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

Fox Factory Holding Corp. (NASDAQ:FOXF) has received an average rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $32.40.

Several brokerages have recently weighed in on FOXF. CJS Securities raised shares of Fox Factory to a “strong-buy” rating in a research report on Thursday, December 11th. Stifel Nicolaus set a $33.00 target price on Fox Factory in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fox Factory in a research report on Wednesday, October 8th. Finally, Zacks Research lowered Fox Factory from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 6th.

Institutional Trading of Fox Factory

Several hedge funds have recently modified their holdings of the company. Penn Capital Management Company LLC grew its holdings in shares of Fox Factory by 2.0% during the third quarter. Penn Capital Management Company LLC now owns 117,197 shares of the company’s stock valued at $2,847,000 after buying an additional 2,317 shares during the last quarter. Caxton Associates LLP lifted its position in Fox Factory by 197.7% during the 3rd quarter. Caxton Associates LLP now owns 26,096 shares of the company’s stock worth $634,000 after acquiring an additional 17,329 shares during the period. Qube Research & Technologies Ltd grew its stake in Fox Factory by 25.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 81,617 shares of the company’s stock valued at $1,982,000 after purchasing an additional 16,710 shares during the last quarter. Numerai GP LLC purchased a new position in shares of Fox Factory in the third quarter worth about $363,000. Finally, Focus Partners Wealth acquired a new stake in shares of Fox Factory during the third quarter worth about $249,000.

Fox Factory Price Performance

Shares of FOXF stock opened at $17.64 on Tuesday. Fox Factory has a twelve month low of $13.08 and a twelve month high of $31.18. The company has a current ratio of 2.98, a quick ratio of 1.36 and a debt-to-equity ratio of 0.69. The stock has a fifty day simple moving average of $17.96 and a two-hundred day simple moving average of $23.99. The stock has a market capitalization of $737.35 million, a price-to-earnings ratio of -2.85 and a beta of 1.53.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings results 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 negative net margin of 17.66% and a positive return on equity of 4.84%. The firm had revenue of $376.36 million for the quarter, compared to analysts’ expectations of $382.59 million. During the same quarter in the prior year, the business posted $0.35 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. Fox Factory has set its FY 2025 guidance at 0.920-1.120 EPS and its Q4 2025 guidance at 0.050-0.250 EPS. On average, analysts predict that Fox Factory will post 1.31 EPS for the current fiscal year.

Fox Factory Company Profile

Fox Factory Holding Corp., headquartered in Duluth, Minnesota, designs, engineers and manufactures high-performance suspension systems, shock absorbers and related components for powersports, light-vehicle and mountain-bike applications. The company’s FOX brand offers a comprehensive portfolio of forks, shocks, coilovers and internal bypass dampers aimed at OEM and aftermarket customers seeking enhanced ride quality, control and durability across off-road vehicles, motorcycles and bicycles.

Founded in 1974 by Bob Fox in California, Fox Factory has expanded its technology base and market reach through strategic acquisitions such as Marzocchi Suspension, DVO Suspension and Walker Evans Racing.