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

Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) has earned an average rating of "Hold" from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $36.43.

FOXF has been the topic of several research analyst reports. Robert W. Baird lowered their price objective on Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. Jefferies Financial Group lowered their price target on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Truist Financial raised their price objective on shares of Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, Stifel Nicolaus reduced their target price on shares of 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 Price Performance

Shares of Fox Factory stock opened at $26.36 on Friday. The firm has a market cap of $1.10 billion, a PE ratio of 101.39, a P/E/G ratio of 1.45 and a beta of 1.54. The business has a 50-day moving average price of $22.46 and a 200 day moving average price of $26.25. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. Fox Factory has a twelve month low of $17.95 and a twelve month 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 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The business had revenue of $355.03 million during the quarter, compared to analysts' expectations of $330.71 million. During the same period in the previous year, the business earned $0.29 earnings per share. The business's revenue was up 6.5% compared to the same quarter last year. Sell-side analysts predict that Fox Factory will post 1.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fox Factory

Institutional investors have recently modified their holdings of the company. CWM LLC increased its holdings in Fox Factory by 76.2% in the first quarter. CWM LLC now owns 1,341 shares of the company's stock valued at $31,000 after buying an additional 580 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Fox Factory by 142.8% in the 1st quarter. Versant Capital Management Inc now owns 1,372 shares of the company's stock valued at $32,000 after acquiring an additional 807 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Fox Factory by 254.1% during the 1st quarter. GAMMA Investing LLC now owns 1,696 shares of the company's stock worth $40,000 after acquiring an additional 1,217 shares in the last quarter. Quarry LP acquired a new stake in shares of Fox Factory during the 4th quarter worth about $45,000. Finally, First Horizon Advisors Inc. lifted its stake in Fox Factory by 113.8% during the first quarter. First Horizon Advisors Inc. now owns 1,950 shares of the company's stock worth $46,000 after purchasing an additional 1,038 shares during the last quarter.

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.

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