Fox Factory Holding Corp. (NASDAQ:FOXF) Given Average Recommendation of “Hold” by Analysts

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have received an average rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $41.50.

A number of equities research analysts have recently issued reports on FOXF shares. Robert W. Baird dropped their price objective on Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Truist Financial dropped their price objective on Fox Factory from $54.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Roth Mkm dropped their price objective on Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. 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 research note on Friday, August 2nd. Finally, Bank of America dropped their price objective on Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th.

Fox Factory Trading Up 0.7 %

NASDAQ FOXF opened at $32.43 on Monday. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 124.74, a PEG ratio of 2.63 and a beta of 1.65. The stock’s 50 day moving average price is $37.79 and its two-hundred day moving average price is $42.45. 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 has a 52 week low of $30.92 and a 52 week high of $70.13.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Fox Factory by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,002,109 shares of the company’s stock worth $41,595,000 after purchasing an additional 8,474 shares in the last quarter. Disciplined Growth Investors Inc. MN acquired a new stake in shares of Fox Factory during the 3rd quarter worth $5,743,000. M&T Bank Corp grew its holdings in shares of Fox Factory by 70.4% during the 3rd quarter. M&T Bank Corp now owns 36,795 shares of the company’s stock worth $1,528,000 after purchasing an additional 15,201 shares in the last quarter. Barclays PLC grew its holdings in shares of Fox Factory by 474.7% during the 3rd quarter. Barclays PLC now owns 122,806 shares of the company’s stock worth $5,097,000 after purchasing an additional 101,437 shares in the last quarter. Finally, MML Investors Services LLC grew its holdings in shares of Fox Factory by 13.1% during the 3rd quarter. MML Investors Services LLC now owns 26,050 shares of the company’s stock worth $1,081,000 after purchasing an additional 3,018 shares in the last quarter.

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.