Shares of Fox Factory Holding Corp. (NASDAQ:FOXF – Get Free Report) reached a new 52-week low on Wednesday after Stifel Nicolaus lowered their price target on the stock from $56.00 to $45.00. Stifel Nicolaus currently has a hold rating on the stock. Fox Factory traded as low as $39.90 and last traded at $39.99, with a volume of 72353 shares. The stock had previously closed at $40.64.
FOXF has been the topic of several other reports. Truist Financial lowered their price target on Fox Factory from $90.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. StockNews.com cut shares of Fox Factory from a “hold” rating to a “sell” rating in a report on Monday, February 26th. Finally, Bank of America downgraded Fox Factory from a “buy” rating to a “neutral” rating and set a $55.00 target price on the stock. in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $66.00.
Check Out Our Latest Report on Fox Factory
Institutional Trading of Fox Factory
Fox Factory Stock Down 1.6 %
The business’s fifty day simple moving average is $50.75 and its 200 day simple moving average is $62.71. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 3.42 and a beta of 1.64. The company has a current ratio of 3.70, a quick ratio of 1.91 and a debt-to-equity ratio of 0.61.
Fox Factory (NASDAQ:FOXF – Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.34). Fox Factory had a return on equity of 13.86% and a net margin of 8.25%. The firm had revenue of $332.50 million for the quarter, compared to the consensus estimate of $327.07 million. During the same period in the prior year, the business earned $1.43 earnings per share. The company’s revenue for the quarter was down 18.6% compared to the same quarter last year. Equities analysts forecast that Fox Factory Holding Corp. will post 2.42 earnings per share for the current fiscal year.
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.
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