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.
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.
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.
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