Fox Factory Holding Corp. (NASDAQ:FOXF) Given Average Rating of "Hold" by Analysts

Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) has received an average recommendation of "Hold" from the six analysts that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $46.17.

FOXF has been the subject of a number of analyst reports. Robert W. Baird lowered their price target on Fox Factory from $48.00 to $45.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Truist Financial dropped their price target on shares of Fox Factory from $55.00 to $54.00 and set a "buy" rating on the stock in a research report on Friday, August 2nd. Bank of America reduced their price objective on shares of Fox Factory from $53.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, September 12th. Finally, B. Riley decreased their price target on Fox Factory from $50.00 to $45.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd.

Insiders Place Their Bets

In other Fox Factory news, CEO Michael C. Dennison bought 4,800 shares of the business's stock in a transaction on Tuesday, August 6th. The stock was purchased at an average price of $41.44 per share, for a total transaction of $198,912.00. Following the completion of the transaction, the chief executive officer now directly owns 135,066 shares of the company's stock, valued at $5,597,135.04. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.30% of the company's stock.

Hedge Funds Weigh In On Fox Factory

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in Fox Factory by 86.0% in the 3rd quarter. GAMMA Investing LLC now owns 599 shares of the company's stock worth $25,000 after purchasing an additional 277 shares during the period. Signaturefd LLC boosted its position in shares of Fox Factory by 301.1% in the third quarter. Signaturefd LLC now owns 726 shares of the company's stock valued at $30,000 after acquiring an additional 545 shares during the period. nVerses Capital LLC bought a new stake in Fox Factory during the 3rd quarter worth approximately $42,000. Fifth Third Bancorp grew its position in shares of Fox Factory by 26.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,245 shares of the company's stock valued at $60,000 after purchasing an additional 261 shares in the last quarter. Finally, Covestor Ltd increased its holdings in shares of Fox Factory by 31.8% in the first quarter. Covestor Ltd now owns 1,518 shares of the company's stock worth $79,000 after purchasing an additional 366 shares during the period.

Fox Factory Stock Up 0.7 %

Shares of NASDAQ:FOXF traded up $0.26 during trading on Thursday, reaching $37.28. 223,610 shares of the stock were exchanged, compared to its average volume of 571,684. Fox Factory has a 1-year low of $34.56 and a 1-year high of $86.14. The stock has a fifty day moving average of $40.05 and a two-hundred day moving average of $43.60. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.13 and a quick ratio of 1.63. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 2.67 and a beta of 1.64.

Fox Factory (NASDAQ:FOXF - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.03. Fox Factory had a net margin of 3.07% and a return on equity of 7.66%. The firm had revenue of $348.49 million for the quarter, compared to analyst estimates of $346.22 million. During the same period last year, the firm earned $1.21 earnings per share. The business's quarterly revenue was down 13.0% compared to the same quarter last year. Research analysts anticipate that Fox Factory will post 1.56 earnings per share for the current fiscal year.

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.