Fox Factory (NASDAQ:FOXF) Upgraded by Stifel Nicolaus to “Buy”

Stifel Nicolaus upgraded shares of Fox Factory (NASDAQ:FOXFGet Rating) from a hold rating to a buy rating in a research note released on Friday morning, The Fly reports. They currently have $115.00 target price on the stock, up from their previous target price of $88.00.

Separately, Jefferies Financial Group lowered their target price on shares of Fox Factory from $140.00 to $110.00 and set a buy rating on the stock in a research note on Friday, June 24th.

Fox Factory Stock Performance

FOXF opened at $106.05 on Friday. The company has a current ratio of 3.05, a quick ratio of 1.93 and a debt-to-equity ratio of 0.42. The company’s fifty day moving average price is $85.72 and its two-hundred day moving average price is $96.98. Fox Factory has a 1-year low of $69.28 and a 1-year high of $190.29. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 0.91 and a beta of 1.72.

Fox Factory (NASDAQ:FOXFGet Rating) last posted its earnings results on Thursday, August 4th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.16. Fox Factory had a net margin of 12.42% and a return on equity of 23.36%. The firm had revenue of $406.71 million during the quarter, compared to analyst estimates of $399.13 million. During the same quarter in the prior year, the business posted $1.20 EPS. The business’s revenue was up 23.9% compared to the same quarter last year. On average, analysts expect that Fox Factory will post 5.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Covestor Ltd bought a new stake in Fox Factory in the fourth quarter valued at $38,000. Logan Capital Management Inc. lifted its position in Fox Factory by 34.5% during the first quarter. Logan Capital Management Inc. now owns 601 shares of the company’s stock valued at $59,000 after buying an additional 154 shares during the period. First Horizon Advisors Inc. lifted its position in Fox Factory by 375.4% during the second quarter. First Horizon Advisors Inc. now owns 656 shares of the company’s stock valued at $52,000 after buying an additional 518 shares during the period. Lazard Asset Management LLC purchased a new position in Fox Factory during the first quarter valued at $69,000. Finally, Ellevest Inc. lifted its position in Fox Factory by 483.7% during the second quarter. Ellevest Inc. now owns 753 shares of the company’s stock valued at $61,000 after buying an additional 624 shares during the period. Institutional investors own 99.49% of the company’s stock.

Fox Factory Company Profile

(Get Rating)

Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers mid-end and high-end front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and 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.

See Also

The Fly logo

Receive News & Ratings for Fox Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fox Factory and related companies with MarketBeat.com's FREE daily email newsletter.