Fox Factory Holding Corp (NASDAQ:FOXF) has been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the company, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $38.50.

Several research firms have commented on FOXF. Stifel Nicolaus restated a “hold” rating and issued a $38.00 target price (up previously from $32.00) on shares of Fox Factory in a research note on Wednesday, August 9th. ValuEngine cut Fox Factory from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research cut Fox Factory from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Robert W. Baird restated a “hold” rating and issued a $40.00 target price on shares of Fox Factory in a research note on Thursday, September 28th. Finally, Bank of America boosted their price target on Fox Factory from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, September 21st.

In related news, SVP William H. Katherman sold 18,580 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $42.01, for a total transaction of $780,545.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 21.40% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of FOXF. Parametric Portfolio Associates LLC acquired a new position in Fox Factory in the 1st quarter valued at $245,000. Teachers Advisors LLC grew its holdings in Fox Factory by 2.4% in the 1st quarter. Teachers Advisors LLC now owns 39,682 shares of the company’s stock valued at $1,139,000 after buying an additional 939 shares in the last quarter. California Public Employees Retirement System acquired a new position in Fox Factory in the 1st quarter valued at $230,000. Vanguard Group Inc. grew its holdings in Fox Factory by 28.5% in the 1st quarter. Vanguard Group Inc. now owns 1,679,239 shares of the company’s stock valued at $48,194,000 after buying an additional 372,551 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Fox Factory by 18.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 94,656 shares of the company’s stock valued at $2,717,000 after buying an additional 14,908 shares in the last quarter. 98.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of Fox Factory (FOXF) opened at $39.15 on Monday. The company has a market capitalization of $1,469.77, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 1.85 and a beta of 0.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.48 and a quick ratio of 1.41. Fox Factory has a 12 month low of $24.63 and a 12 month high of $46.80.

Fox Factory (NASDAQ:FOXF) last released its earnings results on Wednesday, November 1st. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.02. The firm had revenue of $127.40 million for the quarter, compared to analysts’ expectations of $123.02 million. Fox Factory had a return on equity of 28.25% and a net margin of 10.76%. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. equities research analysts expect that Fox Factory will post 1.53 earnings per share for the current fiscal year.

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About Fox Factory

Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.

Analyst Recommendations for Fox Factory (NASDAQ:FOXF)

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