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

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have earned an average recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat reports. Four investment 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 analysts that have updated their coverage on the stock in the last year is $40.67.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FOXF. GAMMA Investing LLC boosted its position in shares of Fox Factory by 86.0% in the third quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock valued at $25,000 after acquiring an additional 277 shares during the period. Signaturefd LLC grew its position in shares of Fox Factory by 301.1% during the 3rd quarter. Signaturefd LLC now owns 726 shares of the company’s stock worth $30,000 after purchasing an additional 545 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Fox Factory during the third quarter worth approximately $42,000. KBC Group NV raised its position in shares of Fox Factory by 36.5% in the third quarter. KBC Group NV now owns 1,377 shares of the company’s stock valued at $57,000 after buying an additional 368 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in Fox Factory by 26.5% during the second quarter. Fifth Third Bancorp now owns 1,245 shares of the company’s stock worth $60,000 after buying an additional 261 shares in the last quarter.

Fox Factory Stock Up 0.2 %

FOXF stock opened at $29.68 on Friday. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 114.16, a P/E/G ratio of 2.67 and a beta of 1.60. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. Fox Factory has a twelve month low of $28.93 and a twelve month high of $70.13. The business has a 50 day moving average price of $34.42 and a two-hundred day moving average price of $40.64.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.07). Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The firm had revenue of $359.10 million for the quarter, compared to the consensus estimate of $366.86 million. During the same period last year, the company posted $1.05 earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year. Analysts anticipate 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.