Jefferies Financial Group Lowers Fox Factory (NASDAQ:FOXF) Price Target to $38.00

Fox Factory (NASDAQ:FOXF - Free Report) had its price target trimmed by Jefferies Financial Group from $45.00 to $38.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on FOXF. StockNews.com upgraded shares of Fox Factory from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Truist Financial reduced their price target on shares of Fox Factory from $42.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Robert W. Baird dropped their price objective on shares of Fox Factory from $38.00 to $32.00 and set a "neutral" rating for the company in a report on Friday. Roth Mkm dropped their price objective 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. Finally, Stifel Nicolaus upgraded shares of 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. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $39.14.

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Fox Factory Stock Down 4.1 %

Shares of NASDAQ FOXF traded down $1.11 during trading on Friday, reaching $26.14. The company had a trading volume of 642,248 shares, compared to its average volume of 518,760. Fox Factory has a 12-month low of $25.17 and a 12-month high of $54.85. The stock has a market cap of $1.09 billion, a PE ratio of 100.54, a P/E/G ratio of 1.45 and a beta of 1.58. The business's 50-day moving average is $27.80 and its 200 day moving average is $33.56. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62.

Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.02. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The company had revenue of $352.84 million for the quarter, compared to the consensus estimate of $321.31 million. As a group, equities analysts forecast that Fox Factory will post 1.31 earnings per share for the current fiscal year.

Institutional Trading of Fox Factory

Hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Fox Factory by 5.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,410 shares of the company's stock valued at $2,192,000 after purchasing an additional 3,772 shares during the last quarter. Voloridge Investment Management LLC lifted its holdings in Fox Factory by 31.8% in the fourth quarter. Voloridge Investment Management LLC now owns 617,352 shares of the company's stock worth $18,687,000 after purchasing an additional 148,925 shares during the period. Squarepoint Ops LLC lifted its holdings in Fox Factory by 41.4% in the fourth quarter. Squarepoint Ops LLC now owns 88,766 shares of the company's stock worth $2,687,000 after purchasing an additional 26,009 shares during the period. Twinbeech Capital LP acquired a new stake in Fox Factory in the 4th quarter valued at about $479,000. Finally, Two Sigma Advisers LP acquired a new stake in Fox Factory in the 4th quarter valued at about $378,000.

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.