A number of other analysts have also recently weighed in on the stock. Bank of America boosted their target price on shares of Fox Factory from $42.00 to $45.00 and gave the stock a neutral rating in a research note on Tuesday, October 24th. Zacks Investment Research cut shares of Fox Factory from a buy rating to a hold rating in a research note on Friday, October 20th. William Blair cut shares of Fox Factory from an outperform rating to a market perform rating in a research note on Friday, October 13th. ValuEngine raised shares of Fox Factory from a hold rating to a buy rating in a research note on Friday, September 1st. Finally, SunTrust Banks reissued a hold rating and issued a $36.00 price objective on shares of Fox Factory in a research note on Friday, October 20th. Eight analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $39.29.
Shares of Fox Factory (FOXF) opened at $39.05 on Friday. The firm has a market cap of $1,492.30, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 1.88 and a beta of 0.62. Fox Factory has a one year low of $25.25 and a one year high of $46.80. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.41 and a current ratio of 2.48.
In related news, SVP William H. Katherman sold 18,580 shares of the business’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $42.01, for a total value of $780,545.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 21.40% of the company’s stock.
Several institutional investors have recently modified their holdings of FOXF. Neuberger Berman Group LLC boosted its position in Fox Factory by 187.3% during the third quarter. Neuberger Berman Group LLC now owns 1,144,537 shares of the company’s stock valued at $49,330,000 after acquiring an additional 746,191 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in Fox Factory by 11.6% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,613,788 shares of the company’s stock valued at $285,055,000 after acquiring an additional 686,881 shares during the last quarter. Mawer Investment Management Ltd. bought a new stake in Fox Factory during the third quarter valued at $24,843,000. BlackRock Inc. boosted its position in Fox Factory by 15.2% during the second quarter. BlackRock Inc. now owns 4,059,323 shares of the company’s stock valued at $144,512,000 after acquiring an additional 536,712 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Fox Factory by 28.5% during the first quarter. Vanguard Group Inc. now owns 1,679,239 shares of the company’s stock valued at $48,194,000 after acquiring an additional 372,551 shares during the last quarter. 98.07% of the stock is currently owned by institutional investors.
About Fox Factory
Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.
Receive News & Ratings for Fox Factory Holding Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fox Factory Holding Corp and related companies with MarketBeat.com's FREE daily email newsletter.