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

Fox Factory Holding Corp. (NASDAQ:FOXF) has been given an average rating of “Hold” by the five ratings firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $66.00.

Several research analysts have recently commented on the stock. Stifel Nicolaus dropped their price target on shares of Fox Factory from $56.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, April 24th. Truist Financial decreased their target price on Fox Factory from $90.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Bank of America cut shares of Fox Factory from a “buy” rating to a “neutral” rating and set a $55.00 price objective for the company. in a research note on Friday, February 23rd. Finally, StockNews.com downgraded shares of Fox Factory from a “hold” rating to a “sell” rating in a report on Monday, February 26th.

Institutional Investors Weigh In On Fox Factory

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC bought a new stake in Fox Factory in the 4th quarter valued at $29,000. Quest Partners LLC acquired a new position in Fox Factory in the fourth quarter worth about $31,000. Operose Advisors LLC bought a new position in Fox Factory during the third quarter worth about $37,000. Assetmark Inc. boosted its holdings in Fox Factory by 171.4% during the third quarter. Assetmark Inc. now owns 380 shares of the company’s stock valued at $38,000 after purchasing an additional 240 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Fox Factory by 54.1% in the 4th quarter. CWM LLC now owns 624 shares of the company’s stock valued at $42,000 after purchasing an additional 219 shares during the period.

Fox Factory Trading Down 0.1 %

Shares of NASDAQ:FOXF opened at $38.89 on Thursday. Fox Factory has a 12-month low of $37.98 and a 12-month high of $117.68. The company has a quick ratio of 1.91, a current ratio of 3.70 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $1.63 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 3.38 and a beta of 1.64. The firm has a fifty day moving average of $47.04 and a two-hundred day moving average of $60.27.

Fox Factory (NASDAQ:FOXF) last issued its earnings results on Thursday, February 22nd. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.34). The firm had revenue of $332.50 million during the quarter, compared to analysts’ expectations of $327.07 million. Fox Factory had a net margin of 8.25% and a return on equity of 13.86%. The business’s revenue for the quarter was down 18.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.43 EPS. On average, equities analysts expect that Fox Factory will post 2.42 EPS 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.