Fox Factory Holding Corp. (NASDAQ:FOXF) Receives $33.00 Consensus Price Target from Analysts

Fox Factory Holding Corp. (NASDAQ:FOXF) has been assigned an average rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $33.00.

FOXF has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fox Factory in a research note on Wednesday. Stifel Nicolaus set a $33.00 price target on Fox Factory in a research note on Tuesday. Finally, B. Riley reaffirmed a “neutral” rating and set a $32.00 price target (up from $26.00) on shares of Fox Factory in a research note on Friday, August 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FOXF. Bridges Investment Management Inc. raised its stake in shares of Fox Factory by 127.8% in the 1st quarter. Bridges Investment Management Inc. now owns 63,455 shares of the company’s stock valued at $1,481,000 after acquiring an additional 35,599 shares in the last quarter. Geneva Capital Management LLC raised its stake in shares of Fox Factory by 4.0% in the 1st quarter. Geneva Capital Management LLC now owns 538,644 shares of the company’s stock valued at $12,572,000 after acquiring an additional 20,692 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Fox Factory by 254.1% in the 1st quarter. GAMMA Investing LLC now owns 1,696 shares of the company’s stock valued at $40,000 after acquiring an additional 1,217 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of Fox Factory by 50.2% in the 1st quarter. GSA Capital Partners LLP now owns 59,792 shares of the company’s stock valued at $1,396,000 after acquiring an additional 19,985 shares in the last quarter. Finally, Advantage Alpha Capital Partners LP raised its stake in shares of Fox Factory by 27.5% in the 1st quarter. Advantage Alpha Capital Partners LP now owns 86,961 shares of the company’s stock valued at $2,030,000 after acquiring an additional 18,740 shares in the last quarter.

Fox Factory Stock Down 4.1%

Shares of Fox Factory stock opened at $22.21 on Thursday. The stock has a 50-day moving average price of $27.42 and a 200 day moving average price of $25.60. The company has a market cap of $928.38 million, a P/E ratio of -3.67 and a beta of 1.37. The company has a current ratio of 3.03, a quick ratio of 1.36 and a debt-to-equity ratio of 0.70. Fox Factory has a 1 year low of $17.95 and a 1 year high of $41.69.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). Fox Factory had a positive return on equity of 5.03% and a negative net margin of 17.50%.The firm had revenue of $374.86 million for the quarter, compared to analysts’ expectations of $349.01 million. During the same period last year, the business earned $0.38 earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. Fox Factory has set its FY 2025 guidance at 1.600-2.000 EPS. Q3 2025 guidance at 0.450-0.650 EPS. As a group, analysts expect that Fox Factory will post 1.31 EPS for the current fiscal year.

Fox Factory Company Profile

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.