Analysts Set Fox Factory Holding Corp. (NASDAQ:FOXF) Price Target at $40.67

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have been given a consensus rating of “Hold” by the six analysts that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $40.67.

Several equities analysts have issued reports on the company. Roth Mkm dropped their price objective on Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Wednesday, December 11th. StockNews.com upgraded Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Bank of America lowered their target price on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Finally, Truist Financial cut their target price on shares of Fox Factory from $54.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, November 1st.

Hedge Funds Weigh In On Fox Factory

Large investors have recently bought and sold shares of the company. CWM LLC raised its holdings in Fox Factory by 34.3% during the second quarter. CWM LLC now owns 2,222 shares of the company’s stock worth $107,000 after purchasing an additional 567 shares in the last quarter. SG Americas Securities LLC grew its holdings in Fox Factory by 26.2% during the second quarter. SG Americas Securities LLC now owns 14,833 shares of the company’s stock worth $715,000 after acquiring an additional 3,081 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in Fox Factory in the second quarter worth $222,000. Nisa Investment Advisors LLC lifted its holdings in Fox Factory by 37.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,318 shares of the company’s stock valued at $112,000 after acquiring an additional 635 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of Fox Factory by 26.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,245 shares of the company’s stock worth $60,000 after purchasing an additional 261 shares in the last quarter.

Fox Factory Price Performance

Shares of NASDAQ FOXF opened at $31.30 on Friday. The stock’s 50-day simple moving average is $34.99 and its 200-day simple moving average is $40.95. The firm has a market capitalization of $1.30 billion, a PE ratio of 120.39, a price-to-earnings-growth ratio of 2.67 and a beta of 1.60. Fox Factory has a fifty-two week low of $30.13 and a fifty-two week high of $70.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21.

Fox Factory (NASDAQ:FOXF) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The company had revenue of $359.10 million for the quarter, compared to analyst estimates of $366.86 million. During the same period in the previous year, the business posted $1.05 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities research analysts forecast that Fox Factory will post 1.31 EPS for the current fiscal year.

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.