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

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) have earned a consensus rating of "Hold" from the six research firms that are covering the firm, MarketBeat Ratings reports. Four equities 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 brokers that have issued ratings on the stock in the last year is $40.33.

Several research firms have issued reports on FOXF. Roth Mkm cut their price objective on Fox Factory from $45.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Robert W. Baird cut their price target on shares of Fox Factory from $45.00 to $38.00 and set a "neutral" rating for the company in a report on Friday, November 1st. StockNews.com raised shares of Fox Factory from a "sell" rating to a "hold" rating in a research note on Thursday, November 28th. 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. Finally, Truist Financial decreased their price target 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.

Fox Factory Price Performance

Shares of FOXF traded up $0.94 during mid-day trading on Friday, reaching $26.85. The company had a trading volume of 548,533 shares, compared to its average volume of 444,806. The company's 50-day moving average is $29.70 and its 200-day moving average is $36.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The company has a market capitalization of $1.12 billion, a P/E ratio of 103.27, a P/E/G ratio of 1.50 and a beta of 1.58. Fox Factory has a twelve month low of $25.59 and a twelve month high of $69.46.

Institutional Trading of Fox Factory

Several hedge funds have recently modified their holdings of the stock. State Street Corp lifted its position in Fox Factory by 0.4% during the 3rd quarter. State Street Corp now owns 1,596,222 shares of the company's stock valued at $66,243,000 after purchasing an additional 6,308 shares during the period. Geode Capital Management LLC lifted its holdings in 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 buying an additional 8,474 shares during the period. ArrowMark Colorado Holdings LLC boosted its stake in Fox Factory by 15.9% in the third quarter. ArrowMark Colorado Holdings LLC now owns 927,006 shares of the company's stock valued at $38,471,000 after acquiring an additional 127,187 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Fox Factory by 7.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 549,635 shares of the company's stock worth $22,810,000 after acquiring an additional 37,325 shares during the period. Finally, Royce & Associates LP raised its position in shares of Fox Factory by 5.7% during the 3rd quarter. Royce & Associates LP now owns 302,349 shares of the company's stock valued at $12,547,000 after acquiring an additional 16,410 shares during the last quarter.

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.