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

Fox Factory Holding Corp. (NASDAQ:FOXF) has earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $32.40.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Penn Capital Management Company LLC lifted its stake in shares of Fox Factory by 2.0% in the 3rd quarter. Penn Capital Management Company LLC now owns 117,197 shares of the company’s stock valued at $2,847,000 after purchasing an additional 2,317 shares during the period. Caxton Associates LLP lifted its position in Fox Factory by 197.7% during the third quarter. Caxton Associates LLP now owns 26,096 shares of the company’s stock valued at $634,000 after buying an additional 17,329 shares during the period. Qube Research & Technologies Ltd boosted its holdings in shares of Fox Factory by 25.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 81,617 shares of the company’s stock valued at $1,982,000 after buying an additional 16,710 shares in the last quarter. Numerai GP LLC purchased a new stake in shares of Fox Factory in the 3rd quarter worth about $363,000. Finally, Focus Partners Wealth bought a new position in shares of Fox Factory in the 3rd quarter worth about $249,000.

Fox Factory Stock Up 0.9%

Shares of NASDAQ FOXF opened at $17.47 on Tuesday. The firm’s fifty day moving average is $18.29 and its 200 day moving average is $24.14. Fox Factory has a 52 week low of $13.08 and a 52 week high of $31.18. 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 company has a market cap of $730.25 million, a price-to-earnings ratio of -2.83 and a beta of 1.53.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.33). The firm had revenue of $376.36 million during the quarter, compared to the consensus estimate of $382.59 million. Fox Factory had a positive return on equity of 4.84% and a negative net margin of 17.66%.Fox Factory’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the business earned $0.35 EPS. 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. On average, equities research analysts expect that Fox Factory will post 1.31 earnings per share for the current 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.