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

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) have been assigned an average rating of "Hold" from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $39.14.

Several brokerages recently issued reports on FOXF. Jefferies Financial Group dropped their price target 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. Stifel Nicolaus upgraded shares of Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 price objective on the stock in a research report on Wednesday, December 11th. Robert W. Baird cut their price objective on shares of Fox Factory from $38.00 to $32.00 and set a "neutral" rating for the company in a research report on Friday, February 28th. Truist Financial cut their price target on shares of Fox Factory from $42.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Finally, StockNews.com upgraded Fox Factory from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th.

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Fox Factory Stock Performance

NASDAQ FOXF traded up $0.69 on Friday, reaching $26.16. The stock had a trading volume of 356,719 shares, compared to its average volume of 626,928. The stock has a market cap of $1.09 billion, a P/E ratio of 100.62, a price-to-earnings-growth ratio of 1.45 and a beta of 1.65. Fox Factory has a 12-month low of $23.91 and a 12-month high of $54.86. The business's 50-day moving average price is $26.60 and its 200 day moving average price is $31.91. 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 released its quarterly 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. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The firm had revenue of $352.84 million during the quarter, compared to the consensus estimate of $321.31 million. As a group, equities analysts expect that Fox Factory will post 1.31 earnings per share for the current year.

Hedge Funds Weigh In On Fox Factory

Several hedge funds have recently bought and sold shares of the company. Disciplined Growth Investors Inc. MN purchased a new position in shares of Fox Factory in the third quarter valued at $5,743,000. Caprock Group LLC grew its position in shares of Fox Factory by 133.7% in the fourth quarter. Caprock Group LLC now owns 22,396 shares of the company's stock valued at $678,000 after purchasing an additional 12,813 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Fox Factory by 89.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 68,532 shares of the company's stock worth $2,844,000 after purchasing an additional 32,263 shares in the last quarter. Mutual of America Capital Management LLC lifted 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 valued at $3,168,000 after buying an additional 98,387 shares in the last quarter. Finally, Angeles Wealth Management LLC purchased a new stake in Fox Factory in the 4th quarter valued at approximately $1,710,000.

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.