Several other brokerages also recently issued reports on FOXF. Zacks Investment Research downgraded shares of Fox Factory from a buy rating to a hold rating and set a $45.00 target price on the stock. in a research note on Thursday, January 18th. BidaskClub raised shares of Fox Factory from a sell rating to a hold rating in a research note on Tuesday, February 13th. Stifel Nicolaus cut their target price on shares of Fox Factory from $44.00 to $42.00 and set a hold rating on the stock in a research note on Thursday, May 3rd. Finally, ValuEngine downgraded shares of Fox Factory from a buy rating to a hold rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $39.50.
Shares of NASDAQ:FOXF opened at $35.50 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.30 and a current ratio of 2.45. Fox Factory has a 12-month low of $31.00 and a 12-month high of $46.80. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 1.78 and a beta of 0.63.
Fox Factory (NASDAQ:FOXF) last announced its earnings results on Wednesday, May 2nd. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. Fox Factory had a net margin of 10.78% and a return on equity of 26.52%. The company had revenue of $129.80 million for the quarter, compared to the consensus estimate of $125.76 million. During the same period in the previous year, the business earned $0.35 EPS. The company’s revenue was up 22.1% on a year-over-year basis. sell-side analysts forecast that Fox Factory will post 1.83 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Mercantile Trust Co. increased its stake in shares of Fox Factory by 13.4% in the fourth quarter. First Mercantile Trust Co. now owns 15,232 shares of the company’s stock worth $592,000 after acquiring an additional 1,804 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Fox Factory by 13.3% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 15,970 shares of the company’s stock worth $620,000 after acquiring an additional 1,880 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Fox Factory by 2.9% in the first quarter. Rhumbline Advisers now owns 83,663 shares of the company’s stock worth $2,920,000 after acquiring an additional 2,337 shares during the last quarter. Atria Investments LLC increased its stake in shares of Fox Factory by 26.1% in the first quarter. Atria Investments LLC now owns 11,697 shares of the company’s stock worth $408,000 after acquiring an additional 2,419 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Fox Factory by 10.8% in the fourth quarter. California Public Employees Retirement System now owns 27,874 shares of the company’s stock worth $1,083,000 after acquiring an additional 2,722 shares during the last quarter. 98.07% of the stock is currently owned by institutional investors and hedge funds.
Fox Factory Company Profile
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers front fork and rear suspension products for mountain bikes and road bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles.
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