Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $41.02 and last traded at $41.19, with a volume of 519127 shares trading hands. The stock had previously closed at $41.83.
Wall Street Analyst Weigh In
A number of equities analysts have commented on FOXF shares. Stifel Nicolaus reduced their target price on shares of Fox Factory from $69.00 to $56.00 and set a "hold" rating for the company in a report on Friday, February 23rd. StockNews.com downgraded Fox Factory from a "hold" rating to a "sell" rating in a report on Monday, February 26th. Truist Financial dropped their price target on Fox Factory from $90.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, February 23rd. Finally, Bank of America lowered shares of Fox Factory from a "buy" rating to a "neutral" rating and set a $55.00 price objective for the company. in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Fox Factory presently has an average rating of "Hold" and an average price target of $68.20.
Get Our Latest Stock Analysis on FOXF
Fox Factory Stock Down 1.5 %
The company has a debt-to-equity ratio of 0.61, a current ratio of 3.70 and a quick ratio of 1.91. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 3.55 and a beta of 1.64. The business has a fifty day moving average price of $52.30 and a two-hundred day moving average price of $64.09.
Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.34). The business had revenue of $332.50 million during 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%. Fox Factory's quarterly revenue was down 18.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.43 EPS. On average, equities analysts expect that Fox Factory Holding Corp. will post 2.42 earnings per share for the current year.
Institutional Trading of Fox Factory
A number of hedge funds have recently modified their holdings of FOXF. Vanguard Group Inc. grew its position in Fox Factory by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 4,242,423 shares of the company's stock valued at $286,279,000 after buying an additional 46,132 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Fox Factory by 0.9% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,676,115 shares of the company's stock valued at $364,229,000 after purchasing an additional 33,703 shares in the last quarter. FIL Ltd raised its holdings in Fox Factory by 99.4% in the 4th quarter. FIL Ltd now owns 1,695,034 shares of the company's stock worth $114,381,000 after purchasing an additional 844,972 shares during the period. Clearbridge Investments LLC boosted its position in Fox Factory by 0.3% during the first quarter. Clearbridge Investments LLC now owns 1,600,160 shares of the company's stock worth $156,736,000 after purchasing an additional 4,061 shares in the last quarter. Finally, State Street Corp boosted its position in Fox Factory by 0.3% during the second quarter. State Street Corp now owns 1,377,776 shares of the company's stock worth $149,502,000 after purchasing an additional 4,399 shares in the last quarter.
About Fox Factory
(
Get Free Report)
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.
Further Reading
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