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

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) have been given a consensus rating of "Hold" by the seven research firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $36.43.

A number of analysts have recently weighed in on the company. Truist Financial increased their price objective on Fox Factory from $28.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday. Stifel Nicolaus decreased their target price on Fox Factory from $40.00 to $34.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Robert W. Baird decreased their target price on Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a report on Friday, April 4th. Finally, Jefferies Financial Group decreased their target price on Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a report on Friday, February 28th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. RWWM Inc. boosted its position in Fox Factory by 79.0% in the first quarter. RWWM Inc. now owns 3,576,560 shares of the company's stock worth $83,477,000 after purchasing an additional 1,579,029 shares during the last quarter. William Blair Investment Management LLC boosted its position in Fox Factory by 17.1% in the fourth quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company's stock worth $90,310,000 after purchasing an additional 434,998 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Fox Factory by 4.2% in the first quarter. The Manufacturers Life Insurance Company now owns 1,409,387 shares of the company's stock worth $32,895,000 after purchasing an additional 57,145 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Fox Factory by 6,413.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,352,242 shares of the company's stock worth $40,932,000 after acquiring an additional 1,331,480 shares during the last quarter. Finally, Capital World Investors increased its stake in Fox Factory by 21.8% in the 4th quarter. Capital World Investors now owns 1,341,155 shares of the company's stock worth $40,597,000 after acquiring an additional 240,416 shares during the last quarter.

Fox Factory Price Performance

Shares of FOXF stock traded up $0.08 during trading on Monday, hitting $25.86. The company had a trading volume of 141,386 shares, compared to its average volume of 612,649. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. The stock's 50-day moving average is $22.40 and its two-hundred day moving average is $27.21. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 99.52, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. Fox Factory has a 52 week low of $17.95 and a 52 week high of $54.86.

Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $355.03 million for the quarter, compared to analysts' expectations of $330.71 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. Fox Factory's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 earnings per share. As a group, analysts predict that Fox Factory will post 1.31 EPS for the current fiscal year.

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.