Fox Factory (FOXF) Stock Rating Upgraded by ValuEngine

Fox Factory (NASDAQ:FOXF) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday.

FOXF has been the subject of several other research reports. Zacks Investment Research lowered Fox Factory from a “buy” rating to a “hold” rating in a research report on Friday, March 30th. BidaskClub raised Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday, March 15th. DA Davidson raised Fox Factory from a “neutral” rating to a “buy” rating in a research report on Thursday, February 8th. Bank of America raised Fox Factory from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Tuesday, May 1st. Finally, Stifel Nicolaus lowered their price objective on Fox Factory from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Thursday, May 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $39.50.

Shares of FOXF stock opened at $38.25 on Thursday. Fox Factory has a 52 week low of $31.15 and a 52 week high of $46.80. The firm has a market capitalization of $1.41 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 1.77 and a beta of 0.63. The company has a quick ratio of 1.30, a current ratio of 2.45 and a debt-to-equity ratio of 0.29.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Wednesday, May 2nd. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $129.80 million during the quarter, compared to analyst estimates of $125.76 million. Fox Factory had a return on equity of 26.52% and a net margin of 10.78%. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share. sell-side analysts anticipate that Fox Factory will post 1.83 EPS for the current fiscal year.

Several large investors have recently modified their holdings of FOXF. Cooke & Bieler LP increased its holdings in shares of Fox Factory by 521.2% during the fourth quarter. Cooke & Bieler LP now owns 325,200 shares of the company’s stock valued at $12,634,000 after acquiring an additional 272,850 shares in the last quarter. Mawer Investment Management Ltd. increased its holdings in shares of Fox Factory by 38.6% during the first quarter. Mawer Investment Management Ltd. now owns 772,100 shares of the company’s stock valued at $26,946,000 after acquiring an additional 214,900 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of Fox Factory by 14.8% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,580,566 shares of the company’s stock valued at $61,405,000 after acquiring an additional 204,155 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Fox Factory by 3.8% during the first quarter. BlackRock Inc. now owns 4,722,048 shares of the company’s stock valued at $164,799,000 after acquiring an additional 172,537 shares in the last quarter. Finally, Standard Life Aberdeen plc increased its holdings in shares of Fox Factory by 14.8% during the fourth quarter. Standard Life Aberdeen plc now owns 1,327,848 shares of the company’s stock valued at $51,587,000 after acquiring an additional 171,247 shares in the last quarter. Hedge funds and other institutional investors own 98.07% of the company’s stock.

About Fox Factory

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Fox Factory (NASDAQ:FOXF)

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