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

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) have received a consensus recommendation of "Hold" from the seven analysts that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $39.14.

A number of research firms have recently issued reports on FOXF. Roth Mkm cut their target price on shares of Fox Factory from $45.00 to $36.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. Stifel Nicolaus upgraded shares of Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 target price for the company in a research note on Wednesday, December 11th. Robert W. Baird cut their target price on shares of Fox Factory from $38.00 to $32.00 and set a "neutral" rating for the company in a research note on Friday. StockNews.com upgraded shares of Fox Factory from a "sell" rating to a "hold" rating in a research note on Thursday, November 28th. Finally, Truist Financial cut their target price on shares of Fox Factory from $42.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th.

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Fox Factory Stock Up 8.8 %

Fox Factory stock traded up $2.25 during mid-day trading on Wednesday, reaching $27.73. The company's stock had a trading volume of 1,433,030 shares, compared to its average volume of 507,919. The business's 50 day simple moving average is $27.88 and its 200 day simple moving average is $33.83. Fox Factory has a 12 month low of $25.17 and a 12 month high of $54.85. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 106.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.58. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21.

Fox Factory (NASDAQ:FOXF - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS 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 the consensus estimate of $321.31 million. As a group, research analysts anticipate that Fox Factory will post 1.31 earnings per share for the current year.

Hedge Funds Weigh In On Fox Factory

Hedge funds have recently bought and sold shares of the company. Signaturefd LLC increased its holdings in Fox Factory by 301.1% in the 3rd quarter. Signaturefd LLC now owns 726 shares of the company's stock valued at $30,000 after buying an additional 545 shares during the period. Quarry LP bought a new position in Fox Factory in the 4th quarter valued at about $45,000. KBC Group NV increased its holdings in Fox Factory by 36.5% in the 3rd quarter. KBC Group NV now owns 1,377 shares of the company's stock valued at $57,000 after buying an additional 368 shares during the period. TD Waterhouse Canada Inc. bought a new position in Fox Factory in the 4th quarter valued at about $143,000. Finally, Magnetar Financial LLC bought a new position in Fox Factory in the 4th quarter valued at about $206,000.

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.