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 brokerages have issued 1-year price objectives for Fox Factory's shares. Their FOXF share price targets range from $55.00 to $90.00. On average, they anticipate the company's stock price to reach $68.20 in the next twelve months. This suggests a possible upside of 67.4% from the stock's current price.
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Fox Factory's stock was trading at $67.48 at the beginning of the year. Since then, FOXF stock has decreased by 39.6% and is now trading at $40.74.
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Fox Factory saw a increase in short interest in the month of 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 trading volume, of 620,700 shares, the days-to-cover ratio is presently 3.4 days. Approximately 5.0% of the company's stock are short sold.
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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) posted its quarterly earnings results on Thursday, February, 22nd. The company reported $0.48 EPS for the quarter, missing analysts' consensus estimates 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 trailing twelve-month return on equity of 13.86% and a net margin of 8.25%. The company's 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 earnings per share.

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 updated its first quarter 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share (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 a variety of retail and institutional investors. Top institutional investors include Wasatch Advisors LP (5.86%), Azzad Asset Management Inc. ADV (0.11%), 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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