Analysts Set Fox Factory Holding Corp. (NASDAQ:FOXF) Target Price at $39.14

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

A number of research firms have weighed in on FOXF. Truist Financial reduced their target price on Fox Factory from $42.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Jefferies Financial Group reduced their price target on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Robert W. Baird lowered 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. StockNews.com raised shares of Fox Factory from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Finally, Stifel Nicolaus upgraded Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 price target for the company in a report on Wednesday, December 11th.

Remove Ads

Fox Factory Trading Down 1.2 %

FOXF stock traded down $0.31 during mid-day trading on Friday, reaching $25.47. 528,136 shares of the stock traded hands, compared to its average volume of 628,114. The business has a 50-day moving average price of $26.60 and a two-hundred day moving average price of $31.91. The stock has a market capitalization of $1.06 billion, a PE ratio of 97.97, a PEG ratio of 1.45 and a beta of 1.65. 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 has a one year low of $23.91 and a one year high of $54.86.

Fox Factory (NASDAQ:FOXF - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. The business had revenue of $352.84 million during the quarter, compared to the consensus estimate of $321.31 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. Equities research analysts expect that Fox Factory will post 1.31 EPS for the current year.

Hedge Funds Weigh In On Fox Factory

Institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its position in Fox Factory by 6,413.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,352,242 shares of the company's stock valued at $40,932,000 after acquiring an additional 1,331,480 shares in the last quarter. RWWM Inc. boosted its position in Fox Factory by 174.0% during the fourth quarter. RWWM Inc. now owns 1,997,531 shares of the company's stock valued at $60,465,000 after purchasing an additional 1,268,460 shares in the last quarter. Nantahala Capital Management LLC bought a new stake in Fox Factory during the fourth quarter valued at about $19,252,000. William Blair Investment Management LLC grew its stake in Fox Factory by 17.1% in the fourth quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company's stock valued at $90,310,000 after purchasing an additional 434,998 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Fox Factory by 722.1% in the fourth quarter. Millennium Management LLC now owns 391,403 shares of the company's stock worth $11,848,000 after purchasing an additional 343,793 shares in 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.