Fox Factory (NASDAQ:FOXF) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Fox Factory Holding Corp. (NASDAQ:FOXF)’s stock price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $18.09 and traded as high as $19.07. Fox Factory shares last traded at $18.69, with a volume of 2,576,396 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FOXF shares. Zacks Research lowered shares of Fox Factory from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 20th. Roth Capital restated a “neutral” rating and issued a $17.00 target price on shares of Fox Factory in a research report on Monday, October 19th. Weiss Ratings upgraded shares of Fox Factory from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 6th. B. Riley Financial cut their price target on Fox Factory from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, October 19th. Finally, Stifel Nicolaus set a $25.00 price target on Fox Factory in a report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $19.60.

Fox Factory Price Performance

The company has a market capitalization of $738.47 million, a price-to-earnings ratio of -1.81, a price-to-earnings-growth ratio of 1.15 and a beta of 1.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.82 and a quick ratio of 1.37. The business has a fifty day moving average price of $17.95 and a 200 day moving average price of $18.07.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.22. The business had revenue of $338.41 million during the quarter, compared to the consensus estimate of $337.56 million. Fox Factory had a negative net margin of 28.58% and a positive return on equity of 8.43%. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 earnings per share. On average, research analysts expect that Fox Factory Holding Corp. will post 1.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fox Factory

A number of institutional investors have recently added to or reduced their stakes in FOXF. Boston Partners boosted its stake in Fox Factory by 69.3% during the 3rd quarter. Boston Partners now owns 97,735 shares of the company’s stock valued at $1,795,000 after purchasing an additional 39,997 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Fox Factory in the 3rd quarter worth $186,000. Royce & Associates LP lifted its holdings in shares of Fox Factory by 1.7% in the third quarter. Royce & Associates LP now owns 866,806 shares of the company’s stock valued at $15,923,000 after buying an additional 14,417 shares during the period. Villanova Investment Management Co acquired a new stake in shares of Fox Factory in the third quarter valued at $1,366,000. Finally, Pullen Investment Management LLC boosted its stake in Fox Factory by 0.7% during the third quarter. Pullen Investment Management LLC now owns 137,422 shares of the company’s stock valued at $2,524,000 after buying an additional 900 shares in the last quarter.

Fox Factory Company Profile

Fox Factory Holding Corp. designs, engineers and manufactures ride-dynamics and performance products for vehicles and outdoor recreation. Its offerings include suspension systems and components used in mountain bikes, motorcycles, off-road vehicles, trucks and other applications. The company sells products under brands including FOX, Marzocchi, Race Face and Easton. Its portfolio serves original equipment manufacturers as well as aftermarket customers, with products distributed in markets around the world.