Fox Factory (NASDAQ:FOXF) Hits New 12-Month Low – What’s Next?

Fox Factory Holding Corp. (NASDAQ:FOXF) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $25.42 and last traded at $25.62, with a volume of 38079 shares changing hands. The stock had previously closed at $25.99.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Truist Financial cut their price target on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Robert W. Baird decreased their price target on Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. StockNews.com upgraded Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Stifel Nicolaus raised Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Wednesday, December 11th. Finally, Roth Mkm lowered their price objective on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $40.33.

Fox Factory Stock Down 2.6 %

The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. The company has a market cap of $1.06 billion, a P/E ratio of 97.70, a PEG ratio of 1.44 and a beta of 1.58. The firm’s 50-day simple moving average is $28.96 and its 200 day simple moving average is $35.21.

Hedge Funds Weigh In On Fox Factory

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in shares of Fox Factory by 86.0% during the 3rd quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock worth $25,000 after buying an additional 277 shares during the period. Signaturefd LLC grew its holdings 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 purchasing an additional 545 shares during the period. nVerses Capital LLC bought a new stake in Fox Factory in the third quarter valued at approximately $42,000. KBC Group NV increased its stake in Fox Factory by 36.5% in the third quarter. KBC Group NV now owns 1,377 shares of the company’s stock valued at $57,000 after purchasing an additional 368 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new stake in Fox Factory in the fourth quarter worth $206,000.

About Fox Factory

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.