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

Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) has been given a consensus recommendation of "Hold" by the seven brokerages that are currently covering the company, MarketBeat Ratings 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 price objective among brokers that have issued ratings on the stock in the last year is $36.43.

Several research firms have weighed in on FOXF. Jefferies Financial Group dropped their price objective on Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a report on Friday, February 28th. Robert W. Baird reduced their price objective on Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. Stifel Nicolaus reduced their price objective on 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, Truist Financial raised their price objective on Fox Factory from $28.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th.

Fox Factory Price Performance

Shares of Fox Factory stock traded up $0.82 during trading on Friday, hitting $27.29. 497,533 shares of the stock traded hands, compared to its average volume of 627,444. 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 has a market cap of $1.14 billion, a price-to-earnings ratio of 104.97, a PEG ratio of 1.45 and a beta of 1.52. The firm's fifty day moving average is $22.57 and its 200-day moving average is $26.10. 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 announced its quarterly earnings data on Thursday, May 8th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The firm had revenue of $355.03 million for the quarter, compared to analyst estimates of $330.71 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The company's revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.29 EPS. Research analysts expect that Fox Factory will post 1.31 EPS for the current fiscal year.

Institutional Trading of Fox Factory

A number of institutional investors and hedge funds have recently modified their holdings of the business. Precision Wealth Strategies LLC increased its holdings in shares of Fox Factory by 6.3% in the 1st quarter. Precision Wealth Strategies LLC now owns 9,321 shares of the company's stock worth $218,000 after purchasing an additional 549 shares in the last quarter. CWM LLC increased its holdings in shares of Fox Factory by 76.2% in the 1st quarter. CWM LLC now owns 1,341 shares of the company's stock worth $31,000 after purchasing an additional 580 shares in the last quarter. Swiss National Bank increased its holdings in shares of Fox Factory by 0.9% in the 4th quarter. Swiss National Bank now owns 82,000 shares of the company's stock worth $2,482,000 after purchasing an additional 700 shares in 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 worth $32,000 after purchasing an additional 807 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Fox Factory by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,039 shares of the company's stock worth $728,000 after purchasing an additional 816 shares in the last quarter.

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.