Fox Factory Holding Corp. (NASDAQ:FOXF) Given Average Recommendation of “Hold” by Analysts

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have received a consensus recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $46.17.

A number of research firms recently issued reports on FOXF. B. Riley decreased their price objective on Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Robert W. Baird decreased their price target on Fox Factory from $48.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Bank of America lowered their price target on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Finally, Truist Financial reduced their price objective on shares of Fox Factory from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, August 2nd.

Insider Buying and Selling

In related news, CEO Michael C. Dennison acquired 4,800 shares of the stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of $41.44 per share, for a total transaction of $198,912.00. Following the transaction, the chief executive officer now owns 135,066 shares in the company, valued at $5,597,135.04. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fox Factory

Several institutional investors have recently modified their holdings of FOXF. GAMMA Investing LLC boosted its stake in shares of Fox Factory by 86.0% in the 3rd quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock valued at $25,000 after purchasing an additional 277 shares in the last quarter. Signaturefd LLC boosted its position in 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 buying 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 about $42,000. Fifth Third Bancorp grew its stake 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 buying an additional 261 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of Fox Factory by 31.8% in the first quarter. Covestor Ltd now owns 1,518 shares of the company’s stock worth $79,000 after buying an additional 366 shares during the period.

Fox Factory Price Performance

FOXF opened at $37.02 on Thursday. The firm has a 50-day moving average price of $40.05 and a 200-day moving average price of $43.60. Fox Factory has a twelve month low of $34.56 and a twelve month high of $86.33. The company has a quick ratio of 1.63, a current ratio of 3.13 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 2.67 and a beta of 1.64.

Fox Factory (NASDAQ:FOXF) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The business had revenue of $348.49 million during the quarter, compared to analyst estimates of $346.22 million. Fox Factory had a net margin of 3.07% and a return on equity of 7.66%. Fox Factory’s revenue was down 13.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 EPS. Equities analysts expect that Fox Factory will post 1.56 EPS for the current 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.