Fox Factory Holding Corp. (NASDAQ:FOXF) Receives Consensus Recommendation of "Hold" from Brokerages

Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) has received an average rating of "Hold" from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $35.00.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FOXF. Raymond James Financial Inc. purchased a new stake in Fox Factory in the 4th quarter worth approximately $2,543,000. Advantage Alpha Capital Partners LP lifted its stake in shares of Fox Factory by 30.8% during the 4th quarter. Advantage Alpha Capital Partners LP now owns 68,221 shares of the company's stock valued at $2,065,000 after buying an additional 16,081 shares in the last quarter. Caprock Group LLC boosted its holdings in Fox Factory by 133.7% in the 4th quarter. Caprock Group LLC now owns 22,396 shares of the company's stock worth $678,000 after buying an additional 12,813 shares during the period. Mutual of America Capital Management LLC increased its stake in Fox Factory by 1,569.2% in the 4th quarter. Mutual of America Capital Management LLC now owns 104,657 shares of the company's stock worth $3,168,000 after buying an additional 98,387 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings 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 acquiring an additional 73,110 shares during the period.

Fox Factory Stock Down 0.4 %

Shares of NASDAQ FOXF traded down $0.07 during midday trading on Thursday, hitting $19.59. The stock had a trading volume of 621,299 shares, compared to its average volume of 619,374. The company has a market cap of $817.14 million, a P/E ratio of 75.35, a PEG ratio of 1.45 and a beta of 1.56. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. The business's 50 day moving average is $23.94 and its 200-day moving average is $29.18. Fox Factory has a 52 week low of $17.95 and a 52 week high of $54.86.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. The business had revenue of $352.84 million for the quarter, compared to the consensus estimate of $321.31 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. As a group, analysts predict that Fox Factory will post 1.31 EPS for the current 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.