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

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

A number of analysts have commented on the stock. Zacks Research raised shares of Fox Factory from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Stifel Nicolaus set a $33.00 target price on shares of Fox Factory in a research report on Tuesday, October 7th. 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, January 6th. CJS Securities raised shares of Fox Factory to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Fox Factory in a research report on Wednesday, October 8th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Divisadero Street Capital Management LP purchased a new stake in Fox Factory in the 2nd quarter worth about $21,228,000. ArrowMark Colorado Holdings LLC increased its holdings in shares of Fox Factory by 72.9% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,239,216 shares of the company’s stock valued at $30,101,000 after purchasing an additional 522,391 shares during the period. WCM Investment Management LLC acquired a new position in shares of Fox Factory in the 3rd quarter valued at about $10,565,000. Tenzing Global Management LLC purchased a new stake in shares of Fox Factory in the second quarter worth approximately $9,079,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Fox Factory during the third quarter worth approximately $3,765,000.

Fox Factory Stock Performance

FOXF opened at $19.45 on Friday. 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 firm has a market cap of $813.03 million, a PE ratio of -3.15 and a beta of 1.46. The business has a fifty day simple moving average of $16.54 and a 200-day simple moving average of $23.15. Fox Factory has a fifty-two week low of $13.08 and a fifty-two week high of $31.18.

Fox Factory (NASDAQ:FOXF) last announced its 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 company had revenue of $376.36 million for the quarter, compared to analysts’ expectations of $382.59 million. During the same period in the prior year, the company earned $0.35 earnings per share. The company’s revenue for the quarter 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. As a group, equities analysts predict that Fox Factory will post 1.31 EPS 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.