Fox Factory (FOXF) Stock Price, News & Analysis

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fox Factory in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" FOXF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FOXF, but not buy additional shares or sell existing shares.
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5 brokers have issued 12 month target prices for Fox Factory's shares. Their FOXF share price targets range from $55.00 to $90.00. On average, they anticipate the company's share price to reach $68.20 in the next twelve months. This suggests a possible upside of 65.6% from the stock's current price.
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Fox Factory's stock was trading at $67.48 at the beginning of 2024. Since then, FOXF shares have decreased by 39.0% and is now trading at $41.19.
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Fox Factory saw a increase in short interest in March. As of March 31st, there was short interest totaling 2,090,000 shares, an increase of 14.2% from the March 15th total of 1,830,000 shares. Based on an average daily volume of 620,700 shares, the days-to-cover ratio is currently 3.4 days. Currently, 5.0% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
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Fox Factory will be holding an earnings conference call on Thursday, May 2nd at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Fox Factory Holding Corp. (NASDAQ:FOXF) released its quarterly earnings results on Thursday, February, 22nd. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.82 by $0.34. The company had revenue of $332.50 million for the quarter, compared to analyst estimates of $327.07 million. Fox Factory had a net margin of 8.25% and a trailing twelve-month return on equity of 13.86%. Fox Factory's quarterly revenue was down 18.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 EPS.

ETFs with the largest weight of Fox Factory (NASDAQ:FOXF) stock in their portfolio include MFAM Small-Cap Growth ETF (MFMS), Motley Fool Small-Cap Growth ETF (TMFS) and BlackRock Future Innovators ETF (BFTR).Invesco S&P SmallCap Consumer Discretionary ETF (PSCD).

Fox Factory issued an update on its first quarter 2024 earnings guidance on Thursday, February, 22nd. The company provided EPS guidance of 0.170-0.270 for the period, compared to the consensus EPS estimate of 1.150. The company issued revenue guidance of $315.0 million-$350.0 million, compared to the consensus revenue estimate of $425.7 million.

8 employees have rated Fox Factory Chief Executive Officer Mike Dennison on Glassdoor.com. Mike Dennison has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Fox Factory investors own include Advanced Micro Devices (AMD), Ciena (CIEN), NVIDIA (NVDA), Energy Transfer (ET), Bank of America (BAC), Pfizer (PFE), Applied Materials (AMAT), Cisco Systems (CSCO), Edwards Lifesciences (EW) and Intelsat (I).

Fox Factory's stock is owned by many different retail and institutional investors. Top institutional shareholders include Partnership Wealth Management LLC (0.04%), Brookstone Capital Management (0.02%), NBC Securities Inc. (0.02%) and Cannon Global Investment Management LLC (0.01%). Insiders that own company stock include Christopher Tutton, Dudley W Mendenhall, Elizabeth A Fetter, Michael C Dennison, Paul Stecher, Richard T Winters, Thomas L Fletcher and Thomas L Fletcher.
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Shares of FOXF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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