Fox Factory (NASDAQ:FOXF) PT Lowered to $45.00 at Stifel Nicolaus

Fox Factory (NASDAQ:FOXF) had its target price lowered by equities researchers at Stifel Nicolaus from $56.00 to $45.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 14.30% from the company’s previous close.

FOXF has been the subject of several other research reports. StockNews.com downgraded Fox Factory from a “hold” rating to a “sell” rating in a report on Monday, February 26th. Bank of America cut Fox Factory from a “buy” rating to a “neutral” rating and set a $55.00 target price on the stock. in a research report on Friday, February 23rd. Finally, Truist Financial cut their target price on Fox Factory from $90.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Fox Factory has a consensus rating of “Hold” and a consensus price target of $66.00.

Fox Factory Trading Down 1.3 %

Shares of FOXF stock opened at $39.37 on Wednesday. The company has a market cap of $1.65 billion, a P/E ratio of 13.81, a PEG ratio of 3.36 and a beta of 1.64. The stock has a 50 day simple moving average of $49.75 and a two-hundred day simple moving average of $62.16. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.91 and a current ratio of 3.70. Fox Factory has a fifty-two week low of $38.80 and a fifty-two week high of $117.68.

Fox Factory (NASDAQ:FOXF) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.34). The firm had revenue of $332.50 million for the quarter, compared to the consensus estimate of $327.07 million. Fox Factory had a net margin of 8.25% and a return on equity of 13.86%. The company’s revenue was down 18.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.43 EPS. Research analysts forecast that Fox Factory will post 2.42 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. FirstPurpose Wealth LLC boosted its position in Fox Factory by 6.7% in the third quarter. FirstPurpose Wealth LLC now owns 2,907 shares of the company’s stock worth $288,000 after purchasing an additional 183 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in shares of Fox Factory by 3.3% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 6,662 shares of the company’s stock valued at $660,000 after buying an additional 213 shares during the last quarter. Mariner LLC lifted its position in shares of Fox Factory by 5.1% during the 3rd quarter. Mariner LLC now owns 4,491 shares of the company’s stock valued at $445,000 after buying an additional 216 shares during the last quarter. Coldstream Capital Management Inc. lifted its position in shares of Fox Factory by 11.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,167 shares of the company’s stock valued at $215,000 after buying an additional 217 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Fox Factory by 54.1% during the 4th quarter. CWM LLC now owns 624 shares of the company’s stock valued at $42,000 after buying an additional 219 shares during the last quarter.

About Fox Factory

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.