Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have earned a consensus recommendation of “Buy” from the six analysts that are currently covering the company. Six equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $24.20.

FOXF has been the subject of several research analyst reports. DA Davidson lifted their price objective on Fox Factory Holding Corp. from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. SunTrust Banks Inc. lifted their price objective on Fox Factory Holding Corp. from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. Piper Jaffray Cos. restated an “overweight” rating and set a $23.00 target price (up previously from $21.00) on shares of Fox Factory Holding Corp. in a research report on Thursday, August 4th. Zacks Investment Research upgraded Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Friday, August 5th. Finally, Jefferies Group initiated coverage on Fox Factory Holding Corp. in a research report on Friday, September 30th. They set a “buy” rating and a $26.00 target price for the company.

Several large investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in shares of Fox Factory Holding Corp. by 11.1% in the second quarter. Royal Bank of Canada now owns 1,808,925 shares of the company’s stock worth $31,421,000 after buying an additional 180,848 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Fox Factory Holding Corp. by 22.9% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,653,728 shares of the company’s stock worth $37,986,000 after buying an additional 308,096 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Fox Factory Holding Corp. by 177.5% in the third quarter. BlackRock Fund Advisors now owns 1,615,448 shares of the company’s stock worth $37,107,000 after buying an additional 1,033,341 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Fox Factory Holding Corp. by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,195,597 shares of the company’s stock worth $20,768,000 after buying an additional 47,443 shares during the period. Finally, Conestoga Capital Advisors LLC boosted its stake in shares of Fox Factory Holding Corp. by 63.9% in the third quarter. Conestoga Capital Advisors LLC now owns 967,685 shares of the company’s stock worth $22,228,000 after buying an additional 377,375 shares during the period. 61.59% of the stock is owned by institutional investors and hedge funds.

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) opened at 22.80 on Thursday. The stock has a market capitalization of $840.34 million, a P/E ratio of 26.21 and a beta of 0.59. Fox Factory Holding Corp. has a 52 week low of $13.85 and a 52 week high of $24.23. The company has a 50-day moving average price of $21.97 and a 200 day moving average price of $19.46.

Fox Factory Holding Corp. (NASDAQ:FOXF) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.05. Fox Factory Holding Corp. had a return on equity of 27.68% and a net margin of 8.44%. The firm earned $109 million during the quarter, compared to the consensus estimate of $110.91 million. During the same quarter in the previous year, the company posted $0.38 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts forecast that Fox Factory Holding Corp. will post $1.22 earnings per share for the current fiscal year.

About Fox Factory Holding Corp.

Fox Factory Holding Corp. designs, engineers, manufactures and markets performance ride dynamics products for customers across the world. The Company’s brand ride dynamics products are used primarily on bicycles (bikes), side-by-side vehicles (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.

5 Day Chart for NASDAQ:FOXF

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