Fox Factory Holding Corp. (NASDAQ:FOXF) Receives $66.00 Consensus PT from Analysts

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have been assigned a consensus rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $48.00.

A number of brokerages have commented on FOXF. Robert W. Baird decreased their price objective on shares of Fox Factory from $55.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday. Truist Financial decreased their price target on shares of Fox Factory from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday. Stifel Nicolaus dropped their price objective on shares of Fox Factory from $56.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, April 24th. Bank of America downgraded Fox Factory from a “buy” rating to a “neutral” rating and set a $55.00 price objective on the stock. in a report on Friday, February 23rd. Finally, Roth Mkm lowered their target price on Fox Factory from $55.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday.

Institutional Trading of Fox Factory

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its position in shares of Fox Factory by 1.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 440,251 shares of the company’s stock worth $43,620,000 after buying an additional 4,607 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Fox Factory by 26.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,065 shares of the company’s stock valued at $700,000 after purchasing an additional 1,485 shares during the period. Strs Ohio increased its stake in Fox Factory by 10.5% in the third quarter. Strs Ohio now owns 4,200 shares of the company’s stock valued at $416,000 after purchasing an additional 400 shares in the last quarter. Advisor Partners II LLC acquired a new stake in Fox Factory in the third quarter worth $224,000. Finally, Park Avenue Securities LLC bought a new position in shares of Fox Factory during the third quarter worth $302,000.

Fox Factory Stock Up 10.4 %

Shares of FOXF opened at $43.52 on Thursday. The business’s 50 day simple moving average is $46.45 and its 200-day simple moving average is $59.53. Fox Factory has a one year low of $37.98 and a one year high of $117.68. The company has a market capitalization of $1.83 billion, a P/E ratio of 24.31, a PEG ratio of 3.32 and a beta of 1.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.70 and a quick ratio of 1.91.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. Fox Factory had a return on equity of 10.50% and a net margin of 5.41%. The company had revenue of $333.50 million for the quarter, compared to analyst estimates of $327.58 million. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The business’s revenue was down 16.6% on a year-over-year basis. As a group, sell-side analysts predict that Fox Factory will post 2.42 EPS 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.