Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $23.19 and last traded at $23.65, with a volume of 38218 shares. The stock had previously closed at $24.26.
Analyst Upgrades and Downgrades
FOXF has been the topic of a number of recent research reports. Robert W. Baird lowered their price objective on Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a research note on Friday. Stifel Nicolaus upgraded shares of Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 price objective on the stock in a report on Wednesday, December 11th. Jefferies Financial Group cut their price target on shares of 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 reduced their price objective on Fox Factory from $42.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Fox Factory has a consensus rating of "Hold" and a consensus target price of $38.14.
Check Out Our Latest Stock Analysis on Fox Factory
Fox Factory Stock Up 0.2 %
The firm has a 50-day simple moving average of $25.96 and a two-hundred day simple moving average of $31.35. The company has a market cap of $873.87 million, a PE ratio of 80.58, a P/E/G ratio of 1.45 and a beta of 1.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62.
Fox Factory (NASDAQ:FOXF - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The firm had revenue of $352.84 million for the quarter, compared to the consensus estimate of $321.31 million. Research analysts anticipate that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.
Institutional Trading of Fox Factory
Several large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its position in shares of Fox Factory by 7.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 549,635 shares of the company's stock valued at $22,810,000 after acquiring an additional 37,325 shares in the last quarter. FMR LLC raised its position in shares of Fox Factory by 65.8% during the 3rd quarter. FMR LLC now owns 7,674 shares of the company's stock worth $318,000 after buying an additional 3,045 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Fox Factory by 7.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,972 shares of the company's stock valued at $455,000 after purchasing an additional 785 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in Fox Factory by 97.1% during the third quarter. Benjamin Edwards Inc. now owns 11,400 shares of the company's stock worth $473,000 after acquiring an additional 5,617 shares during the period. Finally, Holocene Advisors LP lifted its position in shares of Fox Factory by 19.0% during the 3rd quarter. Holocene Advisors LP now owns 71,756 shares of the company's stock valued at $2,978,000 after acquiring an additional 11,467 shares during the last quarter.
About Fox Factory
(
Get Free Report)
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.
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