Fox Factory (NASDAQ:FOXF) Announces Earnings Results

Fox Factory (NASDAQ:FOXF) posted its quarterly earnings results on Thursday. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.33), Briefing.com reports. The company 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%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 earnings per share. Fox Factory updated its FY 2025 guidance to 0.920-1.120 EPS and its Q4 2025 guidance to 0.050-0.250 EPS.

Fox Factory Stock Performance

NASDAQ FOXF traded down $5.70 during trading on Friday, reaching $16.26. 1,529,281 shares of the company’s stock were exchanged, compared to its average volume of 585,389. Fox Factory has a fifty-two week low of $16.05 and a fifty-two week high of $35.36. The stock has a market capitalization of $679.68 million, a P/E ratio of -2.70 and a beta of 1.43. The business has a 50 day moving average price of $25.04 and a 200-day moving average price of $25.85. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.03 and a quick ratio of 1.36.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FOXF. Weiss Ratings restated a “sell (d)” rating on shares of Fox Factory in a research report on Wednesday, October 8th. B. Riley reissued a “neutral” rating and issued a $32.00 target price (up from $26.00) on shares of Fox Factory in a research report on Friday, August 8th. Finally, Stifel Nicolaus set a $33.00 price target on Fox Factory in a research report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $32.40.

Institutional Investors Weigh In On Fox Factory

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its holdings in shares of Fox Factory by 12.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,818 shares of the company’s stock valued at $203,000 after acquiring an additional 858 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Fox Factory by 526.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,925 shares of the company’s stock valued at $206,000 after purchasing an additional 6,659 shares during the period. Diversify Wealth Management LLC purchased a new position in shares of Fox Factory during the second quarter valued at approximately $217,000. Caxton Associates LLP bought a new position in Fox Factory in the 2nd quarter valued at $227,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Fox Factory in the first quarter valued at approximately $263,000.

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.