Fox Factory Holding Corp. (NASDAQ:FOXF) Receives $35.00 Average PT from Brokerages

Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) has been given a consensus rating of "Hold" by the seven ratings firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $36.43.

FOXF has been the topic of several recent research reports. Jefferies Financial Group reduced their price target on Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Robert W. Baird cut their price target on Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. Truist Financial upped their price target on Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Stifel Nicolaus cut their price target on Fox Factory from $40.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th.

Fox Factory Stock Performance

Shares of FOXF traded down $0.01 during trading hours on Monday, hitting $26.32. The company's stock had a trading volume of 568,249 shares, compared to its average volume of 613,066. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 101.23, a PEG ratio of 1.45 and a beta of 1.54. The business has a 50 day simple moving average of $22.41 and a two-hundred day simple moving average of $27.29. Fox Factory has a 52-week low of $17.95 and a 52-week high of $54.86. 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 announced its earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $355.03 million during the quarter, compared to analyst estimates of $330.71 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 earnings per share. On average, equities analysts expect that Fox Factory will post 1.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fox Factory

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Synovus Financial Corp lifted its holdings in shares of Fox Factory by 41.2% in the first quarter. Synovus Financial Corp now owns 10,106 shares of the company's stock worth $236,000 after buying an additional 2,950 shares in the last quarter. Walleye Capital LLC boosted its holdings in Fox Factory by 85.9% during the 1st quarter. Walleye Capital LLC now owns 64,795 shares of the company's stock valued at $1,512,000 after acquiring an additional 29,943 shares during the period. Hotchkis & Wiley Capital Management LLC increased its stake in Fox Factory by 35.6% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 369,230 shares of the company's stock worth $8,618,000 after buying an additional 96,890 shares during the period. AlphaQuest LLC increased its stake in Fox Factory by 1,826.7% in the 1st quarter. AlphaQuest LLC now owns 7,861 shares of the company's stock worth $183,000 after buying an additional 7,453 shares during the period. Finally, Advantage Alpha Capital Partners LP increased its stake in Fox Factory by 27.5% in the 1st quarter. Advantage Alpha Capital Partners LP now owns 86,961 shares of the company's stock worth $2,030,000 after buying an additional 18,740 shares during the period.

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.