Fox Factory (NASDAQ:FOXF – Get Rating) had its price objective lowered by analysts at Jefferies Financial Group from $140.00 to $110.00 in a research note issued on Friday, The Fly reports. Jefferies Financial Group’s price objective would indicate a potential upside of 39.21% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on FOXF. Truist Financial decreased their price target on shares of Fox Factory from $200.00 to $175.00 in a report on Monday, February 28th. StockNews.com initiated coverage on shares of Fox Factory in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, TheStreet cut shares of Fox Factory from a “b” rating to a “c+” rating in a report on Thursday, March 10th.
Fox Factory stock opened at $79.02 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.05 and a quick ratio of 1.93. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 0.73 and a beta of 1.80. Fox Factory has a one year low of $69.28 and a one year high of $190.29. The company’s fifty day moving average price is $82.18 and its two-hundred day moving average price is $113.03.
Slaving away for 70 hrs a week as a lawyer in Chicago, I was miserable.
I ran into guys who worked the trading floor at the local exchange. I began trading the same way they did. I started out with $50K (much more than I needed, actually).
I grew my $50K into $5.3M
Fox Factory (NASDAQ:FOXF – Get Rating) last posted its earnings results on Thursday, May 5th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.13 by $0.19. The firm had revenue of $377.98 million for the quarter, compared to the consensus estimate of $335.60 million. Fox Factory had a net margin of 12.46% and a return on equity of 23.11%. The business’s quarterly revenue was up 34.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 earnings per share. As a group, sell-side analysts anticipate that Fox Factory will post 5.17 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in FOXF. Covestor Ltd lifted its stake in shares of Fox Factory by 58.4% in the first quarter. Covestor Ltd now owns 358 shares of the company’s stock valued at $35,000 after buying an additional 132 shares during the period. Logan Capital Management Inc. lifted its stake in shares of Fox Factory by 34.5% in the first quarter. Logan Capital Management Inc. now owns 601 shares of the company’s stock valued at $59,000 after buying an additional 154 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Fox Factory in the first quarter valued at about $69,000. Stephens Inc. AR lifted its stake in shares of Fox Factory by 20.7% in the first quarter. Stephens Inc. AR now owns 774 shares of the company’s stock valued at $76,000 after buying an additional 133 shares during the period. Finally, Captrust Financial Advisors lifted its stake in shares of Fox Factory by 167.5% in the first quarter. Captrust Financial Advisors now owns 840 shares of the company’s stock valued at $82,000 after buying an additional 526 shares during the period. Institutional investors own 99.49% of the company’s stock.
About Fox Factory (Get Rating)
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers mid-end and high-end front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and 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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in Fox Factory right now?
Before you consider Fox Factory, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Fox Factory wasn’t on the list.
While Fox Factory currently has a “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.
