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

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have received a consensus rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $47.00.

Several equities research analysts have recently weighed in on FOXF shares. Robert W. Baird decreased their price target on Fox Factory from $48.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. B. Riley lowered their price target on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Truist Financial dropped their price target on shares of Fox Factory from $55.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd.

Insider Buying and Selling at Fox Factory

In related news, CEO Michael C. Dennison acquired 4,800 shares of the stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of $41.44 per share, for a total transaction of $198,912.00. Following the purchase, the chief executive officer now directly owns 135,066 shares of the company’s stock, valued at approximately $5,597,135.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Fox Factory

Several hedge funds and other institutional investors have recently bought and sold shares of FOXF. GAMMA Investing LLC acquired a new stake in shares of Fox Factory in the 4th quarter valued at about $29,000. Quest Partners LLC bought a new position in Fox Factory in the fourth quarter worth approximately $31,000. CWM LLC grew its stake in Fox Factory by 54.1% in the fourth quarter. CWM LLC now owns 624 shares of the company’s stock valued at $42,000 after acquiring an additional 219 shares during the period. YHB Investment Advisors Inc. bought a new stake in shares of Fox Factory during the first quarter valued at approximately $42,000. Finally, TFO Wealth Partners LLC raised its position in shares of Fox Factory by 14,180.0% during the fourth quarter. TFO Wealth Partners LLC now owns 714 shares of the company’s stock worth $48,000 after purchasing an additional 709 shares during the period.

Fox Factory Stock Down 3.1 %

NASDAQ:FOXF opened at $38.42 on Wednesday. Fox Factory has a one year low of $37.48 and a one year high of $106.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.13 and a quick ratio of 1.63. The company has a market cap of $1.60 billion, a PE ratio of 21.46, a P/E/G ratio of 2.76 and a beta of 1.63. The firm’s 50 day simple moving average is $44.37 and its 200 day simple moving average is $45.93.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The company had revenue of $348.49 million for the quarter, compared to analyst estimates of $346.22 million. Fox Factory had a net margin of 3.07% and a return on equity of 7.66%. Fox Factory’s revenue was down 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.21 earnings per share. On average, research analysts anticipate that Fox Factory will post 1.56 earnings per share for the current year.

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.