Shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $18.09 and traded as high as $19.07. Fox Factory shares last traded at $18.69, with a volume of 2,576,396 shares.
Wall Street Analyst Weigh In
Several analysts have weighed in on the stock. B. Riley Financial lowered their price target on shares of Fox Factory from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, October 19th. Roth Capital reaffirmed a "neutral" rating and issued a $17.00 price target on shares of Fox Factory in a research note on Monday, October 19th. Stifel Nicolaus set a $25.00 price objective on Fox Factory in a research report on Wednesday, September 30th. Zacks Research downgraded Fox Factory from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 20th. Finally, Weiss Ratings raised shares of Fox Factory from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $19.60.
View Our Latest Stock Analysis on Fox Factory
Fox Factory Stock Up 5.0%
The company has a quick ratio of 1.55, a current ratio of 3.10 and a debt-to-equity ratio of 0.96. The company has a fifty day simple moving average of $18.06 and a 200 day simple moving average of $18.09. The firm has a market capitalization of $785.54 million, a P/E ratio of -1.92, a P/E/G ratio of 1.77 and a beta of 1.39.
Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.22. The firm had revenue of $338.41 million during the quarter, compared to the consensus estimate of $337.56 million. Fox Factory had a positive return on equity of 5.57% and a negative net margin of 20.39%. The company's revenue was down 10.1% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. On average, equities analysts expect that Fox Factory Holding Corp. will post 0.98 EPS for the current fiscal year.
Institutional Trading of Fox Factory
Institutional investors and hedge funds have recently modified their holdings of the business. Pullen Investment Management LLC grew its stake in shares of Fox Factory by 0.7% in the third quarter. Pullen Investment Management LLC now owns 137,422 shares of the company's stock valued at $2,524,000 after buying an additional 900 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Fox Factory by 49.8% in the 3rd quarter. Versant Capital Management Inc now owns 3,054 shares of the company's stock valued at $56,000 after buying an additional 1,015 shares during the period. GAMMA Investing LLC raised its holdings in shares of Fox Factory by 62.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,802 shares of the company's stock valued at $70,000 after buying an additional 1,456 shares during the period. Illinois Municipal Retirement Fund lifted its stake in Fox Factory by 11.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 22,500 shares of the company's stock worth $370,000 after acquiring an additional 2,254 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Fox Factory during the 2nd quarter worth about $41,000.
About Fox Factory
(
Get Free Report)
Fox Factory Holding Corp. designs, engineers, manufactures and markets performance products for cycling, powered vehicles and other recreational applications. The company is best known for its suspension systems and components, including forks, shocks and related technologies used on mountain bikes, motorcycles, snowmobiles, trucks and side-by-side vehicles.
Through brands including FOX, Race Face, Easton Cycling, Marzocchi, Ride Concepts, Bell, Giro and CamelBak, Fox Factory offers bicycle components, wheels, drivetrain and cockpit products, cycling shoes, helmets, protective equipment, hydration products and apparel.
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