Fox Factory (NASDAQ:FOXF) Sets New 12-Month Low - Time to Sell?

Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $26.30 and last traded at $25.85, with a volume of 9621 shares trading hands. The stock had previously closed at $27.32.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Truist Financial cut their price objective on Fox Factory from $42.00 to $40.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. StockNews.com upgraded Fox Factory from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Stifel Nicolaus raised shares of Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 target price for the company in a report on Wednesday, December 11th. Robert W. Baird reduced their target price on shares of Fox Factory from $45.00 to $38.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. Finally, Roth Mkm lowered their price target on shares of Fox Factory from $45.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $40.33.

Fox Factory Price Performance

The stock has a 50-day moving average price of $29.59 and a two-hundred day moving average price of $36.01. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 101.08, a PEG ratio of 1.50 and a beta of 1.58. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62.

Institutional Investors Weigh In On Fox Factory

Large investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. lifted its stake in Fox Factory by 595.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 247,435 shares of the company's stock valued at $7,490,000 after acquiring an additional 211,864 shares during the period. JPMorgan Chase & Co. grew its stake in Fox Factory by 271.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company's stock valued at $7,921,000 after acquiring an additional 139,512 shares during the period. Disciplined Growth Investors Inc. MN purchased a new stake in shares of Fox Factory during the third quarter worth about $5,743,000. ArrowMark Colorado Holdings LLC raised its holdings in shares of Fox Factory by 15.9% during 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. Finally, Barclays PLC raised its stake in Fox Factory by 474.7% in the 3rd quarter. Barclays PLC now owns 122,806 shares of the company's stock valued at $5,097,000 after purchasing an additional 101,437 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.