Fox Factory Holding (FOXF) Receives a Hold from Berenberg Bank

Berenberg Bank analyst Rudy Yang maintained a Hold rating on Fox Factory Holding (FOXFResearch Report) on May 20 and set a price target of $92.00. The company’s shares closed last Friday at $78.96, close to its 52-week low of $74.67.

According to TipRanks.com, Yang is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -22.1% and a 3.4% success rate. Yang covers the Consumer Goods sector, focusing on stocks such as Floor & Decor Holdings, Callaway Golf, and Leslie’s.

Currently, the analyst consensus on Fox Factory Holding is a Moderate Buy with an average price target of $135.80, implying a 68.8% upside from current levels. In a report issued on May 5, Robert W. Baird also maintained a Hold rating on the stock with a $165.00 price target.

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Fox Factory Holding’s market cap is currently $3.33B and has a P/E ratio of 19.24.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FOXF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Fox Factory Holding Corp. engages in designing, engineering, manufacturing, and marketing performance ride dynamics products. Its product categories include bicycles; side-by-sides; on-road vehicles with off-road capabilities; off-road vehicles and trucks; all-terrain vehicles; snowmobiles; specialty vehicles and applications; and motorcycles. It operates through the following geographic segments: North America, Asia, Europe, and Rest of the World. The company was founded on December 28, 2007 and is headquartered in Braselton, GA.

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