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

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have been assigned a consensus rating of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $46.83.

A number of equities research analysts have recently weighed in on the stock. Roth Mkm reduced their price objective on shares of Fox Factory from $55.00 to $45.00 and set a “neutral” rating on the stock in a report on Friday. Bank of America lowered 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 Monday. B. Riley dropped their price objective on Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Friday. StockNews.com downgraded Fox Factory from a “hold” rating to a “sell” rating in a report on Monday, February 26th. Finally, Truist Financial cut their price objective on shares of Fox Factory from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Friday.

Institutional Trading of Fox Factory

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC purchased a new position in shares of Fox Factory during the fourth quarter worth about $29,000. Quest Partners LLC purchased a new position in shares of Fox Factory in the 4th quarter valued at approximately $31,000. Operose Advisors LLC purchased a new stake in shares of Fox Factory during the third quarter worth approximately $37,000. Assetmark Inc. lifted its holdings in shares of Fox Factory by 171.4% during the third quarter. Assetmark Inc. now owns 380 shares of the company’s stock worth $38,000 after purchasing an additional 240 shares during the period. Finally, CWM LLC grew its position in Fox Factory by 54.1% in the 4th quarter. CWM LLC now owns 624 shares of the company’s stock valued at $42,000 after buying an additional 219 shares during the last quarter.

Fox Factory Stock Up 1.8 %

Fox Factory stock opened at $44.31 on Thursday. Fox Factory has a twelve month low of $37.98 and a twelve month high of $117.68. The firm has a market capitalization of $1.86 billion, a P/E ratio of 24.75, a P/E/G ratio of 3.66 and a beta of 1.68. The company has a current ratio of 3.43, a quick ratio of 1.85 and a debt-to-equity ratio of 0.63. The stock’s fifty day simple moving average is $46.36 and its 200-day simple moving average is $58.99.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.10. Fox Factory had a return on equity of 10.56% and a net margin of 5.41%. The business had revenue of $333.50 million during the quarter, compared to analysts’ expectations of $327.58 million. During the same quarter last year, the business posted $1.20 EPS. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. As a group, equities analysts expect that Fox Factory will post 2.42 earnings per share for the current fiscal year.

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.