Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report)'s stock price traded down 7.3% on Friday . The stock traded as low as $24.02 and last traded at $23.86. 142,627 shares were traded during trading, a decline of 78% from the average session volume of 637,248 shares. The stock had previously closed at $25.74.
Analyst Ratings Changes
Several analysts recently issued reports on FOXF shares. Jefferies Financial Group lowered their price target on Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a report on Friday, February 28th. Truist Financial lowered their target price on Fox Factory from $42.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Stifel Nicolaus raised Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 price target on the stock in a research report on Wednesday, December 11th. Finally, Robert W. Baird lowered their price objective on shares of Fox Factory from $38.00 to $32.00 and set a "neutral" rating for the company in a research report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $39.14.
Check Out Our Latest Stock Report on FOXF
Fox Factory Stock Performance
The company has a market capitalization of $978.15 million, a price-to-earnings ratio of 90.20, a price-to-earnings-growth ratio of 1.45 and a beta of 1.65. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. The stock has a 50-day simple moving average of $26.19 and a 200-day simple moving average of $31.47.
Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. The firm had revenue of $352.84 million for 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%. On average, analysts anticipate that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of FOXF. Diversify Wealth Management LLC increased its holdings in shares of Fox Factory by 10.1% in the 4th quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company's stock valued at $207,000 after acquiring an additional 680 shares during the last quarter. Swiss National Bank increased its stake in Fox Factory by 0.9% during the fourth quarter. Swiss National Bank now owns 82,000 shares of the company's stock valued at $2,482,000 after purchasing an additional 700 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Fox Factory by 7.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,972 shares of the company's stock worth $455,000 after purchasing an additional 785 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Fox Factory by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,039 shares of the company's stock worth $728,000 after buying an additional 816 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Fox Factory by 80.4% in the 4th quarter. KBC Group NV now owns 2,484 shares of the company's stock valued at $75,000 after buying an additional 1,107 shares during the period.
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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