Fox Factory (FOXF) Upgraded to Buy by ValuEngine

ValuEngine upgraded shares of Fox Factory (NASDAQ:FOXF) from a hold rating to a buy rating in a report released on Monday.

Other equities research analysts have also issued research reports about the stock. BidaskClub lowered shares of Fox Factory from a sell rating to a strong sell rating in a research note on Monday, February 5th. Zacks Investment Research upgraded shares of Fox Factory from a hold rating to a buy rating and set a $44.00 target price on the stock in a research note on Wednesday, December 6th. Finally, DA Davidson upgraded shares of Fox Factory from a neutral rating to a buy rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $39.67.

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NASDAQ:FOXF traded down $0.20 on Monday, reaching $34.45. The stock had a trading volume of 196,237 shares, compared to its average volume of 257,345. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.35 and a quick ratio of 1.37. The stock has a market cap of $1,299.14, a P/E ratio of 21.83, a PEG ratio of 1.84 and a beta of 0.63. Fox Factory has a 12-month low of $26.40 and a 12-month high of $46.80.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The company had revenue of $121.09 million during the quarter, compared to analysts’ expectations of $118.84 million. Fox Factory had a net margin of 9.07% and a return on equity of 27.95%. equities analysts expect that Fox Factory will post 1.78 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. KAMES CAPITAL plc raised its stake in Fox Factory by 80.2% during the fourth quarter. KAMES CAPITAL plc now owns 845,467 shares of the company’s stock worth $32,804,000 after acquiring an additional 376,364 shares during the period. Conestoga Capital Advisors LLC raised its stake in Fox Factory by 14.8% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,580,566 shares of the company’s stock worth $61,405,000 after acquiring an additional 204,155 shares during the period. BlackRock Inc. raised its stake in Fox Factory by 2.3% during the fourth quarter. BlackRock Inc. now owns 4,549,511 shares of the company’s stock worth $176,748,000 after acquiring an additional 103,233 shares during the period. Stifel Financial Corp raised its stake in Fox Factory by 19.6% during the third quarter. Stifel Financial Corp now owns 46,583 shares of the company’s stock worth $2,007,000 after acquiring an additional 7,648 shares during the period. Finally, Sei Investments Co. raised its stake in Fox Factory by 1,003.2% during the third quarter. Sei Investments Co. now owns 6,454 shares of the company’s stock worth $278,000 after acquiring an additional 5,869 shares during the period. Hedge funds and other institutional investors own 98.07% of the company’s stock.

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Fox Factory Company Profile

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.

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

Analyst Recommendations for Fox Factory (NASDAQ:FOXF)

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