Fox Factory (NASDAQ:FOXF) Sets New 12-Month Low – Here’s What Happened

Fox Factory Holding Corp. (NASDAQ:FOXF) shares hit a new 52-week low on Monday . The stock traded as low as $26.30 and last traded at $25.85, with a volume of 9621 shares. The stock had previously closed at $27.32.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FOXF shares. StockNews.com raised Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Robert W. Baird cut their price target on Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Roth Mkm dropped their target price on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Truist Financial cut their target price on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus raised shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Wednesday, December 11th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Fox Factory has an average rating of “Hold” and an average target price of $40.33.

Fox Factory Price Performance

The stock has a market capitalization of $1.12 billion, a PE ratio of 103.27, a PEG ratio of 1.50 and a beta of 1.58. The company’s 50 day simple moving average is $29.70 and its 200 day simple moving average is $36.08. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its position in Fox Factory by 86.0% during the third quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock worth $25,000 after purchasing an additional 277 shares during the last quarter. Signaturefd LLC grew its stake in shares of Fox Factory by 301.1% during the 3rd quarter. Signaturefd LLC now owns 726 shares of the company’s stock valued at $30,000 after buying an additional 545 shares during the period. nVerses Capital LLC acquired a new stake in shares of Fox Factory during the 3rd quarter worth $42,000. KBC Group NV raised its position in shares of Fox Factory by 36.5% in the 3rd quarter. KBC Group NV now owns 1,377 shares of the company’s stock worth $57,000 after buying an additional 368 shares during the period. Finally, Diversify Wealth Management LLC boosted its holdings in Fox Factory by 10.1% in the fourth quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company’s stock valued at $207,000 after acquiring an additional 680 shares during the last quarter.

Fox Factory Company Profile

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.