Fox Factory (NASDAQ:FOXF) Hits New 12-Month Low – Time to Sell?

Fox Factory Holding Corp. (NASDAQ:FOXF)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $26.30 and last traded at $25.85, with a volume of 9621 shares. The stock had previously closed at $27.32.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FOXF. Robert W. Baird decreased their price target on Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Roth Mkm decreased their price target on Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Truist Financial decreased their price target on Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. StockNews.com upgraded Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Stifel Nicolaus upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $40.33.

Fox Factory Stock Performance

The company has a market cap of $1.09 billion, a PE ratio of 100.82, a PEG ratio of 1.50 and a beta of 1.58. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The business has a 50-day moving average of $29.95 and a 200 day moving average of $36.39.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). The company had revenue of $359.10 million during the quarter, compared to analysts’ expectations of $366.86 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 EPS. Equities research analysts anticipate that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

Institutional Trading of Fox Factory

A number of hedge funds and other institutional investors have recently bought and sold shares of FOXF. Disciplined Growth Investors Inc. MN purchased a new stake in shares of Fox Factory during the third quarter worth about $5,743,000. Thrivent Financial for Lutherans boosted its holdings in shares of Fox Factory by 89.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 68,532 shares of the company’s stock worth $2,844,000 after purchasing an additional 32,263 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Fox Factory by 271.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company’s stock worth $7,921,000 after purchasing an additional 139,512 shares during the period. Barclays PLC boosted its holdings in shares of Fox Factory by 474.7% in the 3rd quarter. Barclays PLC now owns 122,806 shares of the company’s stock worth $5,097,000 after purchasing an additional 101,437 shares during the period. Finally, Royce & Associates LP lifted its stake in shares of Fox Factory by 5.7% during the 3rd quarter. Royce & Associates LP now owns 302,349 shares of the company’s stock worth $12,547,000 after acquiring an additional 16,410 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.