ValuEngine upgraded shares of Fox Factory (NASDAQ:FOXF) from a hold rating to a buy rating in a report published on Thursday morning.
Several other brokerages also recently issued reports on FOXF. BidaskClub downgraded Fox Factory from a sell rating to a strong sell rating in a report on Monday, February 5th. DA Davidson reiterated a buy rating on shares of Fox Factory in a research report on Monday, May 7th. Finally, Zacks Investment Research upgraded Fox Factory from a hold rating to a buy rating and set a $39.00 price objective on the stock in a research report on Tuesday, March 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Fox Factory presently has a consensus rating of Hold and an average price target of $39.50.
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Shares of Fox Factory opened at $38.25 on Thursday, Marketbeat.com reports. Fox Factory has a 1 year low of $31.15 and a 1 year high of $46.80. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 1.81 and a beta of 0.63. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.45 and a quick ratio of 1.30.
Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings results on Wednesday, May 2nd. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. Fox Factory had a return on equity of 26.52% and a net margin of 10.78%. The business had revenue of $129.80 million during the quarter, compared to the consensus estimate of $125.76 million. During the same quarter last year, the firm posted $0.35 EPS. The company’s quarterly revenue was up 22.1% on a year-over-year basis. sell-side analysts forecast that Fox Factory will post 1.83 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the business. Xact Kapitalforvaltning AB bought a new position in Fox Factory during the 1st quarter worth $252,000. Legal & General Group Plc increased its position in Fox Factory by 2.5% during the 1st quarter. Legal & General Group Plc now owns 69,532 shares of the company’s stock worth $2,411,000 after buying an additional 1,709 shares during the period. Cubist Systematic Strategies LLC increased its position in Fox Factory by 25.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 7,631 shares of the company’s stock worth $266,000 after buying an additional 1,568 shares during the period. Barclays PLC increased its position in Fox Factory by 73.9% during the 1st quarter. Barclays PLC now owns 18,129 shares of the company’s stock worth $634,000 after buying an additional 7,707 shares during the period. Finally, A.R.T. Advisors LLC bought a new position in Fox Factory during the 1st quarter worth $732,000. Hedge funds and other institutional investors own 99.89% of the company’s stock.
About Fox Factory
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers front fork and rear suspension products for mountain bikes and road bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles.
To view ValuEngine’s full report, visit ValuEngine’s official website.