Fox Factory (FOXF) Upgraded to Hold by BidaskClub
Fox Factory (NASDAQ:FOXF) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
A number of other analysts have also recently issued reports on the company. DA Davidson upgraded Fox Factory from a “neutral” rating to a “buy” rating in a research report on Thursday, February 8th. Zacks Investment Research cut Fox Factory from a “buy” rating to a “hold” rating and set a $45.00 price objective on the stock. in a research report on Thursday, January 18th. Stifel Nicolaus restated a “hold” rating and set a $44.00 price objective on shares of Fox Factory in a research report on Sunday, December 3rd. ValuEngine cut Fox Factory from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Bank of America boosted their price objective on Fox Factory from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, October 24th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $39.43.
Shares of Fox Factory (NASDAQ FOXF) opened at $39.80 on Tuesday. The stock has a market capitalization of $1,471.65, a P/E ratio of 30.85, a PEG ratio of 1.54 and a beta of 0.56. The company has a current ratio of 2.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.26. Fox Factory has a 1 year low of $25.74 and a 1 year high of $46.80.
A number of hedge funds have recently made changes to their positions in the stock. Millennium Management LLC boosted its stake in Fox Factory by 575.8% in the 4th quarter. Millennium Management LLC now owns 53,375 shares of the company’s stock valued at $2,074,000 after buying an additional 45,477 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Fox Factory by 8.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 128,141 shares of the company’s stock valued at $4,978,000 after buying an additional 9,636 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in Fox Factory in the 4th quarter valued at $454,000. Guggenheim Capital LLC boosted its stake in Fox Factory by 9.9% in the 4th quarter. Guggenheim Capital LLC now owns 70,132 shares of the company’s stock valued at $2,724,000 after buying an additional 6,315 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Fox Factory by 53.5% in the 4th quarter. Deutsche Bank AG now owns 398,545 shares of the company’s stock valued at $15,482,000 after buying an additional 138,981 shares in the last quarter. 97.98% of the stock is currently owned by institutional investors and hedge funds.
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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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