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

Fox Factory Holding Corp. (NASDAQ:FOXF) has received a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $46.83.

Several research analysts have recently commented on the company. Stifel Nicolaus decreased their price objective on Fox Factory from $56.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, April 24th. StockNews.com cut shares of Fox Factory from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. B. Riley dropped their price target on Fox Factory from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Truist Financial dropped their price objective on shares of Fox Factory from $60.00 to $50.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Finally, Bank of America decreased their price objective on Fox Factory from $55.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday.

Fox Factory Price Performance

FOXF opened at $45.67 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.85 and a current ratio of 3.43. Fox Factory has a 52-week low of $37.98 and a 52-week high of $117.68. The stock has a market capitalization of $1.90 billion, a P/E ratio of 25.51, a P/E/G ratio of 3.66 and a beta of 1.68. The company’s 50-day simple moving average is $46.13 and its two-hundred day simple moving average is $58.60.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.10. Fox Factory had a net margin of 5.41% and a return on equity of 10.56%. The business had revenue of $333.50 million for the quarter, compared to analysts’ expectations of $327.58 million. During the same quarter last year, the company posted $1.20 EPS. The company’s revenue was down 16.6% compared to the same quarter last year. As a group, analysts predict that Fox Factory will post 2.42 EPS for the current year.

Institutional Trading of Fox Factory

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FirstPurpose Wealth LLC grew its stake in shares of Fox Factory by 6.7% during the third quarter. FirstPurpose Wealth LLC now owns 2,907 shares of the company’s stock valued at $288,000 after buying an additional 183 shares during the last quarter. Mariner LLC grew its position in Fox Factory by 5.1% in the 3rd quarter. Mariner LLC now owns 4,491 shares of the company’s stock valued at $445,000 after acquiring an additional 216 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in Fox Factory by 11.1% in the third quarter. Coldstream Capital Management Inc. now owns 2,167 shares of the company’s stock worth $215,000 after purchasing an additional 217 shares during the period. CWM LLC lifted its position in shares of Fox Factory by 54.1% during the fourth quarter. CWM LLC now owns 624 shares of the company’s stock worth $42,000 after purchasing an additional 219 shares during the last quarter. Finally, Inspire Investing LLC lifted its position in shares of Fox Factory by 8.1% during the third quarter. Inspire Investing LLC now owns 3,111 shares of the company’s stock worth $308,000 after purchasing an additional 234 shares during the last quarter.

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.