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

Fox Factory Holding Corp. (NASDAQ:FOXF) has been assigned a consensus rating of “Hold” from the seven research firms that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $35.00.

A number of equities analysts have issued reports on FOXF shares. Jefferies Financial Group cut their target price on Fox Factory from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Robert W. Baird cut their price target on shares of Fox Factory from $32.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, April 4th. Truist Financial decreased their price objective on shares of Fox Factory from $40.00 to $24.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Stifel Nicolaus cut their target price on shares of Fox Factory from $40.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th.

Hedge Funds Weigh In On Fox Factory

A number of hedge funds and other institutional investors have recently bought and sold shares of FOXF. FMR LLC boosted its position in Fox Factory by 65.8% during the 3rd quarter. FMR LLC now owns 7,674 shares of the company’s stock valued at $318,000 after purchasing an additional 3,045 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Fox Factory by 23.8% during the third quarter. HighTower Advisors LLC now owns 5,880 shares of the company’s stock valued at $243,000 after acquiring an additional 1,131 shares during the period. State Street Corp grew its position in shares of Fox Factory by 0.4% during the third 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. MML Investors Services LLC boosted its stake in Fox Factory by 13.1% during the 3rd quarter. MML Investors Services LLC now owns 26,050 shares of the company’s stock valued at $1,081,000 after purchasing an additional 3,018 shares during the period. Finally, Barclays PLC raised its holdings in shares of Fox Factory by 474.7% during the third quarter. Barclays PLC now owns 122,806 shares of the company’s stock valued at $5,097,000 after buying an additional 101,437 shares during the last quarter.

Fox Factory Price Performance

Shares of FOXF stock opened at $20.35 on Thursday. The firm has a fifty day simple moving average of $23.72 and a 200-day simple moving average of $29.06. The company has a market capitalization of $848.84 million, a PE ratio of 78.27, a price-to-earnings-growth ratio of 1.45 and a beta of 1.56. Fox Factory has a twelve month low of $17.95 and a twelve month high of $54.86. 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 (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The company had revenue of $352.84 million during the quarter, compared to analysts’ expectations of $321.31 million. Equities research analysts anticipate that Fox Factory will post 1.31 earnings per share for the current fiscal 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.