Fox Factory Holding Corp. (NASDAQ:FOXF) Receives Consensus Rating of “Hold” from Brokerages

Fox Factory Holding Corp. (NASDAQ:FOXF) has been assigned an average recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $30.1667.

Several brokerages recently issued reports on FOXF. Zacks Research raised shares of Fox Factory from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Roth Mkm dropped their price target on Fox Factory from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 6th. CJS Securities upgraded Fox Factory to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Fox Factory in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus set a $33.00 target price on Fox Factory in a research note on Tuesday, October 7th.

Hedge Funds Weigh In On Fox Factory

A number of institutional investors have recently bought and sold shares of the company. Inspire Investing LLC boosted its position in Fox Factory by 3.6% during the second quarter. Inspire Investing LLC now owns 15,079 shares of the company’s stock worth $391,000 after acquiring an additional 523 shares during the last quarter. Truist Financial Corp lifted its stake in shares of Fox Factory by 3.8% during the 2nd quarter. Truist Financial Corp now owns 15,576 shares of the company’s stock worth $404,000 after purchasing an additional 571 shares during the period. First Bank & Trust boosted its holdings in shares of Fox Factory by 8.1% during the third quarter. First Bank & Trust now owns 8,345 shares of the company’s stock worth $203,000 after purchasing an additional 623 shares during the last quarter. KLP Kapitalforvaltning AS grew its position in shares of Fox Factory by 9.2% in the third quarter. KLP Kapitalforvaltning AS now owns 8,300 shares of the company’s stock valued at $202,000 after purchasing an additional 700 shares during the period. Finally, Legal & General Group Plc increased its stake in Fox Factory by 0.6% in the second quarter. Legal & General Group Plc now owns 111,190 shares of the company’s stock valued at $2,884,000 after purchasing an additional 705 shares during the last quarter.

Fox Factory Stock Performance

NASDAQ FOXF opened at $19.22 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.98 and a quick ratio of 1.36. The stock’s 50 day simple moving average is $16.78 and its 200-day simple moving average is $22.93. The company has a market cap of $803.40 million, a PE ratio of -3.11 and a beta of 1.46. Fox Factory has a 1-year low of $13.08 and a 1-year high of $31.18.

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). The firm had revenue of $376.36 million during the quarter, compared to analyst estimates of $382.59 million. Fox Factory had a negative net margin of 17.66% and a positive return on equity of 4.84%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 earnings per share. 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. As a group, equities research analysts anticipate 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.