Shares of Fox Factory Holding Corp. (NASDAQ:FOXF – Get Free Report) have been given a consensus rating of “Hold” by the seven brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $25.3333.
FOXF has been the topic of several recent analyst reports. Zacks Research raised Fox Factory from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 3rd. Stifel Nicolaus set a $24.00 target price on Fox Factory in a report on Thursday, April 16th. Needham & Company LLC reissued a “buy” rating on shares of Fox Factory in a report on Wednesday, June 3rd. Roth Mkm reissued a “neutral” rating and set a $20.00 target price on shares of Fox Factory in a report on Friday, May 8th. Finally, Weiss Ratings cut Fox Factory from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 11th.
View Our Latest Research Report on Fox Factory
Fox Factory Stock Performance
Fox Factory (NASDAQ:FOXF – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.09. Fox Factory had a positive return on equity of 5.20% and a negative net margin of 20.25%.The business had revenue of $368.66 million during the quarter, compared to the consensus estimate of $351.76 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. On average, equities research analysts forecast that Fox Factory will post 1.45 EPS for the current year.
Institutional Investors Weigh In On Fox Factory
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. RWWM Inc. raised its holdings in Fox Factory by 4.7% during the first quarter. RWWM Inc. now owns 5,533,072 shares of the company’s stock worth $91,074,000 after purchasing an additional 247,635 shares in the last quarter. Nantahala Capital Management LLC increased its holdings in shares of Fox Factory by 200.3% in the fourth quarter. Nantahala Capital Management LLC now owns 2,188,300 shares of the company’s stock valued at $37,442,000 after buying an additional 1,459,652 shares in the last quarter. Engine Capital Management LP increased its holdings in shares of Fox Factory by 162.3% in the first quarter. Engine Capital Management LP now owns 2,026,230 shares of the company’s stock valued at $33,352,000 after buying an additional 1,253,808 shares in the last quarter. Estuary Capital Management LP increased its holdings in shares of Fox Factory by 15.3% in the first quarter. Estuary Capital Management LP now owns 1,815,271 shares of the company’s stock valued at $29,879,000 after buying an additional 240,512 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Fox Factory by 1.4% in the fourth quarter. State Street Corp now owns 1,620,544 shares of the company’s stock valued at $27,728,000 after buying an additional 21,914 shares in the last quarter.
About Fox Factory
Fox Factory Holding Corp., headquartered in Duluth, Minnesota, designs, engineers and manufactures high-performance suspension systems, shock absorbers and related components for powersports, light-vehicle and mountain-bike applications. The company’s FOX brand offers a comprehensive portfolio of forks, shocks, coilovers and internal bypass dampers aimed at OEM and aftermarket customers seeking enhanced ride quality, control and durability across off-road vehicles, motorcycles and bicycles.
Founded in 1974 by Bob Fox in California, Fox Factory has expanded its technology base and market reach through strategic acquisitions such as Marzocchi Suspension, DVO Suspension and Walker Evans Racing.
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