Stifel Nicolaus upgraded shares of Fox Factory (NASDAQ:FOXF – Get 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.
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
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.
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