Fox Factory (NASDAQ:FOXF) Hits New 1-Year Low – What’s Next?

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) hit a new 52-week low during trading on Friday . The company traded as low as $13.99 and last traded at $14.11, with a volume of 1104221 shares trading hands. The stock had previously closed at $14.82.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Stifel Nicolaus set a $33.00 target price on Fox Factory in a report on Tuesday, October 7th. Weiss Ratings restated a “sell (d)” rating on shares of Fox Factory in a research note on Wednesday, October 8th. B. Riley reaffirmed a “neutral” rating and issued a $32.00 target price (up from $26.00) on shares of Fox Factory in a research report on Friday, August 8th. Finally, Zacks Research downgraded shares of Fox Factory from a “hold” rating to a “strong sell” rating in a report on Thursday, November 6th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $32.40.

Fox Factory Stock Down 4.8%

The firm’s fifty day moving average is $23.73 and its two-hundred day moving average is $25.67. The firm has a market cap of $589.81 million, a price-to-earnings ratio of -2.33 and a beta of 1.43. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.03 and a quick ratio of 1.36.

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

Hedge Funds Weigh In On Fox Factory

Several hedge funds have recently modified their holdings of the company. First Horizon Corp bought a new stake in shares of Fox Factory in the 3rd quarter worth $25,000. Federated Hermes Inc. acquired a new position in Fox Factory during the third quarter worth about $25,000. CWM LLC raised its position in Fox Factory by 76.2% in the first 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. Nisa Investment Advisors LLC lifted its holdings in Fox Factory by 474.4% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,993 shares of the company’s stock valued at $47,000 after acquiring an additional 1,646 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Fox Factory by 136.1% in the 2nd quarter. GAMMA Investing LLC now owns 4,004 shares of the company’s stock valued at $104,000 after acquiring an additional 2,308 shares during the last quarter.

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.