Fox Factory (NASDAQ:FOXF) Share Price Passes Above Fifty Day Moving Average – Time to Sell?

Fox Factory Holding Corp. (NASDAQ:FOXF)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $16.90 and traded as high as $18.47. Fox Factory shares last traded at $18.33, with a volume of 611,165 shares.

Wall Street Analyst Weigh In

Several brokerages have commented on FOXF. Weiss Ratings restated a “sell (d)” rating on shares of Fox Factory in a research report on Wednesday, October 8th. Stifel Nicolaus set a $33.00 price objective on shares of Fox Factory in a report on Tuesday, October 7th. CJS Securities upgraded shares of Fox Factory to a “strong-buy” rating in a research report on Thursday, December 11th. Roth Capital reduced their price target on shares of Fox Factory from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Zacks Research lowered Fox Factory from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.17.

Fox Factory Price Performance

The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.36 and a current ratio of 2.98. The company has a 50-day moving average of $16.90 and a 200-day moving average of $23.44. The stock has a market capitalization of $766.21 million, a price-to-earnings ratio of -2.97 and a beta of 1.46.

Fox Factory (NASDAQ:FOXF) last announced its 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). 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 analyst estimates of $382.59 million. During the same quarter last year, the company posted $0.35 EPS. Fox Factory’s quarterly revenue was up 4.8% compared to the same quarter last year. 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 expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of Fox Factory by 82.2% during the first quarter. Royal Bank of Canada now owns 12,898 shares of the company’s stock worth $301,000 after buying an additional 5,820 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Fox Factory by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,142 shares of the company’s stock worth $587,000 after acquiring an additional 1,103 shares during the period. Millennium Management LLC grew its stake in Fox Factory by 18.7% in the 1st quarter. Millennium Management LLC now owns 464,493 shares of the company’s stock worth $10,841,000 after acquiring an additional 73,090 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Fox Factory in the 1st quarter valued at $263,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Fox Factory by 20.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,431 shares of the company’s stock worth $2,041,000 after purchasing an additional 15,021 shares during the period.

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.