Fox Factory (NASDAQ:FOXF) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Fox Factory Holding Corp. (NASDAQ:FOXF) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $16.90 and traded as high as $18.47. Fox Factory shares last traded at $18.33, with a volume of 611,165 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FOXF. Zacks Research lowered shares of Fox Factory from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 6th. Stifel Nicolaus set a $33.00 target price on shares of Fox Factory in a research report on Tuesday, October 7th. CJS Securities upgraded shares of Fox Factory to a “strong-buy” rating in a research note on Thursday, December 11th. Roth Capital decreased their price objective on shares of Fox Factory from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fox Factory in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Fox Factory presently has a consensus rating of “Hold” and a consensus target price of $30.17.

Fox Factory Stock Up 0.9%

The company has a debt-to-equity ratio of 0.69, a current ratio of 2.98 and a quick ratio of 1.36. The firm’s 50 day moving average price is $16.90 and its two-hundred day moving average price is $23.44. The firm has a market cap of $766.21 million, a price-to-earnings ratio of -2.97 and a beta of 1.46.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data 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 firm’s revenue 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, sell-side analysts forecast that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Institutional Trading of Fox Factory

Several hedge funds have recently made changes to their positions in FOXF. First Horizon Corp acquired a new position in shares of Fox Factory during the third quarter worth about $25,000. Federated Hermes Inc. acquired a new position in Fox Factory during the 3rd quarter worth approximately $25,000. CWM LLC raised its stake in shares of Fox Factory by 91.3% during the 2nd quarter. CWM LLC now owns 2,565 shares of the company’s stock worth $67,000 after buying an additional 1,224 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Fox Factory by 136.1% in the 2nd quarter. GAMMA Investing LLC now owns 4,004 shares of the company’s stock valued at $104,000 after buying an additional 2,308 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Fox Factory by 115.2% in the second quarter. Nisa Investment Advisors LLC now owns 4,288 shares of the company’s stock valued at $111,000 after buying an additional 2,295 shares in the last quarter.

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.