Fox Factory Holding Corp. (NASDAQ:FOXF) Receives $40.67 Consensus Target Price from Analysts

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have earned a consensus rating of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $40.67.

Several equities research analysts have recently commented on FOXF shares. Bank of America lowered their price target 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 Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Stifel Nicolaus raised 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, December 11th. Truist Financial reduced their target price on Fox Factory from $54.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Robert W. Baird lowered their price target on Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, November 1st.

Fox Factory Stock Performance

Shares of Fox Factory stock opened at $29.68 on Friday. The firm has a 50 day simple moving average of $34.42 and a 200 day simple moving average of $40.64. Fox Factory has a fifty-two week low of $28.93 and a fifty-two week high of $70.13. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The firm has a market cap of $1.24 billion, a P/E ratio of 114.16, a P/E/G ratio of 2.67 and a beta of 1.60.

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

Hedge Funds Weigh In On Fox Factory

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC raised its holdings in 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 raised its holdings in shares of Fox Factory by 301.1% during the third quarter. Signaturefd LLC now owns 726 shares of the company’s stock worth $30,000 after acquiring an additional 545 shares during the period. nVerses Capital LLC acquired a new stake in shares of Fox Factory during the third quarter worth $42,000. KBC Group NV lifted its position in Fox Factory by 36.5% in the 3rd quarter. KBC Group NV now owns 1,377 shares of the company’s stock valued at $57,000 after acquiring an additional 368 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in Fox Factory by 26.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,245 shares of the company’s stock worth $60,000 after purchasing an additional 261 shares during the period.

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.