Robert W. Baird Cuts Fox Factory (NASDAQ:FOXF) Price Target to $25.00

Fox Factory (NASDAQ:FOXF) had its price target lowered by Robert W. Baird from $32.00 to $25.00 in a research note published on Friday,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

FOXF has been the topic of a number of other reports. Stifel Nicolaus raised Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Wednesday, December 11th. Jefferies Financial Group lowered their price objective on shares of Fox Factory from $45.00 to $38.00 and set a “buy” rating for the company in a report on Friday, February 28th. Finally, Truist Financial cut their price objective on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $38.14.

Fox Factory Stock Performance

NASDAQ:FOXF opened at $20.95 on Friday. Fox Factory has a twelve month low of $18.69 and a twelve month high of $54.86. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. The stock has a market cap of $873.87 million, a P/E ratio of 80.58, a PEG ratio of 1.45 and a beta of 1.56. The business’s 50-day moving average price is $25.79 and its two-hundred day moving average price is $31.10.

Fox Factory (NASDAQ:FOXF) last announced its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. The business had revenue of $352.84 million during the quarter, compared to analyst estimates of $321.31 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. As a group, equities analysts predict that Fox Factory will post 1.31 EPS for the current fiscal year.

Institutional Trading of Fox Factory

Institutional investors have recently modified their holdings of the company. Versant Capital Management Inc raised its position in Fox Factory by 142.8% during the 1st quarter. Versant Capital Management Inc now owns 1,372 shares of the company’s stock valued at $32,000 after purchasing an additional 807 shares during the last quarter. Quarry LP purchased a new position in shares of Fox Factory during the fourth quarter valued at approximately $45,000. KBC Group NV raised its holdings in shares of Fox Factory by 80.4% during the fourth quarter. KBC Group NV now owns 2,484 shares of the company’s stock valued at $75,000 after acquiring an additional 1,107 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new stake in Fox Factory in the fourth quarter worth $143,000. Finally, Magnetar Financial LLC bought a new stake in Fox Factory in the fourth quarter valued at $206,000.

Fox Factory Company Profile

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.