Fox Factory Holding Corp. (NASDAQ:FOXF) Given Average Recommendation of “Hold” by Brokerages

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have been given an average recommendation of “Hold” by the seven research firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $39.14.

A number of analysts have weighed in on FOXF shares. StockNews.com upgraded Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Robert W. Baird cut their price objective on Fox Factory from $38.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, February 28th. Jefferies Financial Group lowered their target price on Fox Factory from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Truist Financial reduced their price target on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Finally, 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.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FOXF. KBC Group NV grew its position 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 buying an additional 368 shares during the period. FORA Capital LLC grew its holdings in Fox Factory by 5.9% during the 3rd quarter. FORA Capital LLC now owns 9,117 shares of the company’s stock worth $378,000 after acquiring an additional 507 shares during the period. Diversify Wealth Management LLC grew its holdings in Fox Factory by 10.1% during the 4th quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company’s stock worth $207,000 after acquiring an additional 680 shares during the period. Swiss National Bank raised its position in shares of Fox Factory by 0.9% during the 4th quarter. Swiss National Bank now owns 82,000 shares of the company’s stock valued at $2,482,000 after acquiring an additional 700 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Fox Factory by 1.8% in the 3rd quarter. Victory Capital Management Inc. now owns 42,891 shares of the company’s stock valued at $1,780,000 after purchasing an additional 772 shares during the period.

Fox Factory Stock Down 1.6 %

FOXF opened at $25.74 on Friday. The business has a 50 day moving average of $26.50 and a 200-day moving average of $31.82. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 99.00, a P/E/G ratio of 1.45 and a beta of 1.65. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. Fox Factory has a 1-year low of $23.91 and a 1-year high of $54.86.

Fox Factory (NASDAQ:FOXF) last released its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The business had revenue of $352.84 million during the quarter, compared to analysts’ expectations of $321.31 million. As a group, sell-side analysts anticipate that Fox Factory will post 1.31 earnings per share for the current year.

About Fox Factory

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.