Fox Factory Holding Corp. (NASDAQ:FOXF) Receives Consensus Rating of “Hold” from Brokerages

Fox Factory Holding Corp. (NASDAQ:FOXF) has earned an average rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $40.33.

A number of equities analysts have weighed in on the company. Stifel Nicolaus raised Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Wednesday, December 11th. Roth Mkm dropped their price objective on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Robert W. Baird reduced their target price on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Truist Financial dropped 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 note on Tuesday, January 7th. Finally, StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th.

Hedge Funds Weigh In On Fox Factory

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. lifted its position in shares of Fox Factory by 25,005.1% during the second quarter. Pacer Advisors Inc. now owns 1,585,136 shares of the company’s stock worth $76,388,000 after purchasing an additional 1,578,822 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in Fox Factory during the 2nd quarter worth approximately $53,294,000. JPMorgan Chase & Co. lifted its holdings in 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 buying an additional 139,512 shares in the last quarter. Disciplined Growth Investors Inc. MN purchased a new position in Fox Factory in the 3rd quarter valued at approximately $5,743,000. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Fox Factory by 25.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company’s stock worth $32,483,000 after acquiring an additional 135,542 shares in the last quarter.

Fox Factory Price Performance

Shares of NASDAQ FOXF opened at $27.28 on Tuesday. The firm has a 50-day simple moving average of $31.42 and a 200-day simple moving average of $38.45. 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 stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 104.93, a price-to-earnings-growth ratio of 2.55 and a beta of 1.60. Fox Factory has a 52 week low of $27.25 and a 52 week high of $69.46.

Fox Factory (NASDAQ:FOXF) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). The business had revenue of $359.10 million during the quarter, compared to analyst estimates of $366.86 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.05 EPS. On average, equities analysts predict that Fox Factory will post 1.31 earnings per share for the current fiscal year.

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.