Fox Factory (NASDAQ:FOXF) Given “Buy” Rating at Truist Financial

Fox Factory (NASDAQ:FOXF)‘s stock had its “buy” rating reaffirmed by investment analysts at Truist Financial in a note issued to investors on Friday, Benzinga reports. They currently have a $90.00 price target on the stock. Truist Financial’s price objective indicates a potential upside of 46.15% from the stock’s current price.

Several other research firms have also recently weighed in on FOXF. StockNews.com began coverage on Fox Factory in a research report on Thursday, October 5th. They set a “hold” rating for the company. Stifel Nicolaus lowered shares of Fox Factory from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Bank of America lifted their price target on Fox Factory from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 24th. Roth Mkm lowered their price target on Fox Factory from $112.00 to $90.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. Finally, B. Riley reaffirmed a “neutral” rating and issued a $80.00 price objective (down from $125.00) on shares of Fox Factory in a research note on Friday, November 3rd. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Fox Factory has an average rating of “Hold” and an average target price of $111.43.

Fox Factory Trading Up 0.9 %

Shares of Fox Factory stock traded up $0.56 during trading hours on Friday, hitting $61.58. The company’s stock had a trading volume of 174,258 shares, compared to its average volume of 264,342. The stock has a 50 day moving average of $86.85 and a 200 day moving average of $97.73. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.85 and a quick ratio of 2.07. Fox Factory has a 12 month low of $49.12 and a 12 month high of $127.54. The company has a market capitalization of $2.61 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 2.40 and a beta of 1.80.

Insider Activity at Fox Factory

In other news, insider Paul Stecher sold 2,300 shares of Fox Factory stock in a transaction on Friday, August 25th. The shares were sold at an average price of $107.00, for a total transaction of $246,100.00. Following the transaction, the insider now owns 16,360 shares in the company, valued at $1,750,520. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fox Factory

Several large investors have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co NY raised its holdings in shares of Fox Factory by 4.2% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 2,610 shares of the company’s stock valued at $238,000 after purchasing an additional 104 shares during the period. LPL Financial LLC boosted its holdings in Fox Factory by 1.1% in the second quarter. LPL Financial LLC now owns 9,617 shares of the company’s stock worth $806,000 after acquiring an additional 105 shares in the last quarter. Covestor Ltd grew its stake in Fox Factory by 58.4% in the first quarter. Covestor Ltd now owns 358 shares of the company’s stock valued at $35,000 after acquiring an additional 132 shares during the period. Dundas Partners LLP increased its holdings in shares of Fox Factory by 16.4% during the first quarter. Dundas Partners LLP now owns 1,094 shares of the company’s stock valued at $133,000 after acquiring an additional 154 shares in the last quarter. Finally, Huntington National Bank raised its position in shares of Fox Factory by 45.7% during the second quarter. Huntington National Bank now owns 523 shares of the company’s stock worth $57,000 after purchasing an additional 164 shares during the period.

Fox Factory Company Profile

Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers mid-end and high-end front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and 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.