Robert W. Baird Issues Pessimistic Forecast for Fox Factory (NASDAQ:FOXF) Stock Price

Fox Factory (NASDAQ:FOXF - Get Free Report) had its price objective cut by investment analysts at Robert W. Baird from $32.00 to $25.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Robert W. Baird's price objective would suggest a potential upside of 19.33% from the stock's current price.

FOXF has been the subject of several other research reports. Truist Financial decreased their price target on shares of Fox Factory from $42.00 to $40.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Stifel Nicolaus upgraded 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. Finally, Jefferies Financial Group cut their price target on Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $38.14.

Fox Factory Trading Up 0.2 %

NASDAQ:FOXF traded up $0.04 during trading hours on Friday, reaching $20.95. 1,015,457 shares of the stock were exchanged, compared to its average volume of 612,252. Fox Factory has a twelve month low of $18.69 and a twelve month high of $54.86. The business has a 50-day moving average of $25.79 and a two-hundred day moving average of $31.10. The company has a market capitalization of $873.87 million, a price-to-earnings ratio of 80.58, a PEG ratio of 1.45 and a beta of 1.56. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62.

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Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its earnings results 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 firm had revenue of $352.84 million for the quarter, compared to analyst estimates of $321.31 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. On average, equities analysts predict that Fox Factory will post 1.31 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. William Blair Investment Management LLC boosted its holdings 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 in the last quarter. RWWM Inc. lifted its position in shares of Fox Factory by 174.0% during the 4th quarter. RWWM Inc. now owns 1,997,531 shares of the company's stock worth $60,465,000 after buying an additional 1,268,460 shares during the last quarter. State Street Corp boosted its holdings in shares of Fox Factory by 0.4% in the 3rd quarter. State Street Corp now owns 1,596,222 shares of the company's stock valued at $66,243,000 after buying an additional 6,308 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Fox Factory by 6,413.1% in 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 buying an additional 1,331,480 shares in the last quarter. Finally, Capital World Investors grew its position in shares of Fox Factory by 21.8% in the 4th quarter. Capital World Investors now owns 1,341,155 shares of the company's stock valued at $40,597,000 after buying an additional 240,416 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.