Fox Factory (NASDAQ:FOXF) Reaches New 1-Year Low - What's Next?

Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $25.42 and last traded at $25.62, with a volume of 38079 shares trading hands. The stock had previously closed at $25.99.

Analyst Ratings Changes

Several research firms recently issued reports on FOXF. Robert W. Baird cut their price target 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. StockNews.com raised shares of Fox Factory from a "sell" rating to a "hold" rating in a report on Thursday, November 28th. Roth Mkm dropped their target price 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. Stifel Nicolaus raised shares of Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 target price on the stock in a report on Wednesday, December 11th. Finally, Truist Financial dropped their target price on shares of Fox Factory from $42.00 to $40.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $40.33.

Fox Factory Stock Up 0.2 %

The firm's 50-day moving average price is $28.86 and its 200 day moving average price is $35.15. The firm has a market cap of $1.07 billion, a P/E ratio of 98.88, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62.

Hedge Funds Weigh In On Fox Factory

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its position in shares of Fox Factory by 86.0% during the third quarter. GAMMA Investing LLC now owns 599 shares of the company's stock worth $25,000 after acquiring an additional 277 shares during the last quarter. Signaturefd LLC grew its position in Fox Factory by 301.1% in the 3rd quarter. Signaturefd LLC now owns 726 shares of the company's stock valued at $30,000 after buying an additional 545 shares in the last quarter. nVerses Capital LLC bought a new position in Fox Factory in the 3rd quarter valued at about $42,000. KBC Group NV grew its position in Fox Factory by 36.5% in the 3rd quarter. KBC Group NV now owns 1,377 shares of the company's stock valued at $57,000 after buying an additional 368 shares in the last quarter. Finally, TD Waterhouse Canada Inc. bought a new position in Fox Factory in the 4th quarter valued at about $143,000.

Fox Factory Company Profile

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.