Fox Factory Holding Corp. (NASDAQ:FOXF) has been given “Hold” rating by analysts.

Fox Factory Holding Corp. (NASDAQ:FOXF – Get Free Report ) has been given an average recommendation of “Hold” by the six analysts that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $47.00.

FOXF has been the subject of several analyst reports. B. Riley cut their price target on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Bank of America cut their price target on shares of Fox Factory from $55.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday, May 6th. Stifel Nicolaus decreased their price target on shares of Fox Factory from $56.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, April 24th. Robert W. Baird decreased their price objective on shares of Fox Factory from $48.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Roth Mkm cut their price objective on shares of Fox Factory from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd .

Read the latest stock analysis on FOXF

Insider buying and selling

In other Fox Factory news, insider Thomas L. Fletcher sold 2,000 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $44.41, for a total transaction of $88,820.00. Following the completion of the sale, the insider now directly owns 11,311 shares in the company, valued at $502,321.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In related news, CEO Michael C. Dennison acquired 4,800 shares of Fox Factory stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average price of $41.44 per share, for a total transaction of $198,912.00. Following the completion of the transaction, the chief executive officer now directly owns 135,066 shares of the company’s stock, valued at $5,597,135.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, insider Thomas L. Fletcher sold 2,000 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $44.41, for a total transaction of $88,820.00. Following the transaction, the insider now owns 11,311 shares in the company, valued at approximately $502,321.51. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

Institutional investors are stepping in on the Fox plant

Several large investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. boosted its stake in Fox Factory by 4.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,510 shares of the company’s stock valued at $1,317,000 after purchasing an additional 806 shares during the period. WCM Investment Management LLC boosted its stake in Fox Factory by 7.7% in the 4th quarter. WCM Investment Management LLC now owns 192,313 shares of the company’s stock valued at $13,137,000 after buying an additional 13,683 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in Fox Factory during the fourth quarter valued at $803,000. VELA Investment Management LLC boosted its position in shares of Fox Factory by 56.6% during the 4th quarter. VELA Investment Management LLC now owns 18,302 shares of the company’s stock valued at $1,235,000 after purchasing an additional 6,613 shares during the the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Fox Factory by 44.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,187 shares of the company’s stock worth $687,000 after bought an additional 3,122 shares in the last quarter.

Fox Factory trading down 1.9%

Shares of Fox Factory opened at $39.53 on Friday. Fox Factory has a 52 week low of $37.48 and a 52 week high of $117.68. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.85, and a current ratio of 3.43. The firm has a market cap of $1.65 billion, a PE ratio of 22.08, a PEG ratio of 2.10 and a beta of 1.66. The company’s 50-day simple moving average is $47.28, and its 200-day simple moving average is $49.64.

Fox Factory (NASDAQ:FOXF – Get Your Free Report ) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. Fox Factory had a net margin of 3.07% and a return on equity of 7.62%. The business had revenue of $348.49 million during the quarter, compared to analysts’ expectations of $346.22 million. In the same quarter last year, the company earned $1.21 EPS. The company’s quarterly revenue was down 13.0% year over year. equities research analysts forecast that Fox Factory will post 2.4 earnings per share for the current year.

About Fox Factory

(Get a free report

Fox Factory Holding Corp. designs, engineers, manufactures and markets products and systems that define performance worldwide. The company offers motorized vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, all-terrain vehicles and trucks, off-road vehicles, snowmobiles and special application vehicles and applications such as military, motorcycles and commercial trucks ; lift kits and components with shock products and aftermarket truck accessory packages; and mid and high range front fork and rear suspension products.

Featured stories

Get news and reviews for Fox Factory Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Fox Factory and related companies with MarketBeat.com’s FREE daily email newsletter.