Fox Factory (NASDAQ:FOXF) Sets New 1-Year Low at $43.69

Shares of Fox Factory Holding Corp. (NASDAQ:FOXFGet Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as $43.69 and last traded at $43.91, with a volume of 142696 shares trading hands. The stock had previously closed at $46.99.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Stifel Nicolaus dropped their price target on shares of Fox Factory from $69.00 to $56.00 and set a “hold” rating on the stock in a research note on Friday, February 23rd. Truist Financial dropped their price target on shares of Fox Factory from $90.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd. StockNews.com cut shares of Fox Factory from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. Finally, Bank of America cut shares of Fox Factory from a “buy” rating to a “neutral” rating and set a $55.00 price target on the stock. in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $68.20.

Read Our Latest Research Report on Fox Factory

Fox Factory Stock Down 0.5 %

The stock’s fifty day moving average is $53.99 and its two-hundred day moving average is $65.86. The company has a current ratio of 3.70, a quick ratio of 1.91 and a debt-to-equity ratio of 0.61. The firm has a market cap of $1.79 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 3.61 and a beta of 1.64.

Fox Factory (NASDAQ:FOXFGet Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.34). The company had revenue of $332.50 million during the quarter, compared to the consensus estimate of $327.07 million. Fox Factory had a return on equity of 13.86% and a net margin of 8.25%. Fox Factory’s quarterly revenue was down 18.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.43 EPS. As a group, research analysts anticipate that Fox Factory Holding Corp. will post 2.42 earnings per share for the current year.

Hedge Funds Weigh In On Fox Factory

A number of institutional investors have recently made changes to their positions in FOXF. GAMMA Investing LLC bought a new position in shares of Fox Factory in the 4th quarter worth $29,000. Quest Partners LLC purchased a new stake in Fox Factory during the 4th quarter valued at $31,000. Covestor Ltd boosted its position in Fox Factory by 58.4% during the 1st quarter. Covestor Ltd now owns 358 shares of the company’s stock valued at $35,000 after buying an additional 132 shares during the period. Operose Advisors LLC purchased a new stake in Fox Factory during the 3rd quarter valued at $37,000. Finally, Assetmark Inc. boosted its position in Fox Factory by 171.4% during the 3rd quarter. Assetmark Inc. now owns 380 shares of the company’s stock valued at $38,000 after buying an additional 240 shares during the period.

About Fox Factory

(Get Free Report)

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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