Fox Factory Holding Corp. (NSD:FOXF) has experienced a significant reduction in its holdings by Dupont Capital Management Corp in Q4 2022. According to a recent disclosure with the Securities and Exchange Commission (SEC), the fund sold 2,102 shares, reducing its holdings by 44.5% and owning 2,619 shares of the company’s stock, valued at $239,000 as of the filing. Other institutional investors have also recently made changes to their FOXF holdings. Meanwhile, analysts have set new price targets for the stock, with the consensus being a “Hold” rating and a target price of $127.80. The stock opened at $115.51 on Wednesday, and FOXF currently has a market capitalization of $4.89 billion.
FOXF reported strong Q4 2021 earnings, with $1.43 earnings per share (EPS) and revenue of $408.60 million, surpassing analysts’ estimates. The company also had a return on equity of 22.55% and a net margin of 12.81%. Despite this, the stock has a 12-month low of $69.28 and a high of $127.54. Its price earnings ratio stands at 23.87, and it has a beta of 1.84. Hedge funds and institutional investors own 98.71% of the company’s stock. With the recent changes in holdings and analyst ratings, it remains to be seen how the stock will perform in the coming months.
Fox Factory Corp Stock Forecast
Fox Factory Holding Corp is expected to see its stock price reach an average target of USD 129.25 over the next 12 months, according to seven analysts. The company currently has an average analyst rating of Buy, and Stock Target Advisor’s analysis is Slightly Bullish based on 10 positive signals and 5 negative signals. However, the stock price of Fox Factory Holding Corp closed at USD 115.51 in the last trading session, indicating a -5.85% change over the past week, a +1.36% change over the past month, and a +22.60% change over the last year.
Company Overview
Fox Factory Holding Corp is expected to see its stock price reach an average target of USD 129.25 over the next 12 months, according to seven analysts. The company currently has an average analyst rating of Buy, and Stock Target Advisor’s analysis is Slightly Bullish based on 10 positive signals and 5 negative signals. However, the stock price of Fox Factory Holding Corp closed at USD 115.51 in the last trading session, indicating a -5.85% change over the past week, a +1.36% change over the past month, and a +22.60% change over the last year.
