Fox Factory (NASDAQ:FOXF) Sets New 1-Year Low at $38.67

Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $38.67 and last traded at $39.08, with a volume of 80691 shares changing hands. The stock had previously closed at $40.22.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FOXF. Stifel Nicolaus decreased their target price on shares of Fox Factory from $56.00 to $45.00 and set a "hold" rating on the stock in a research report on Wednesday, April 24th. StockNews.com cut Fox Factory from a "hold" rating to a "sell" rating in a report on Monday, February 26th. Truist Financial cut their target price on Fox Factory from $90.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, February 23rd. Finally, Bank of America downgraded Fox Factory from a "buy" rating to a "neutral" rating and set a $55.00 price target for the company. in a research note 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, Fox Factory presently has a consensus rating of "Hold" and an average price target of $66.00.

Fox Factory Stock Performance

The stock has a market cap of $1.63 billion, a P/E ratio of 14.11, a PEG ratio of 3.40 and a beta of 1.64. 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 stock has a 50-day simple moving average of $48.10 and a 200-day simple moving average of $60.80.

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

Hedge Funds Weigh In On Fox Factory

Large investors have recently bought and sold shares of the company. FirstPurpose Wealth LLC increased its stake in shares of Fox Factory by 6.7% in the third quarter. FirstPurpose Wealth LLC now owns 2,907 shares of the company's stock valued at $288,000 after buying an additional 183 shares during the period. Mariner LLC increased its position in Fox Factory by 5.1% in the 3rd quarter. Mariner LLC now owns 4,491 shares of the company's stock valued at $445,000 after acquiring an additional 216 shares during the period. Coldstream Capital Management Inc. raised its stake in shares of Fox Factory by 11.1% during the third quarter. Coldstream Capital Management Inc. now owns 2,167 shares of the company's stock valued at $215,000 after acquiring an additional 217 shares during the last quarter. CWM LLC lifted its holdings in shares of Fox Factory by 54.1% during the fourth quarter. CWM LLC now owns 624 shares of the company's stock worth $42,000 after purchasing an additional 219 shares during the period. Finally, Inspire Investing LLC grew its stake in shares of Fox Factory by 8.1% in the third quarter. Inspire Investing LLC now owns 3,111 shares of the company's stock worth $308,000 after purchasing an additional 234 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.