Fox Factory Holding Corp. (NASDAQ:FOXF) Receives $41.50 Average PT from Analysts

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $41.50.

Several equities analysts recently weighed in on the stock. Robert W. Baird cut their price objective on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Bank of America cut their price objective on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Roth Mkm cut their price objective on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Truist Financial cut their price objective on shares of Fox Factory from $54.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, B. Riley lowered their price target on Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd.

Fox Factory Stock Performance

NASDAQ:FOXF opened at $32.43 on Monday. Fox Factory has a twelve month low of $30.92 and a twelve month high of $70.13. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average of $37.79 and a 200-day moving average of $42.45. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 124.74, a price-to-earnings-growth ratio of 2.63 and a beta of 1.65.

Fox Factory (NASDAQ:FOXF) last announced its earnings results on Thursday, October 31st. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.07). The firm had revenue of $359.10 million during the quarter, compared to analyst estimates 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 business earned $1.05 earnings per share. Analysts forecast that Fox Factory will post 1.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fox Factory

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in shares of Fox Factory by 86.0% during 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 lifted its holdings in shares of Fox Factory by 301.1% during the third quarter. Signaturefd LLC now owns 726 shares of the company’s stock valued at $30,000 after acquiring an additional 545 shares during the period. nVerses Capital LLC bought a new position in shares of Fox Factory during the third quarter valued at $42,000. KBC Group NV lifted its holdings in shares of Fox Factory by 36.5% during the third quarter. KBC Group NV now owns 1,377 shares of the company’s stock valued at $57,000 after acquiring an additional 368 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in shares of Fox Factory by 26.5% during the second quarter. Fifth Third Bancorp now owns 1,245 shares of the company’s stock valued at $60,000 after acquiring an additional 261 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.