Fox Factory (NASDAQ:FOXF) Given New $25.00 Price Target at Robert W. Baird

Fox Factory (NASDAQ:FOXF) had its price objective cut by Robert W. Baird from $32.00 to $25.00 in a report published on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Truist Financial lowered their price objective on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Jefferies Financial Group lowered their price target on shares of Fox Factory from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Finally, Stifel Nicolaus raised Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Wednesday, December 11th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fox Factory presently has an average rating of “Hold” and an average target price of $38.14.

Fox Factory Stock Performance

NASDAQ FOXF opened at $20.95 on Friday. Fox Factory has a 52-week low of $18.69 and a 52-week high of $54.86. The company has a fifty day moving average of $25.79 and a 200-day moving average of $31.22. The company has a market capitalization of $873.87 million, a P/E ratio of 80.58, a P/E/G ratio of 1.45 and a beta of 1.65. 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 (NASDAQ:FOXF) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. The firm had revenue of $352.84 million during the quarter, compared to analyst estimates of $321.31 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. As a group, equities research analysts predict that Fox Factory will post 1.31 EPS for the current fiscal year.

Institutional Trading of Fox Factory

A number of institutional investors have recently modified their holdings of FOXF. Versant Capital Management Inc raised its position in Fox Factory by 142.8% during the 1st quarter. Versant Capital Management Inc now owns 1,372 shares of the company’s stock valued at $32,000 after purchasing an additional 807 shares during the last quarter. Quarry LP bought a new position in shares of Fox Factory during the fourth quarter valued at approximately $45,000. KBC Group NV lifted its stake in Fox Factory by 80.4% in the fourth quarter. KBC Group NV now owns 2,484 shares of the company’s stock worth $75,000 after acquiring an additional 1,107 shares during the period. TD Waterhouse Canada Inc. bought a new stake in Fox Factory in the fourth quarter valued at $143,000. Finally, HighTower Advisors LLC increased its position in Fox Factory by 23.8% during the 3rd quarter. HighTower Advisors LLC now owns 5,880 shares of the company’s stock valued at $243,000 after purchasing an additional 1,131 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.