Fox Factory Holding Corp. (NASDAQ:FOXF) Given Consensus Recommendation of “Hold” by Analysts

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have been assigned an average rating of “Hold” from the seven ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $25.3333.

Several equities research analysts have recently commented on the stock. Roth Mkm restated a “neutral” rating and issued a $20.00 target price on shares of Fox Factory in a research note on Friday, May 8th. Stifel Nicolaus set a $24.00 price target on Fox Factory in a report on Thursday, April 16th. Weiss Ratings cut Fox Factory from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 11th. Zacks Research raised Fox Factory from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Fox Factory in a report on Wednesday, June 3rd.

Fox Factory Stock Up 1.8%

Shares of NASDAQ:FOXF opened at $18.41 on Tuesday. Fox Factory has a 52 week low of $13.08 and a 52 week high of $31.18. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.52 and a current ratio of 2.99. The company’s fifty day moving average is $17.25 and its 200-day moving average is $17.54. The company has a market capitalization of $772.12 million, a PE ratio of -2.57, a P/E/G ratio of 0.62 and a beta of 1.37.

Fox Factory (NASDAQ:FOXF) last issued its earnings results on Thursday, May 7th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.09 by $0.09. Fox Factory had a negative net margin of 20.25% and a positive return on equity of 5.20%. The company had revenue of $368.66 million for the quarter, compared to the consensus estimate of $351.76 million. During the same quarter in the previous year, the company earned $0.23 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research analysts predict that Fox Factory will post 1.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Western Standard LLC bought a new position in shares of Fox Factory in the fourth quarter valued at about $2,053,000. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Fox Factory by 3,173.3% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 388,666 shares of the company’s stock valued at $6,650,000 after buying an additional 376,792 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in shares of Fox Factory by 72.9% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,239,216 shares of the company’s stock valued at $30,101,000 after buying an additional 522,391 shares during the last quarter. B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Fox Factory by 365.1% in the third quarter. B. Metzler seel. Sohn & Co. AG now owns 87,825 shares of the company’s stock valued at $2,133,000 after buying an additional 68,941 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of Fox Factory by 37.5% in the third quarter. Segall Bryant & Hamill LLC now owns 119,552 shares of the company’s stock valued at $2,904,000 after buying an additional 32,636 shares during the last quarter.

Fox Factory Company Profile

Fox Factory Holding Corp., headquartered in Duluth, Minnesota, designs, engineers and manufactures high-performance suspension systems, shock absorbers and related components for powersports, light-vehicle and mountain-bike applications. The company’s FOX brand offers a comprehensive portfolio of forks, shocks, coilovers and internal bypass dampers aimed at OEM and aftermarket customers seeking enhanced ride quality, control and durability across off-road vehicles, motorcycles and bicycles.

Founded in 1974 by Bob Fox in California, Fox Factory has expanded its technology base and market reach through strategic acquisitions such as Marzocchi Suspension, DVO Suspension and Walker Evans Racing.