Analysts Set Fox Factory Holding Corp. (NASDAQ:FOXF) PT at $25.33

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $25.3333.

Several equities analysts recently commented on the stock. Stifel Nicolaus set a $24.00 price objective on shares of Fox Factory in a research note on Thursday, April 16th. Zacks Research downgraded shares of Fox Factory from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Weiss Ratings downgraded shares of Fox Factory from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 11th. Finally, Roth Mkm reissued a “neutral” rating and issued a $20.00 price objective on shares of Fox Factory in a research note on Friday, May 8th.

Fox Factory Stock Performance

Shares of Fox Factory stock opened at $16.71 on Friday. The company has a market cap of $700.82 million, a PE ratio of -2.33, a price-to-earnings-growth ratio of 0.57 and a beta of 1.37. The company has a current ratio of 2.99, a quick ratio of 1.52 and a debt-to-equity ratio of 1.00. The company has a 50 day moving average of $16.90 and a 200-day moving average of $17.24. Fox Factory has a 1-year low of $13.08 and a 1-year high of $31.18.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.09 by $0.09. The business had revenue of $368.66 million during the quarter, compared to the consensus estimate of $351.76 million. Fox Factory had a negative net margin of 20.25% and a positive return on equity of 5.20%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS. As a group, equities research analysts forecast that Fox Factory will post 1.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fox Factory

Several large investors have recently modified their holdings of FOXF. Nantahala Capital Management LLC raised its stake in shares of Fox Factory by 200.3% during the fourth quarter. Nantahala Capital Management LLC now owns 2,188,300 shares of the company’s stock valued at $37,442,000 after acquiring an additional 1,459,652 shares during the last quarter. Engine Capital Management LP raised its stake in shares of Fox Factory by 162.3% during the first quarter. Engine Capital Management LP now owns 2,026,230 shares of the company’s stock valued at $33,352,000 after acquiring an additional 1,253,808 shares during the last quarter. Towle & Co. bought a new position in shares of Fox Factory during the fourth quarter valued at $8,967,000. ArrowMark Colorado Holdings LLC raised its stake in shares of Fox Factory by 72.9% during the third quarter. ArrowMark Colorado Holdings LLC now owns 1,239,216 shares of the company’s stock valued at $30,101,000 after acquiring an additional 522,391 shares during the last quarter. Finally, WCM Investment Management LLC bought a new position in shares of Fox Factory during the third quarter valued at $10,565,000.

About Fox Factory

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.