Fox Factory Holding Corp. (NASDAQ:FOXF) Given Average Rating of “Hold” by Brokerages

Fox Factory Holding Corp. (NASDAQ:FOXF) has been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $30.1667.

A number of research firms have recently commented on FOXF. CJS Securities raised Fox Factory to a “strong-buy” rating in a report on Thursday, December 11th. Zacks Research cut Fox Factory from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fox Factory in a report on Thursday, January 22nd. Finally, Roth Mkm decreased their price target on Fox Factory from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 6th.

Fox Factory Stock Performance

Shares of FOXF stock opened at $19.82 on Wednesday. The firm’s 50 day moving average is $18.07 and its 200 day moving average is $22.00. The stock has a market capitalization of $828.50 million, a P/E ratio of -3.21 and a beta of 1.50. Fox Factory has a 12 month low of $13.08 and a 12 month high of $31.18. The company has a current ratio of 2.98, a quick ratio of 1.36 and a debt-to-equity ratio of 0.69.

Institutional Trading of Fox Factory

Several institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its position in shares of Fox Factory by 82.2% during the 1st quarter. Royal Bank of Canada now owns 12,898 shares of the company’s stock valued at $301,000 after purchasing an additional 5,820 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Fox Factory by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,142 shares of the company’s stock valued at $587,000 after buying an additional 1,103 shares during the period. Millennium Management LLC grew its position in Fox Factory by 18.7% during the first quarter. Millennium Management LLC now owns 464,493 shares of the company’s stock worth $10,841,000 after buying an additional 73,090 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Fox Factory during the first quarter worth about $263,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Fox Factory by 20.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,431 shares of the company’s stock worth $2,041,000 after acquiring an additional 15,021 shares during the last quarter.

About Fox Factory

Fox Factory Holding Corp., headquartered in Duluth, Minnesota, designs, engineers and manufactures high-performance suspension systems, shock absorbers and related components for powersports, light-vehicle and mountain-bike applications. The company’s FOX brand offers a comprehensive portfolio of forks, shocks, coilovers and internal bypass dampers aimed at OEM and aftermarket customers seeking enhanced ride quality, control and durability across off-road vehicles, motorcycles and bicycles.

Founded in 1974 by Bob Fox in California, Fox Factory has expanded its technology base and market reach through strategic acquisitions such as Marzocchi Suspension, DVO Suspension and Walker Evans Racing.