Robert W. Baird Has Lowered Expectations for Fox Factory (NASDAQ:FOXF) Stock Price

Fox Factory (NASDAQ:FOXF - Get Free Report) had its price target lowered by analysts at Robert W. Baird from $32.00 to $25.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Robert W. Baird's target price suggests a potential upside of 19.86% from the company's previous close.

FOXF has been the topic of a number of other reports. Truist Financial lowered their target price on shares of Fox Factory from $42.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Jefferies Financial Group dropped their price objective 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. Finally, Stifel Nicolaus upgraded Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 target price for the company in a research note on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $38.14.

Fox Factory Stock Up 13.5 %

Fox Factory stock traded up $2.49 during trading on Friday, reaching $20.86. 319,757 shares of the company's stock were exchanged, compared to its average volume of 612,621. Fox Factory has a 52-week low of $17.94 and a 52-week high of $54.86. The firm has a market cap of $869.99 million, a price-to-earnings ratio of 80.36, a PEG ratio of 1.45 and a beta of 1.56. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. The company's 50-day moving average is $25.21 and its two-hundred day moving average is $30.67.

Fox Factory (NASDAQ:FOXF - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. The business had revenue of $352.84 million during the quarter, compared to the consensus estimate of $321.31 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. On average, analysts predict that Fox Factory will post 1.31 earnings per share for the current year.

Hedge Funds Weigh In On Fox Factory

Several hedge funds have recently added to or reduced their stakes in FOXF. Parallel Advisors LLC raised its position in shares of Fox Factory by 102.4% during the first quarter. Parallel Advisors LLC now owns 5,146 shares of the company's stock worth $120,000 after purchasing an additional 2,604 shares during the period. GAMMA Investing LLC lifted its stake in Fox Factory by 8,164.1% in the 1st quarter. GAMMA Investing LLC now owns 39,585 shares of the company's stock valued at $924,000 after purchasing an additional 39,106 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Fox Factory by 142.8% in the first quarter. Versant Capital Management Inc now owns 1,372 shares of the company's stock valued at $32,000 after buying an additional 807 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Fox Factory by 5.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,410 shares of the company's stock worth $2,192,000 after acquiring an additional 3,772 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its position in Fox Factory by 31.8% during the fourth quarter. Voloridge Investment Management LLC now owns 617,352 shares of the company's stock worth $18,687,000 after purchasing an additional 148,925 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.