Fox Factory (NASDAQ:FOXF) Given New $45.00 Price Target at Roth Mkm

Fox Factory (NASDAQ:FOXF) had its price objective reduced by Roth Mkm from $55.00 to $45.00 in a research report sent to investors on Friday, Benzinga reports. Roth Mkm currently has a neutral rating on the stock.

Several other research firms have also recently weighed in on FOXF. StockNews.com cut shares of Fox Factory from a hold rating to a sell rating in a research note on Monday, February 26th. Stifel Nicolaus lowered their price objective on shares of Fox Factory from $56.00 to $45.00 and set a hold rating on the stock in a research note on Wednesday, April 24th. Bank of America downgraded shares of Fox Factory from a buy rating to a neutral rating and set a $55.00 target price for the company. in a research note on Friday, February 23rd. Robert W. Baird reduced their price target on Fox Factory from $55.00 to $48.00 and set a neutral rating for the company in a report on Friday. Finally, Truist Financial dropped their price objective on Fox Factory from $90.00 to $60.00 and set a buy rating on the stock in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Fox Factory presently has a consensus rating of Hold and an average target price of $48.00.

Fox Factory Trading Up 10.4 %

NASDAQ:FOXF opened at $43.52 on Friday. The company has a quick ratio of 1.85, a current ratio of 3.43 and a debt-to-equity ratio of 0.63. Fox Factory has a twelve month low of $37.98 and a twelve month high of $117.68. The company has a market cap of $1.83 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 3.66 and a beta of 1.68. The business has a 50 day moving average price of $46.45 and a two-hundred day moving average price of $59.31.

Fox Factory (NASDAQ:FOXF) last released its earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. The business had revenue of $333.50 million during the quarter, compared to the consensus estimate of $327.58 million. Fox Factory had a net margin of 5.41% and a return on equity of 10.56%. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.20 earnings per share. As a group, analysts expect that Fox Factory will post 2.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Fox Factory

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in Fox Factory in the 4th quarter valued at $29,000. Quest Partners LLC bought a new stake in shares of Fox Factory in the fourth quarter valued at about $31,000. Operose Advisors LLC bought a new stake in shares of Fox Factory in the third quarter valued at about $37,000. Assetmark Inc. grew its stake in shares of Fox Factory by 171.4% in the third quarter. Assetmark Inc. now owns 380 shares of the company’s stock valued at $38,000 after acquiring an additional 240 shares in the last quarter. Finally, CWM LLC increased its position in Fox Factory by 54.1% during the fourth quarter. CWM LLC now owns 624 shares of the company’s stock worth $42,000 after acquiring an additional 219 shares during the period.

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.