Fox Factory (NASDAQ:FOXF) Given New $38.00 Price Target at Jefferies Financial Group

Fox Factory (NASDAQ:FOXF) had its target price decreased by Jefferies Financial Group from $45.00 to $38.00 in a research note published on Friday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

A number of other equities research analysts also recently commented on FOXF. Stifel Nicolaus upgraded shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Wednesday, December 11th. StockNews.com upgraded shares of Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Robert W. Baird reduced their price target on shares of Fox Factory from $38.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday. Roth Mkm reduced their price target on shares of 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 reduced their price target on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $39.14.

Fox Factory Price Performance

Shares of NASDAQ:FOXF opened at $27.73 on Friday. 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 market cap of $1.16 billion, a P/E ratio of 106.66, a PEG ratio of 1.45 and a beta of 1.58. Fox Factory has a 52 week low of $25.17 and a 52 week high of $54.85. The company has a 50-day moving average price of $27.88 and a 200 day moving average price of $33.83.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The firm had revenue of $352.84 million during the quarter, compared to the consensus estimate of $321.31 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. Research analysts predict that Fox Factory will post 1.31 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Disciplined Growth Investors Inc. MN acquired a new position in shares of Fox Factory during the 3rd quarter worth approximately $5,743,000. Caprock Group LLC raised its position in shares of Fox Factory by 133.7% during the 4th quarter. Caprock Group LLC now owns 22,396 shares of the company’s stock worth $678,000 after purchasing an additional 12,813 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Fox Factory by 89.0% during 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 last quarter. Angeles Wealth Management LLC acquired a new position in shares of Fox Factory during the 4th quarter worth approximately $1,710,000. Finally, JPMorgan Chase & Co. raised its position in shares of Fox Factory by 271.6% during 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 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.