Fox Factory (NASDAQ:FOXF) Sees Unusually-High Trading Volume – What’s Next?

Fox Factory Holding Corp. (NASDAQ:FOXF) shares saw an uptick in trading volume on Monday . 1,130,511 shares traded hands during trading, an increase of 87% from the previous session’s volume of 606,055 shares.The stock last traded at $32.39 and had previously closed at $30.67.

Wall Street Analysts Forecast Growth

Several 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 target price on the stock in a research note on Wednesday. Bank of America decreased their price objective on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Truist Financial lowered their price objective on shares of Fox Factory from $54.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Robert W. Baird cut their target price 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. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $40.67.

Fox Factory Trading Down 0.9 %

The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average is $35.46 and its 200 day moving average is $41.21. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 121.97, a price-to-earnings-growth ratio of 2.50 and a beta of 1.60.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $366.86 million. During the same quarter last year, the firm earned $1.05 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. Research analysts predict that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Institutional Investors Weigh In On Fox Factory

Several institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of Fox Factory by 86.0% in the third quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock worth $25,000 after buying an additional 277 shares in the last quarter. Signaturefd LLC raised its holdings in Fox Factory by 301.1% in the 3rd quarter. Signaturefd LLC now owns 726 shares of the company’s stock valued at $30,000 after acquiring an additional 545 shares during the last quarter. nVerses Capital LLC purchased a new position in Fox Factory in the 3rd quarter worth approximately $42,000. KBC Group NV boosted its holdings in shares of Fox Factory by 36.5% during the 3rd quarter. KBC Group NV now owns 1,377 shares of the company’s stock worth $57,000 after purchasing an additional 368 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in shares of Fox Factory by 26.5% in the second quarter. Fifth Third Bancorp now owns 1,245 shares of the company’s stock valued at $60,000 after purchasing an additional 261 shares in the last quarter.

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.