Fox Factory (FOXF) Raised to Hold at BidaskClub
Fox Factory (NASDAQ:FOXF) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Tuesday.
A number of other research firms also recently weighed in on FOXF. Zacks Investment Research downgraded shares of Fox Factory from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. SunTrust Banks reaffirmed a “hold” rating and issued a $36.00 target price on shares of Fox Factory in a research report on Friday, October 20th. Bank of America raised their target price on shares of Fox Factory from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, October 24th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Fox Factory in a research report on Wednesday, November 1st. Finally, ValuEngine downgraded shares of Fox Factory from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. Fox Factory has a consensus rating of “Hold” and an average target price of $39.43.
Fox Factory (NASDAQ FOXF) opened at $39.20 on Tuesday. The firm has a market cap of $1,480.00, a price-to-earnings ratio of 30.15, a P/E/G ratio of 1.54 and a beta of 0.56. Fox Factory has a 12-month low of $25.74 and a 12-month high of $46.80. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.48 and a quick ratio of 1.41.
Several hedge funds and other institutional investors have recently bought and sold shares of FOXF. Ameritas Investment Partners Inc. lifted its stake in shares of Fox Factory by 76.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,076 shares of the company’s stock worth $110,000 after buying an additional 1,332 shares during the last quarter. Amalgamated Bank acquired a new stake in shares of Fox Factory during the 3rd quarter worth about $209,000. Polen Capital Management LLC acquired a new stake in shares of Fox Factory during the 3rd quarter worth about $225,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of Fox Factory during the 3rd quarter worth about $230,000. Finally, Capital Fund Management S.A. acquired a new stake in shares of Fox Factory during the 4th quarter worth about $233,000. Institutional investors own 97.98% of the company’s stock.
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About Fox Factory
Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.
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