Fox Factory (NASDAQ:FOXF) Hits New 1-Year Low – Here’s What Happened

Fox Factory Holding Corp. (NASDAQ:FOXF)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $25.42 and last traded at $25.62, with a volume of 38079 shares trading hands. The stock had previously closed at $25.99.

Wall Street Analyst Weigh In

FOXF has been the subject of a number of research analyst reports. Stifel Nicolaus upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Wednesday, December 11th. StockNews.com upgraded shares of Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Robert W. Baird lowered their price target on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Roth Mkm reduced 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. Finally, Truist Financial dropped their target price on Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $40.33.

Fox Factory Stock Performance

The firm has a fifty day simple moving average of $28.96 and a 200 day simple moving average of $35.21. 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 company has a market cap of $1.06 billion, a price-to-earnings ratio of 97.70, a P/E/G ratio of 1.44 and a beta of 1.58.

Institutional Trading of Fox Factory

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its position in Fox Factory by 86.0% during the third quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock worth $25,000 after buying an additional 277 shares in the last quarter. KBC Group NV grew its holdings in shares of Fox Factory by 36.5% during the 3rd quarter. KBC Group NV now owns 1,377 shares of the company’s stock worth $57,000 after purchasing an additional 368 shares in the last quarter. FORA Capital LLC lifted its position in Fox Factory by 5.9% in the third quarter. FORA Capital LLC now owns 9,117 shares of the company’s stock worth $378,000 after purchasing an additional 507 shares during the period. Signaturefd LLC boosted its stake in Fox Factory by 301.1% during the third quarter. Signaturefd LLC now owns 726 shares of the company’s stock worth $30,000 after buying an additional 545 shares in the last quarter. Finally, Diversify Wealth Management LLC increased its holdings in Fox Factory by 10.1% in the 4th quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company’s stock valued at $207,000 after buying an additional 680 shares during the period.

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.