Robert W. Baird Lowers Fox Factory (NASDAQ:FOXF) Price Target to $32.00

Fox Factory (NASDAQ:FOXF) had its price target reduced by stock analysts at Robert W. Baird from $38.00 to $32.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 25.59% from the company’s current price.

FOXF has been the subject of a number of other research reports. Roth Mkm decreased their target price on Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Truist Financial decreased their price objective 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. StockNews.com upgraded shares of Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Stifel Nicolaus raised shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Wednesday, December 11th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.33.

Fox Factory Trading Down 2.6 %

Shares of Fox Factory stock opened at $25.48 on Friday. Fox Factory has a 12-month low of $25.17 and a 12-month high of $54.85. The firm’s 50 day simple moving average is $27.88 and its two-hundred day simple moving average is $33.83. 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 firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 98.00, a PEG ratio of 1.45 and a beta of 1.58.

Fox Factory (NASDAQ:FOXF) last released its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. Analysts predict that Fox Factory will post 1.31 EPS for the current year.

Hedge Funds Weigh In On Fox Factory

Several large investors have recently made changes to their positions in FOXF. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Fox Factory by 5.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,410 shares of the company’s stock valued at $2,192,000 after buying an additional 3,772 shares in the last quarter. Voloridge Investment Management LLC grew its position in shares of Fox Factory by 31.8% during the 4th quarter. Voloridge Investment Management LLC now owns 617,352 shares of the company’s stock valued at $18,687,000 after acquiring an additional 148,925 shares during the period. Squarepoint Ops LLC increased its stake in shares of Fox Factory by 41.4% in the 4th quarter. Squarepoint Ops LLC now owns 88,766 shares of the company’s stock valued at $2,687,000 after purchasing an additional 26,009 shares in the last quarter. Twinbeech Capital LP purchased a new position in shares of Fox Factory in the 4th quarter valued at about $479,000. Finally, Two Sigma Advisers LP purchased a new position in Fox Factory during the fourth quarter worth approximately $378,000.

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.