Brokerages Set Fox Factory Holding Corp. (NASDAQ:FOXF) Target Price at $32.40

Fox Factory Holding Corp. (NASDAQ:FOXF) has earned an average rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $32.40.

A number of equities analysts recently commented on the stock. Stifel Nicolaus set a $33.00 price target on shares of Fox Factory in a research note on Tuesday, October 7th. Zacks Research downgraded shares of Fox Factory from a “hold” rating to a “strong sell” rating in a research note on Thursday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fox Factory in a research note on Wednesday, October 8th. Finally, B. Riley reiterated a “neutral” rating and issued a $32.00 price target (up from $26.00) on shares of Fox Factory in a report on Friday, August 8th.

Institutional Trading of Fox Factory

Institutional investors and hedge funds have recently made changes to their positions in the business. First Horizon Corp bought a new position in shares of Fox Factory in the third quarter worth about $25,000. Federated Hermes Inc. purchased a new stake in Fox Factory in the 3rd quarter valued at about $25,000. CWM LLC grew its stake in Fox Factory by 76.2% in the 1st quarter. CWM LLC now owns 1,341 shares of the company’s stock worth $31,000 after acquiring an additional 580 shares in the last quarter. GAMMA Investing LLC grew its stake in Fox Factory by 254.1% in the 1st quarter. GAMMA Investing LLC now owns 1,696 shares of the company’s stock worth $40,000 after acquiring an additional 1,217 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of Fox Factory by 113.8% during the first quarter. First Horizon Advisors Inc. now owns 1,950 shares of the company’s stock worth $46,000 after acquiring an additional 1,038 shares during the period.

Fox Factory Stock Performance

NASDAQ FOXF opened at $16.37 on Monday. The business’s 50 day moving average price is $24.79 and its 200-day moving average price is $25.91. Fox Factory has a fifty-two week low of $16.04 and a fifty-two week high of $35.36. The company has a market cap of $684.28 million, a P/E ratio of -2.71 and a beta of 1.43. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.36 and a current ratio of 3.03.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.33). Fox Factory had a positive return on equity of 5.03% and a negative net margin of 17.50%.The firm had revenue of $376.36 million for the quarter, compared to analysts’ expectations of $382.59 million. During the same period in the previous year, the firm earned $0.35 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. Fox Factory has set its FY 2025 guidance at 0.920-1.120 EPS. Q4 2025 guidance at 0.050-0.250 EPS. Sell-side analysts predict that Fox Factory will post 1.31 earnings per share for the current year.

Fox Factory Company Profile

Fox Factory Holding Corp. designs, engineers, manufactures, and markets performance-defining products and system worldwide. The company offers powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks; lift kits and components with shock products and aftermarket accessory packages for trucks; and mid-end and high-end front fork and rear suspension products.