Fox Factory (NASDAQ:FOXF) Stock Dropped to “Hold” by Zacks Research

Zacks Research lowered shares of Fox Factory (NASDAQ:FOXF) from a strong-buy rating to a hold rating in a report issued on Tuesday,Zacks reports.

A number of other analysts have also weighed in on FOXF. Roth Capital reissued a “neutral” rating and issued a $17.00 price target on shares of Fox Factory in a report on Monday. Bank of America downgraded Fox Factory from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $24.00 to $20.00 in a report on Tuesday, June 30th. Fox Advisors set a $20.00 price objective on Fox Factory in a research report on Tuesday, June 30th. Stifel Nicolaus set a $25.00 price objective on Fox Factory in a research report on Wednesday, September 30th. Finally, B. Riley Financial lowered their target price on Fox Factory from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.60.

Fox Factory Stock Down 2.2%

Shares of NASDAQ:FOXF opened at $14.85 on Tuesday. Fox Factory has a 12 month low of $13.08 and a 12 month high of $25.43. The company’s 50-day moving average price is $19.33 and its two-hundred day moving average price is $18.32. The company has a quick ratio of 1.55, a current ratio of 3.10 and a debt-to-equity ratio of 0.96. The firm has a market cap of $624.16 million, a P/E ratio of -2.08, a P/E/G ratio of 1.39 and a beta of 1.41.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.19. Fox Factory had a negative net margin of 20.39% and a positive return on equity of 5.57%. The firm had revenue of $358.12 million during the quarter, compared to analysts’ expectations of $352.94 million. During the same quarter last year, the company posted $0.40 EPS. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. As a group, research analysts forecast that Fox Factory will post 1.12 EPS for the current fiscal year.

Institutional Trading of Fox Factory

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in shares of Fox Factory by 62.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,802 shares of the company’s stock valued at $70,000 after purchasing an additional 1,456 shares during the period. Byrne Asset Management LLC acquired a new stake in shares of Fox Factory during the third quarter worth $156,000. Versant Capital Management Inc grew its stake in shares of Fox Factory by 49.8% during the third quarter. Versant Capital Management Inc now owns 3,054 shares of the company’s stock worth $56,000 after purchasing an additional 1,015 shares during the period. Corient Private Wealth LP grew its stake in shares of Fox Factory by 11.1% during the second quarter. Corient Private Wealth LP now owns 119,632 shares of the company’s stock worth $2,027,000 after purchasing an additional 11,921 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Fox Factory by 6.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 68,487 shares of the company’s stock valued at $1,161,000 after purchasing an additional 4,383 shares during the last quarter.

Key Headlines Impacting Fox Factory

Here are the key news stories impacting Fox Factory this week:

• Positive Sentiment: Fox Factory maintained full-year 2026 revenue guidance of approximately $1.4 billion, in line with the consensus estimate, suggesting management still expects the business to recover or strengthen later in the year.
• Neutral Sentiment: Earlier bullish commentary noted Fox Factory’s history of earnings surprises, analyst estimate increases and technically oversold conditions, which could support a short-term rebound after the stock’s recent selloff. Will Fox Factory Holding Beat Estimates Again Fox Factory Loses 19.9 Percent in Four Weeks
• Neutral Sentiment: B. Riley lowered its price target to $16 from $20 while keeping a Neutral rating, reflecting reduced expectations but not a strongly bearish investment stance. B. Riley Adjusts Fox Factory Price Target
• Negative Sentiment: Third-quarter revenue guidance of $336 million to $340 million is substantially below the $367.8 million consensus estimate, indicating weaker-than-expected operating performance.
• Negative Sentiment: Fourth-quarter revenue guidance of $287 million to $313 million is also well below the $349.5 million consensus estimate, increasing concern that weakness may persist through year-end.
• Negative Sentiment: Levi & Korsinsky announced an investigation into potential securities-law violations related to Fox Factory’s weaker preliminary third-quarter sales. The investigation does not establish wrongdoing, but it adds legal and reputational risk. Levi and Korsinsky Investigation

About Fox Factory

Fox Factory Holding Corp. designs, engineers, manufactures and markets performance products for cycling, powered vehicles and other recreational applications. The company is best known for its suspension systems and components, including forks, shocks and related technologies used on mountain bikes, motorcycles, snowmobiles, trucks and side-by-side vehicles.

Through brands including FOX, Race Face, Easton Cycling, Marzocchi, Ride Concepts, Bell, Giro and CamelBak, Fox Factory offers bicycle components, wheels, drivetrain and cockpit products, cycling shoes, helmets, protective equipment, hydration products and apparel.