Stifel Nicolaus Trims Fox Factory (NASDAQ:FOXF) Target Price to $45.00

Fox Factory (NASDAQ:FOXF) had its price objective reduced by Stifel Nicolaus from $56.00 to $45.00 in a research report report published on Wednesday, Benzinga reports. They currently have a hold rating on the stock.

A number of other equities research analysts also recently issued reports on FOXF. Truist Financial cut their price objective on shares of Fox Factory from $90.00 to $60.00 and set a buy rating for the company in a research report on Friday, February 23rd. StockNews.com downgraded shares of Fox Factory from a hold rating to a sell rating in a research report on Monday, February 26th. Finally, Bank of America downgraded shares of Fox Factory from a buy rating to a neutral rating and set a $55.00 price objective for the company. in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $66.00.

Fox Factory Trading Up 2.7 %

NASDAQ:FOXF opened at $40.45 on Wednesday. The company has a current ratio of 3.70, a quick ratio of 1.91 and a debt-to-equity ratio of 0.61. Fox Factory has a 12 month low of $38.80 and a 12 month high of $117.68. The company has a market cap of $1.70 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 3.31 and a beta of 1.64. The company has a 50 day simple moving average of $49.17 and a two-hundred day simple moving average of $62.00.

Fox Factory (NASDAQ:FOXF) last posted its earnings results on Thursday, February 22nd. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.34). Fox Factory had a return on equity of 13.86% and a net margin of 8.25%. The company had revenue of $332.50 million during the quarter, compared to the consensus estimate of $327.07 million. During the same period last year, the firm posted $1.43 EPS. The company’s revenue for the quarter was down 18.6% on a year-over-year basis. Research analysts forecast that Fox Factory will post 2.42 earnings per share for the current year.

Institutional Trading of Fox Factory

Several hedge funds have recently made changes to their positions in FOXF. Norges Bank purchased a new stake in shares of Fox Factory during the 4th quarter valued at about $31,429,000. FMR LLC raised its position in Fox Factory by 46.2% in the 3rd quarter. FMR LLC now owns 1,136,720 shares of the company’s stock worth $112,626,000 after purchasing an additional 359,168 shares during the period. Norden Group LLC grew its stake in Fox Factory by 3,378.1% in the 1st quarter. Norden Group LLC now owns 286,420 shares of the company’s stock worth $14,914,000 after acquiring an additional 278,185 shares in the last quarter. Bamco Inc. NY bought a new position in Fox Factory in the 3rd quarter worth about $27,247,000. Finally, RWWM Inc. bought a new position in Fox Factory in the 4th quarter worth about $7,969,000.

Fox Factory Company Profile

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.