Stifel Nicolaus Cuts Fox Factory (NASDAQ:FOXF) Price Target to $34.00

Fox Factory (NASDAQ:FOXF - Free Report) had its target price cut by Stifel Nicolaus from $40.00 to $34.00 in a research note published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued reports about the stock. Robert W. Baird dropped their price objective on shares of Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. 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 research note on Friday, February 28th. Finally, Truist Financial decreased their price target on Fox Factory from $42.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $35.00.

Fox Factory Trading Down 2.6 %

NASDAQ FOXF traded down $0.51 during trading on Thursday, hitting $19.11. The stock had a trading volume of 268,725 shares, compared to its average volume of 616,433. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $797.12 million, a PE ratio of 73.50, a PEG ratio of 1.45 and a beta of 1.56. The firm has a 50 day moving average price of $24.57 and a 200 day moving average price of $29.92. Fox Factory has a twelve month low of $17.95 and a twelve month high of $54.86.

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Fox Factory (NASDAQ:FOXF - Get Free Report) last issued 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. The company had revenue of $352.84 million during the quarter, compared to analysts' expectations of $321.31 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. As a group, equities research analysts forecast that Fox Factory will post 1.31 earnings per share for the current year.

Institutional Investors Weigh In On Fox Factory

A number of institutional investors have recently added to or reduced their stakes in FOXF. Raymond James Financial Inc. purchased a new stake in shares of Fox Factory in the fourth quarter valued at approximately $2,543,000. Advantage Alpha Capital Partners LP boosted its position in shares of Fox Factory by 30.8% during the 4th quarter. Advantage Alpha Capital Partners LP now owns 68,221 shares of the company's stock worth $2,065,000 after purchasing an additional 16,081 shares in the last quarter. Caprock Group LLC grew its stake in shares of Fox Factory by 133.7% during the 4th quarter. Caprock Group LLC now owns 22,396 shares of the company's stock worth $678,000 after purchasing an additional 12,813 shares during the period. Mutual of America Capital Management LLC increased its holdings in shares of 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 purchasing an additional 98,387 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Fox Factory by 13.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 622,745 shares of the company's stock valued at $18,850,000 after purchasing an additional 73,110 shares during the period.

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.