Shares of Fox Factory Holding Corp. (NASDAQ:FOXF – Get Free Report) have been assigned a consensus rating of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $46.83.
A number of equities research analysts have recently weighed in on the stock. Roth Mkm reduced their price objective on shares of Fox Factory from $55.00 to $45.00 and set a “neutral” rating on the stock in a report on Friday. Bank of America lowered their price objective on Fox Factory from $55.00 to $48.00 and set a “neutral” rating for the company in a research report on Monday. B. Riley dropped their price objective on Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Friday. StockNews.com downgraded Fox Factory from a “hold” rating to a “sell” rating in a report on Monday, February 26th. Finally, Truist Financial cut their price objective on shares of Fox Factory from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Friday.
Read Our Latest Report on Fox Factory
Institutional Trading of Fox Factory
Fox Factory Stock Up 1.8 %
Fox Factory stock opened at $44.31 on Thursday. Fox Factory has a twelve month low of $37.98 and a twelve month high of $117.68. The firm has a market capitalization of $1.86 billion, a P/E ratio of 24.75, a P/E/G ratio of 3.66 and a beta of 1.68. The company has a current ratio of 3.43, a quick ratio of 1.85 and a debt-to-equity ratio of 0.63. The stock’s fifty day simple moving average is $46.36 and its 200-day simple moving average is $58.99.
Fox Factory (NASDAQ:FOXF – Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.10. Fox Factory had a return on equity of 10.56% and a net margin of 5.41%. The business had revenue of $333.50 million during the quarter, compared to analysts’ expectations of $327.58 million. During the same quarter last year, the business posted $1.20 EPS. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. As a group, equities analysts expect that Fox Factory will post 2.42 earnings per share for the current fiscal year.
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.
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