Fox Factory Holding Corp. (NASDAQ:FOXF) Receives $27.25 Average PT from Brokerages

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have received a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $27.25.

A number of research analysts recently commented on FOXF shares. Zacks Research raised shares of Fox Factory from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Roth Mkm lowered their price objective on shares of Fox Factory from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 6th. Stifel Nicolaus set a $24.00 price objective on shares of Fox Factory in a research report on Thursday, April 16th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fox Factory in a research report on Thursday, January 22nd.

Fox Factory Stock Performance

Shares of FOXF opened at $17.74 on Monday. The company’s 50 day moving average price is $17.10 and its 200 day moving average price is $17.94. Fox Factory has a 52 week low of $13.08 and a 52 week high of $31.18. The company has a market capitalization of $743.89 million, a PE ratio of -1.36 and a beta of 1.37. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.37 and a current ratio of 2.86.

Fox Factory (NASDAQ:FOXF) last announced 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 firm had revenue of $361.07 million for the quarter, compared to the consensus estimate of $353.88 million. During the same period in the previous year, the firm posted $0.31 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. Research analysts expect that Fox Factory will post 1.44 EPS for the current fiscal year.

Institutional Trading of Fox Factory

Several large investors have recently added to or reduced their stakes in FOXF. Nantahala Capital Management LLC grew its position in Fox Factory by 200.3% in the fourth quarter. Nantahala Capital Management LLC now owns 2,188,300 shares of the company’s stock worth $37,442,000 after acquiring an additional 1,459,652 shares in the last quarter. Engine Capital Management LP bought a new stake in Fox Factory in the fourth quarter worth approximately $13,216,000. Towle & Co. bought a new stake in Fox Factory in the fourth quarter worth approximately $8,967,000. ArrowMark Colorado Holdings LLC grew its position in Fox Factory by 72.9% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,239,216 shares of the company’s stock worth $30,101,000 after acquiring an additional 522,391 shares in the last quarter. Finally, WCM Investment Management LLC bought a new stake in Fox Factory in the third quarter worth approximately $10,565,000.

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.