Fox Factory Holding Corp. (NASDAQ:FOXF) Receives $30.17 Average Target Price from Brokerages

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have been assigned an average rating of “Hold” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $30.1667.

A number of equities research analysts have recently issued reports on FOXF shares. Roth Mkm cut their price target on shares of Fox Factory from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, January 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fox Factory in a research report on Thursday, January 22nd. CJS Securities raised shares of Fox Factory to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Zacks Research cut Fox Factory from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 4th.

Institutional Trading of Fox Factory

A number of hedge funds have recently made changes to their positions in FOXF. Nantahala Capital Management LLC increased its stake in Fox Factory by 200.3% in the 4th 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 during the period. Divisadero Street Capital Management LP acquired a new stake in shares of Fox Factory during the 2nd quarter valued at $21,228,000. Towle & Co. purchased a new position in shares of Fox Factory during the 4th quarter valued at $8,967,000. ArrowMark Colorado Holdings LLC increased its stake in shares of Fox Factory by 72.9% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,239,216 shares of the company’s stock worth $30,101,000 after acquiring an additional 522,391 shares during the last quarter. Finally, WCM Investment Management LLC acquired a new position in shares of Fox Factory in the third quarter worth $10,565,000.

Fox Factory Trading Up 1.4%

NASDAQ:FOXF opened at $19.31 on Wednesday. The stock has a fifty day simple moving average of $18.25 and a 200 day simple moving average of $21.78. The firm has a market capitalization of $807.16 million, a price-to-earnings ratio of -3.12 and a beta of 1.50. Fox Factory has a 1-year low of $13.08 and a 1-year high of $31.18. The company has a quick ratio of 1.36, a current ratio of 2.98 and a debt-to-equity ratio of 0.69.

Fox Factory Company Profile

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.