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

Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) has been assigned an average recommendation of "Hold" from the six analysts that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $40.33.

Several equities analysts have recently commented on FOXF shares. Roth Mkm decreased their price objective on shares of Fox Factory from $45.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. Robert W. Baird reduced their price objective on Fox Factory from $45.00 to $38.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. Bank of America lowered their target price on Fox Factory from $53.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, September 12th. StockNews.com raised Fox Factory from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Finally, Stifel Nicolaus raised Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 price objective for the company in a research report on Wednesday, December 11th.

Fox Factory Trading Down 1.8 %

NASDAQ:FOXF traded down $0.54 on Tuesday, hitting $29.61. The stock had a trading volume of 344,002 shares, compared to its average volume of 443,976. The company has a fifty day moving average price of $31.85 and a two-hundred day moving average price of $38.89. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 113.89, a PEG ratio of 2.55 and a beta of 1.60. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. Fox Factory has a 1-year low of $28.33 and a 1-year high of $69.46.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.07). Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The business had revenue of $359.10 million during the quarter, compared to analysts' expectations of $366.86 million. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company's revenue was up 8.4% on a year-over-year basis. Equities research analysts expect that Fox Factory will post 1.31 earnings per share for the current fiscal year.

Institutional Trading of Fox Factory

Several institutional investors have recently modified their holdings of FOXF. Victory Capital Management Inc. boosted its stake in Fox Factory by 223.3% in the second quarter. Victory Capital Management Inc. now owns 42,119 shares of the company's stock valued at $2,030,000 after acquiring an additional 29,092 shares in the last quarter. Van Berkom & Associates Inc. boosted its position in shares of Fox Factory by 1.5% in the 2nd quarter. Van Berkom & Associates Inc. now owns 913,452 shares of the company's stock valued at $44,019,000 after purchasing an additional 13,936 shares during the period. Malaga Cove Capital LLC grew its stake in Fox Factory by 63.2% during the 2nd quarter. Malaga Cove Capital LLC now owns 9,379 shares of the company's stock worth $452,000 after buying an additional 3,631 shares during the last quarter. AGF Management Ltd. increased its position in Fox Factory by 11.6% during the second quarter. AGF Management Ltd. now owns 52,070 shares of the company's stock worth $2,509,000 after buying an additional 5,423 shares during the period. Finally, Zions Bancorporation N.A. lifted its stake in Fox Factory by 46.9% in the second quarter. Zions Bancorporation N.A. now owns 26,422 shares of the company's stock valued at $1,273,000 after buying an additional 8,434 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.