Fox Factory Holding Corp. (NASDAQ:FOXF) Receives $36.43 Consensus Price Target from Analysts

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) have earned a consensus recommendation of "Hold" from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $36.43.

Several brokerages have recently commented on FOXF. Truist Financial lifted their target price on Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Stifel Nicolaus reduced their price objective on shares of Fox Factory from $40.00 to $34.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Robert W. Baird dropped their price objective on shares of Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th.

Institutional Investors Weigh In On Fox Factory

A number of institutional investors have recently modified their holdings of FOXF. Principal Financial Group Inc. raised its stake in Fox Factory by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 225,167 shares of the company's stock worth $6,816,000 after purchasing an additional 8,162 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Fox Factory by 18.8% during the fourth quarter. Handelsbanken Fonder AB now owns 15,830 shares of the company's stock worth $479,000 after purchasing an additional 2,500 shares during the period. Mutual of America Capital Management LLC raised its position in shares of Fox Factory by 1,569.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 104,657 shares of the company's stock valued at $3,168,000 after buying an additional 98,387 shares in the last quarter. Bridges Investment Management Inc. boosted its stake in shares of Fox Factory by 151.5% in the fourth quarter. Bridges Investment Management Inc. now owns 27,856 shares of the company's stock valued at $843,000 after buying an additional 16,779 shares during the period. Finally, Norden Group LLC grew its position in Fox Factory by 24.3% during the fourth quarter. Norden Group LLC now owns 16,163 shares of the company's stock worth $489,000 after buying an additional 3,165 shares in the last quarter.

Fox Factory Stock Down 1.8%

FOXF stock traded down $0.51 during midday trading on Tuesday, hitting $28.02. The company's stock had a trading volume of 256,346 shares, compared to its average volume of 603,484. The company's fifty day moving average price is $24.72 and its 200 day moving average price is $25.46. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.18 and a quick ratio of 1.36. Fox Factory has a twelve month low of $17.95 and a twelve month high of $54.86. The stock has a market capitalization of $1.17 billion, a P/E ratio of -4.68 and a beta of 1.50.

Fox Factory (NASDAQ:FOXF - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. Fox Factory had a positive return on equity of 4.70% and a negative net margin of 17.64%. The business had revenue of $355.03 million for the quarter, compared to the consensus estimate of $330.71 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. Fox Factory's quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts predict that Fox Factory will post 1.31 EPS for the current 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.