2 weeks Ago By Defense World Staff
Fox Factory (NASDAQ:FOXF – Get Free Report) had its price target reduced by equities researchers at Stifel Nicolaus from $40.00 to $34.00 in a research note issued on Thursday,Benzinga reports.
The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 71.63% from the company’s previous close.
A number of other research analysts have also recently weighed in on FOXF. Robert W. Baird lowered their price objective on Fox Factory from $32.
00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, April 4th. Jefferies Financial Group dropped their target price 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 decreased their price target on Fox Factory from $42.
00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock.
According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $37.29.Get Our Latest Stock Report on Fox FactoryFox Factory Stock PerformanceShares of NASDAQ FOXF opened at $19.
81 on Thursday. Fox Factory has a 12-month low of $17.95 and a 12-month high of $54.
86. The firm has a market capitalization of $826.31 million, a price-to-earnings ratio of 76.
20, a price-to-earnings-growth ratio of 1.45 and a beta of 1.56.
The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.
62. The firm has a 50 day moving average of $24.71 and a 200 day moving average of $30.
15. Fox Factory (NASDAQ:FOXF – Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.
31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02.
The firm had revenue of $352.84 million during the quarter, compared to the consensus estimate of $321.31 million.
Fox Factory had a net margin of 0.78% and a return on equity of 5.23%.
On average, research analysts anticipate that Fox Factory will post 1.31 earnings per share for the current year. Institutional Investors Weigh In On Fox FactoryA number of institutional investors have recently made changes to their positions in the stock.
The Manufacturers Life Insurance Company grew its position in Fox Factory by 6,413.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,352,242 shares of the company’s stock valued at $40,932,000 after acquiring an additional 1,331,480 shares in the last quarter.
RWWM Inc. boosted its stake in shares of Fox Factory by 174.0% in the fourth quarter.
RWWM Inc. now owns 1,997,531 shares of the company’s stock valued at $60,465,000 after purchasing an additional 1,268,460 shares during the period. Nantahala Capital Management LLC acquired a new position in shares of Fox Factory in the fourth quarter valued at approximately $19,252,000.
William Blair Investment Management LLC increased its stake in Fox Factory by 17.1% during the 4th quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company’s stock worth $90,310,000 after buying an additional 434,998 shares during the period.
Finally, Millennium Management LLC boosted its position in Fox Factory by 722.1% in the 4th quarter. Millennium Management LLC now owns 391,403 shares of the company’s stock valued at $11,848,000 after buying an additional 343,793 shares during the period.
About Fox Factory (Get Free Report)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.
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