Fox Factory (NASDAQ:FOXF) Sets New 12-Month Low at $43.69

Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $43.69 and last traded at $43.91, with a volume of 142696 shares. The stock had previously closed at $46.99.

Wall Street Analysts Forecast Growth

FOXF has been the subject of a number of research analyst reports. StockNews.com lowered shares of Fox Factory from a "hold" rating to a "sell" rating in a research note on Monday, February 26th. Truist Financial cut their price target on shares of Fox Factory from $90.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, February 23rd. Stifel Nicolaus cut their price target on shares of Fox Factory from $69.00 to $56.00 and set a "hold" rating on the stock in a research report on Friday, February 23rd. Finally, Bank of America cut shares of Fox Factory from a "buy" rating to a "neutral" rating and set a $55.00 price target on the stock. in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $68.20.

Fox Factory Stock Performance

The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 3.86 and a beta of 1.64. The stock's 50 day moving average is $54.81 and its 200 day moving average is $66.19. The company has a current ratio of 3.70, a quick ratio of 1.91 and a debt-to-equity ratio of 0.61.

Fox Factory (NASDAQ:FOXF - Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.34). The business had revenue of $332.50 million for the quarter, compared to analyst estimates of $327.07 million. Fox Factory had a return on equity of 13.86% and a net margin of 8.25%. The business's revenue for the quarter was down 18.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.43 EPS. Analysts anticipate that Fox Factory Holding Corp. will post 2.42 earnings per share for the current year.

Hedge Funds Weigh In On Fox Factory

Several large investors have recently modified their holdings of FOXF. Raymond James & Associates raised its stake in shares of Fox Factory by 4.4% during the first quarter. Raymond James & Associates now owns 21,145 shares of the company's stock valued at $2,071,000 after acquiring an additional 888 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Fox Factory by 21.8% during the first quarter. HighTower Advisors LLC now owns 3,363 shares of the company's stock valued at $328,000 after acquiring an additional 601 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Fox Factory by 10.7% during the first quarter. Bank of Montreal Can now owns 3,626 shares of the company's stock valued at $380,000 after acquiring an additional 351 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Fox Factory during the first quarter valued at $946,000. Finally, Rhumbline Advisers raised its stake in shares of Fox Factory by 1.8% during the first quarter. Rhumbline Advisers now owns 114,760 shares of the company's stock valued at $11,241,000 after acquiring an additional 2,044 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.