Analysts Set Fox Factory Holding Corp. (NASDAQ:FOXF) Price Target at $40.33

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have been given an average rating of “Hold” by the six brokerages that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $40.33.

A number of research firms have weighed in on FOXF. Robert W. Baird dropped their price target on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus raised shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Wednesday, December 11th. StockNews.com upgraded Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Truist Financial lowered their price objective on Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Finally, Roth Mkm cut their target price on Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, November 1st.

Institutional Investors Weigh In On Fox Factory

Several large investors have recently made changes to their positions in the company. State Street Corp increased its stake in Fox Factory by 0.4% in the 3rd quarter. State Street Corp now owns 1,596,222 shares of the company’s stock worth $66,243,000 after acquiring an additional 6,308 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Fox Factory by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,002,109 shares of the company’s stock valued at $41,595,000 after purchasing an additional 8,474 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its position in Fox Factory by 15.9% in the third quarter. ArrowMark Colorado Holdings LLC now owns 927,006 shares of the company’s stock worth $38,471,000 after purchasing an additional 127,187 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Fox Factory by 13.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 622,745 shares of the company’s stock valued at $18,850,000 after purchasing an additional 73,110 shares in the last quarter. Finally, Royce & Associates LP lifted its position in Fox Factory by 5.7% during the third quarter. Royce & Associates LP now owns 302,349 shares of the company’s stock valued at $12,547,000 after purchasing an additional 16,410 shares during the last quarter.

Fox Factory Trading Down 1.8 %

Shares of NASDAQ:FOXF opened at $25.80 on Friday. The stock has a 50 day moving average of $29.47 and a 200 day moving average of $35.94. The company has a market cap of $1.08 billion, a PE ratio of 99.23, a price-to-earnings-growth ratio of 1.50 and a beta of 1.58. Fox Factory has a 12-month low of $25.55 and a 12-month high of $69.46. 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 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.