Fox Factory (NASDAQ:FOXF) Reaches New 12-Month Low at $38.67

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) reached a new 52-week low on Tuesday . The stock traded as low as $38.67 and last traded at $39.08, with a volume of 80691 shares trading hands. The stock had previously closed at $40.22.

Analyst Upgrades and Downgrades

FOXF has been the subject of several research analyst reports. StockNews.com downgraded Fox Factory from a “hold” rating to a “sell” rating in a report on Monday, February 26th. Stifel Nicolaus decreased their price target on Fox Factory from $56.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, April 24th. Bank of America downgraded Fox Factory from a “buy” rating to a “neutral” rating and set a $55.00 price target for the company. in a report on Friday, February 23rd. Finally, Truist Financial decreased their price target on Fox Factory from $90.00 to $60.00 and set a “buy” rating for the company in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $66.00.

Fox Factory Price Performance

The company has a 50-day simple moving average of $47.04 and a 200-day simple moving average of $60.27. The stock has a market cap of $1.63 billion, a PE ratio of 13.65, a PEG ratio of 3.28 and a beta of 1.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.70 and a quick ratio of 1.91.

Fox Factory (NASDAQ:FOXF) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.34). The business had revenue of $332.50 million during the quarter, compared to analysts’ expectations of $327.07 million. Fox Factory had a return on equity of 13.86% and a net margin of 8.25%. The company’s revenue was down 18.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 EPS. Sell-side analysts anticipate that Fox Factory Holding Corp. will post 2.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FOXF. GAMMA Investing LLC purchased a new position in Fox Factory in the fourth quarter worth $29,000. Quest Partners LLC purchased a new position in shares of Fox Factory in the fourth quarter valued at $31,000. Operose Advisors LLC purchased a new position in shares of Fox Factory in the third quarter valued at $37,000. Assetmark Inc. increased its position in shares of Fox Factory by 171.4% in the third quarter. Assetmark Inc. now owns 380 shares of the company’s stock valued at $38,000 after buying an additional 240 shares in the last quarter. Finally, CWM LLC increased its position in shares of Fox Factory by 54.1% in the fourth quarter. CWM LLC now owns 624 shares of the company’s stock valued at $42,000 after buying an additional 219 shares in the last quarter.

About Fox Factory

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.