Fox Factory Holding Corp. (NASDAQ:FOXF) Given Consensus Rating 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 covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $40.33.

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Wednesday, December 11th. Truist Financial lowered their price target on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. StockNews.com upgraded shares of Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Roth Mkm cut their price target on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Finally, Robert W. Baird decreased their price objective on Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Friday, November 1st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FOXF. Principal Financial Group Inc. grew its holdings in shares of Fox Factory by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 225,167 shares of the company’s stock valued at $6,816,000 after buying an additional 8,162 shares during the last quarter. Rhumbline Advisers lifted its position in Fox Factory by 1.4% during the 4th quarter. Rhumbline Advisers now owns 129,275 shares of the company’s stock worth $3,913,000 after acquiring an additional 1,790 shares during the period. Angeles Wealth Management LLC acquired a new stake in Fox Factory during the 4th quarter worth about $1,710,000. Caprock Group LLC grew its stake in Fox Factory by 133.7% during the 4th quarter. Caprock Group LLC now owns 22,396 shares of the company’s stock valued at $678,000 after purchasing an additional 12,813 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Fox Factory by 80.4% in the fourth quarter. KBC Group NV now owns 2,484 shares of the company’s stock valued at $75,000 after purchasing an additional 1,107 shares during the period.

Fox Factory Stock Down 3.3 %

Shares of NASDAQ FOXF opened at $27.32 on Friday. The stock has a 50 day moving average price of $29.95 and a 200 day moving average price of $36.59. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 105.08, a PEG ratio of 1.53 and a beta of 1.60. Fox Factory has a 52-week low of $26.76 and a 52-week high of $69.46. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21.

Fox Factory (NASDAQ:FOXF) last posted its earnings results on Thursday, October 31st. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The business had revenue of $359.10 million for the quarter, compared to analysts’ expectations of $366.86 million. During the same period last year, the business posted $1.05 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Sell-side analysts expect that Fox Factory will post 1.31 earnings per share 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.