Fox Factory Holding Corp. (NASDAQ:FOXF) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have received a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $36.43.

Several brokerages have issued reports on FOXF. Jefferies Financial Group dropped their price target on Fox Factory from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Stifel Nicolaus dropped their target price on Fox Factory from $40.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Robert W. Baird reduced their price target on shares of Fox Factory from $32.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, April 4th. Finally, Truist Financial lifted their price target on shares of Fox Factory from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th.

Fox Factory Stock Performance

Shares of FOXF opened at $26.04 on Monday. Fox Factory has a 12-month low of $17.95 and a 12-month high of $54.86. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.09 billion, a PE ratio of 100.16, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The stock has a 50-day moving average price of $22.42 and a 200-day moving average price of $27.00.

Fox Factory (NASDAQ:FOXF) last announced its earnings results on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The business had revenue of $355.03 million for the quarter, compared to the consensus estimate of $330.71 million. During the same period last year, the firm posted $0.29 earnings per share. Fox Factory’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities analysts forecast that Fox Factory will post 1.31 earnings per share for the current fiscal year.

Institutional Trading of Fox Factory

Institutional investors have recently made changes to their positions in the stock. RWWM Inc. raised its holdings in Fox Factory by 79.0% during the 1st quarter. RWWM Inc. now owns 3,576,560 shares of the company’s stock valued at $83,477,000 after buying an additional 1,579,029 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of Fox Factory by 17.1% in the fourth quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company’s stock valued at $90,310,000 after acquiring an additional 434,998 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Fox Factory by 4.2% during the first quarter. The Manufacturers Life Insurance Company now owns 1,409,387 shares of the company’s stock valued at $32,895,000 after acquiring an additional 57,145 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Fox Factory by 6,413.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,352,242 shares of the company’s stock valued at $40,932,000 after acquiring an additional 1,331,480 shares during the last quarter. Finally, Capital World Investors boosted its holdings in shares of Fox Factory by 21.8% during the fourth quarter. Capital World Investors now owns 1,341,155 shares of the company’s stock worth $40,597,000 after purchasing an additional 240,416 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.