Analysts Set Fox Factory Holding Corp. (NASDAQ:FOXF) PT at $40.33

Fox Factory Holding Corp. (NASDAQ:FOXF) has received an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $40.33.

A number of research analysts have weighed in on FOXF shares. Truist Financial cut their price objective on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Roth Mkm cut their price target on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Robert W. Baird decreased their price objective on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. 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. Finally, StockNews.com upgraded Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 28th.

Institutional Trading of Fox Factory

Several institutional investors and hedge funds have recently modified their holdings of FOXF. GAMMA Investing LLC grew its stake in Fox Factory by 86.0% in the third quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock worth $25,000 after purchasing an additional 277 shares in the last quarter. Signaturefd LLC grew its position in shares of Fox Factory by 301.1% during the 3rd quarter. Signaturefd LLC now owns 726 shares of the company’s stock worth $30,000 after buying an additional 545 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Fox Factory during the third quarter valued at $42,000. KBC Group NV raised its holdings in shares of Fox Factory by 36.5% in the third 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, Hsbc Holdings PLC purchased a new stake in Fox Factory in the second quarter worth about $268,000.

Fox Factory Price Performance

Shares of Fox Factory stock opened at $25.80 on Friday. The stock has a 50 day moving average price of $29.47 and a 200-day moving average price of $35.94. Fox Factory has a one year low of $25.55 and a one year high of $69.46. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 99.23, a price-to-earnings-growth ratio of 1.50 and a beta of 1.58. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21.

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.