Roth Mkm Trims Fox Factory (NASDAQ:FOXF) Target Price to $45.00

Fox Factory (NASDAQ:FOXF) had its price objective lowered by Roth Mkm from $55.00 to $45.00 in a research report released on Friday, Benzinga reports. Roth Mkm currently has a neutral rating on the stock.

A number of other research firms have also recently issued reports on FOXF. Robert W. Baird cut their price objective on Fox Factory from $55.00 to $48.00 and set a neutral rating for the company in a research report on Friday. Stifel Nicolaus dropped their price objective on shares of Fox Factory from $56.00 to $45.00 and set a hold rating on the stock in a research report on Wednesday, April 24th. StockNews.com downgraded shares of Fox Factory from a hold rating to a sell rating in a report on Monday, February 26th. Bank of America cut shares of Fox Factory from a buy rating to a neutral rating and set a $55.00 price target on the stock. in a report on Friday, February 23rd. Finally, Truist Financial reduced their price objective on Fox Factory from $90.00 to $60.00 and set a buy rating for the company in a report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $48.00.

Fox Factory Trading Up 10.4 %

NASDAQ:FOXF opened at $43.52 on Friday. The company has a quick ratio of 1.85, a current ratio of 3.43 and a debt-to-equity ratio of 0.63. Fox Factory has a twelve month low of $37.98 and a twelve month high of $117.68. The company has a market cap of $1.83 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 3.66 and a beta of 1.68. The business has a 50 day moving average price of $46.45 and a two-hundred day moving average price of $59.31.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.19 by $0.10. The firm had revenue of $333.50 million for the quarter, compared to analysts’ expectations of $327.58 million. Fox Factory had a net margin of 5.41% and a return on equity of 10.56%. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.20 EPS. As a group, analysts expect that Fox Factory will post 2.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. FORA Capital LLC bought a new position in shares of Fox Factory in the 1st quarter worth about $688,000. Fifth Lane Capital LP purchased a new stake in shares of Fox Factory in the first quarter valued at about $381,000. Capstone Investment Advisors LLC purchased a new stake in Fox Factory in the 1st quarter valued at about $543,000. Precision Wealth Strategies LLC lifted its holdings in Fox Factory by 9.6% during the first quarter. Precision Wealth Strategies LLC now owns 8,824 shares of the company’s stock worth $459,000 after acquiring an additional 775 shares during the period. Finally, Diversify Advisory Services LLC purchased a new position in shares of Fox Factory in the 1st quarter worth about $251,000.

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.