Financial Corp now owns 19,753 shares of the company’s stock valued at $952,000 after purchasing an additional 9,632 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Fox Factory by 73.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 64,200 shares of the company’s stock valued at $3,094,000 after purchasing an additional 27,200 shares during the period.

Fox Factory Price Performance

Shares of FOXF opened at $26.63 on Friday. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 102.43, a price-to-earnings-growth ratio of 1.50 and a beta of 1.58. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. Fox Factory has a one year low of $25.59 and a one year high of $69.46. The stock’s fifty day moving average is $29.59 and its 200-day moving average is $36.01.

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.