Fox Factory Holding Corp (NASDAQ:FOXF) has earned an average rating of “Hold” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $42.00.
A number of research firms recently commented on FOXF. BidaskClub raised Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday. DA Davidson raised Fox Factory from a “neutral” rating to a “buy” rating in a research note on Thursday, February 8th. Zacks Investment Research lowered Fox Factory from a “buy” rating to a “hold” rating and set a $45.00 price target on the stock. in a research note on Thursday, January 18th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $44.00 price target on shares of Fox Factory in a research note on Sunday, December 3rd.
Fox Factory (FOXF) traded up $0.35 during trading on Wednesday, hitting $38.00. The company had a trading volume of 956,308 shares, compared to its average volume of 221,142. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.37 and a current ratio of 2.35. The firm has a market capitalization of $1,415.96, a price-to-earnings ratio of 34.55, a P/E/G ratio of 2.01 and a beta of 0.57. Fox Factory has a one year low of $26.00 and a one year high of $46.80.
Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.05. The company had revenue of $121.09 million for the quarter, compared to analyst estimates of $118.84 million. Fox Factory had a return on equity of 27.95% and a net margin of 9.07%. analysts predict that Fox Factory will post 1.78 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of FOXF. Amalgamated Bank bought a new position in shares of Fox Factory during the 3rd quarter worth $209,000. Polen Capital Management LLC purchased a new stake in Fox Factory during the 3rd quarter worth about $225,000. State Board of Administration of Florida Retirement System purchased a new stake in Fox Factory during the 3rd quarter worth about $230,000. Aperio Group LLC purchased a new stake in Fox Factory during the 3rd quarter worth about $237,000. Finally, Invictus RG lifted its holdings in Fox Factory by 2,971.7% during the 3rd quarter. Invictus RG now owns 5,744 shares of the company’s stock worth $248,000 after purchasing an additional 5,557 shares in the last quarter. 98.07% of the stock is currently owned by hedge funds and other institutional investors.
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Fox Factory Company Profile
Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.
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