Stifel Nicolaus Cuts Fox Factory (NASDAQ:FOXF) Price Target to $34.00

Fox Factory (NASDAQ:FOXF) had its price objective reduced by Stifel Nicolaus from $40.00 to $34.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a buy rating on the stock.

FOXF has been the topic of several other research reports. Jefferies Financial Group lowered their target price on shares of Fox Factory from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Robert W. Baird dropped their price objective on shares of Fox Factory from $32.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, April 4th. Finally, Truist Financial reduced their target price on Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $37.29.

Fox Factory Stock Down 0.4 %

Shares of FOXF opened at $19.81 on Thursday. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average price of $24.71 and a two-hundred day moving average price of $30.15. The stock has a market cap of $826.31 million, a price-to-earnings ratio of 76.20, a P/E/G ratio of 1.45 and a beta of 1.56. Fox Factory has a 12 month low of $17.95 and a 12 month high of $54.86.

Fox Factory (NASDAQ:FOXF) last posted its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The business had revenue of $352.84 million during the quarter, compared to the consensus estimate of $321.31 million. Equities analysts predict that Fox Factory will post 1.31 EPS for the current fiscal year.

Institutional Trading of Fox Factory

Hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc lifted its holdings in Fox Factory by 142.8% during the 1st quarter. Versant Capital Management Inc now owns 1,372 shares of the company’s stock worth $32,000 after buying an additional 807 shares in the last quarter. Quarry LP acquired a new position in shares of Fox Factory during the fourth quarter valued at $45,000. KBC Group NV boosted its holdings in Fox Factory by 80.4% in the fourth quarter. KBC Group NV now owns 2,484 shares of the company’s stock valued at $75,000 after acquiring an additional 1,107 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new stake in Fox Factory in the fourth quarter worth about $143,000. Finally, Parallel Advisors LLC raised its holdings in Fox Factory by 102.4% during the 1st quarter. Parallel Advisors LLC now owns 5,146 shares of the company’s stock worth $120,000 after purchasing an additional 2,604 shares during the last quarter.

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.