November 27, 2022

According to Bloomberg.com, the five research firms that follow the company have given shares of Fox Factory Holding Corp. (NASDAQ: FOXF ) a “Moderate Buy” rating as a consensus investment recommendation. In addition, there is one research expert recommendation for investors to hold the stock, while there are three other recommendations for investors to buy the stock. The average one year target price that brokers recently reported on the stock have assigned to the stock is $111.00.

A number of equities research analysts have recently expressed interest in the ticker symbol FOXF. Investment firm Truist Financial reduced their target price on shares of Fox Factory from $130.00 to $108.00 and set a “buy” rating for the company in a research report released on Wednesday, October 5. Additionally, StockNews.com began providing coverage to Fox Factory. shares by publishing a report on the company on October 12. They advised investors to “hold” the stock. Finally, Stifel Nicolaus boosted their target price on Fox Factory from $88.00 to $115.00 and upgraded the stock from a “hold” rating to a “hold” rating in a report on Friday, August 5th. “buy” rating.
Shares of NASDAQ:FOXF opened the trading day on Thursday at $105.98. There is a price-to-earnings ratio of 23.66, a PEG ratio of 1.43 and a beta of 1.69 for the stock. The company’s market capitalization is $4.48 billion. Fox Factory’s lowest price in the last year is $69.28, while its all-time high is $188.48. The debt to equity ratio is 0.31; the quick ratio to current ratio is 1.97 and the current ratio to quick ratio is 3.31. The company’s moving average over the past 50 days is $87.14, and its moving average over the past 200 days is $88.21.
Recent events have caused the corporation to adjust its holdings in various hedge funds and other institutional investors. Hiring a new employee at Fox Factory cost Aurora Investment Counsel approximately $369,000. This was done during the third quarter. Kentucky Teachers Retirement System invested about $2,101.00 in buying a new stake in Fox Factory during the fiscal third quarter. After making additional purchases during the period, FourThought Financial LLC increased its investment in Fox Factory by 87.4% during the third quarter, raising the total value of its holdings to $587,000 in 7,421 shares. Advisors Capital Management LLC purchased a new position in Fox Factory during the fiscal third quarter. The value of this new stake was approximately $1,518,000. In the last step of this process, Glenmede Trust Co. NA grew its holdings in Fox Factory by 6.5% during the third quarter. As a result of buying an additional 786 shares during the period, Glenmede Trust Co. NA now owns a total of 12,921 shares in the company, which is valued at $1,021,000. Institutional investors own up to 98.71 percent of the company’s shares.

The Fox Factory Holding Corp. is a corporation specializing in the development of driving dynamics products, as well as their manufacturing, engineering and global sales. The company offers high-end front fork and rear suspension products for mountain bikes, road bikes and e-bikes, as well as motorized vehicle products for side-by-side vehicles, road vehicles with and without off-road capabilities. road, all-terrain vehicles and trucks, all-terrain vehicles, snowmobiles and special vehicles and applications such as military, motorcycle and commercial trucks. In addition, the company offers products for special vehicles and applications, such as military, motorcycle and commercial trucks.

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