Fox Factory Holding Corp. (NASDAQ:FOXF) Given Consensus Rating of “Hold” by Analysts

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have been assigned a consensus rating of “Hold” from the eight analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $32.40.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FOXF. Inspire Investing LLC increased its holdings in Fox Factory by 3.6% in the 2nd quarter. Inspire Investing LLC now owns 15,079 shares of the company’s stock worth $391,000 after buying an additional 523 shares in the last quarter. Truist Financial Corp grew its stake in shares of Fox Factory by 3.8% in the second quarter. Truist Financial Corp now owns 15,576 shares of the company’s stock worth $404,000 after acquiring an additional 571 shares during the period. First Bank & Trust grew its stake in shares of Fox Factory by 8.1% in the third quarter. First Bank & Trust now owns 8,345 shares of the company’s stock worth $203,000 after acquiring an additional 623 shares during the period. KLP Kapitalforvaltning AS raised its holdings in shares of Fox Factory by 9.2% during 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 last quarter. Finally, Legal & General Group Plc lifted its position in Fox Factory by 0.6% during 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 period.

Fox Factory Stock Performance

Shares of FOXF opened at $17.47 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 2.98 and a debt-to-equity ratio of 0.69. The stock has a market cap of $730.25 million, a P/E ratio of -2.83 and a beta of 1.53. The business’s 50 day moving average price is $18.29 and its 200-day moving average price is $24.14. Fox Factory has a 52 week low of $13.08 and a 52 week high of $31.18.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $376.36 million for the quarter, compared to the consensus estimate of $382.59 million. During the same period last year, the business earned $0.35 EPS. The firm’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. Equities research analysts anticipate that Fox Factory will post 1.31 earnings per share for the current fiscal year.

About Fox Factory

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.