Brokerages Set Fox Factory Holding Corp. (NASDAQ:FOXF) Price Target at $28.60

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have earned a consensus rating of “Hold” from the eight research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $28.60.

A number of brokerages have issued reports on FOXF. Roth Mkm decreased their price target on Fox Factory from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, January 6th. Zacks Research raised Fox Factory from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. CJS Securities raised Fox Factory to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fox Factory in a report on Thursday, January 22nd.

Hedge Funds Weigh In On Fox Factory

Large investors have recently made changes to their positions in the business. First Bank & Trust raised its holdings in shares of Fox Factory by 8.1% in the 3rd quarter. First Bank & Trust now owns 8,345 shares of the company’s stock worth $203,000 after purchasing an additional 623 shares in the last quarter. KLP Kapitalforvaltning AS boosted its holdings in Fox Factory by 9.2% during the third quarter. KLP Kapitalforvaltning AS now owns 8,300 shares of the company’s stock worth $202,000 after buying an additional 700 shares in the last quarter. Legal & General Group Plc grew its position in Fox Factory by 0.6% in the second quarter. Legal & General Group Plc now owns 111,190 shares of the company’s stock worth $2,884,000 after buying an additional 705 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Fox Factory by 7.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,709 shares of the company’s stock worth $278,000 after buying an additional 734 shares during the last quarter. Finally, Engineers Gate Manager LP increased its holdings in shares of Fox Factory by 1.1% in the fourth quarter. Engineers Gate Manager LP now owns 73,895 shares of the company’s stock valued at $1,264,000 after buying an additional 770 shares in the last quarter.

Fox Factory Trading Down 1.5%

Shares of NASDAQ:FOXF opened at $15.83 on Friday. The company has a 50 day moving average of $18.52 and a 200-day moving average of $20.39. The firm has a market cap of $661.69 million, a P/E ratio of -1.21 and a beta of 1.50. Fox Factory has a twelve month low of $13.08 and a twelve month high of $31.18. The company has a current ratio of 2.86, a quick ratio of 1.37 and a debt-to-equity ratio of 0.96.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. Fox Factory had a negative net margin of 37.11% and a positive return on equity of 5.06%. The business had revenue of $361.07 million for the quarter, compared to analyst estimates of $353.88 million. During the same quarter last year, the business earned $0.31 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, analysts anticipate that Fox Factory will post 1.31 earnings per share for the current fiscal year.

Fox Factory Company Profile

Fox Factory Holding Corp., headquartered in Duluth, Minnesota, designs, engineers and manufactures high-performance suspension systems, shock absorbers and related components for powersports, light-vehicle and mountain-bike applications. The company’s FOX brand offers a comprehensive portfolio of forks, shocks, coilovers and internal bypass dampers aimed at OEM and aftermarket customers seeking enhanced ride quality, control and durability across off-road vehicles, motorcycles and bicycles.

Founded in 1974 by Bob Fox in California, Fox Factory has expanded its technology base and market reach through strategic acquisitions such as Marzocchi Suspension, DVO Suspension and Walker Evans Racing.