Fox Factory (NASDAQ:FOXF) Reaches New 12-Month Low – What’s Next?

Fox Factory Holding Corp. (NASDAQ:FOXF)’s share price reached a new 52-week low during trading on Friday . The company traded as low as $13.99 and last traded at $14.11, with a volume of 1104221 shares changing hands. The stock had previously closed at $14.82.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FOXF shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fox Factory in a research note on Wednesday, October 8th. Zacks Research lowered shares of Fox Factory from a “hold” rating to a “strong sell” rating in a report on Thursday, November 6th. B. Riley reaffirmed a “neutral” rating and set a $32.00 price objective (up from $26.00) on shares of Fox Factory in a report on Friday, August 8th. Finally, Stifel Nicolaus set a $33.00 target price on shares of Fox Factory in a research report on Tuesday, October 7th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $32.40.

Fox Factory Stock Performance

The company has a market cap of $590.23 million, a price-to-earnings ratio of -2.33 and a beta of 1.43. The firm’s 50 day simple moving average is $23.43 and its 200-day simple moving average is $25.66. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.36 and a current ratio of 3.03.

Fox Factory (NASDAQ:FOXF) last issued 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). The business had revenue of $376.36 million during the quarter, compared to analyst estimates of $382.59 million. Fox Factory had a negative net margin of 17.50% and a positive return on equity of 5.03%. Fox Factory’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company earned $0.35 earnings per share. Fox Factory has set its FY 2025 guidance at 0.920-1.120 EPS. Q4 2025 guidance at 0.050-0.250 EPS. On average, sell-side analysts predict that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Hedge Funds Weigh In On Fox Factory

A number of institutional investors have recently added to or reduced their stakes in FOXF. Divisadero Street Capital Management LP purchased a new stake in shares of Fox Factory in the 2nd quarter valued at approximately $21,228,000. WCM Investment Management LLC purchased a new position in Fox Factory in the third quarter worth approximately $10,565,000. Tenzing Global Management LLC acquired a new stake in Fox Factory during the second quarter worth $9,079,000. Algert Global LLC acquired a new stake in Fox Factory during the first quarter worth $3,695,000. Finally, Nuveen LLC purchased a new stake in Fox Factory in the first quarter valued at $3,664,000.

About Fox Factory

Fox Factory Holding Corp. designs, engineers, manufactures, and markets performance-defining products and system worldwide. The company offers powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks; lift kits and components with shock products and aftermarket accessory packages for trucks; and mid-end and high-end front fork and rear suspension products.