Fox Factory (NASDAQ:FOXF) Reaches New 52-Week Low – Time to Sell?

Fox Factory Holding Corp. (NASDAQ:FOXF) shares hit a new 52-week low during trading on Saturday . The company traded as low as $16.04 and last traded at $16.37, with a volume of 3294206 shares. The stock had previously closed at $21.96.

Analyst Ratings Changes

A number of research firms have recently weighed in on FOXF. Weiss Ratings restated a “sell (d)” rating on shares of Fox Factory in a report on Wednesday, October 8th. Zacks Research cut Fox Factory from a “hold” rating to a “strong sell” rating in a research note on Thursday. 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 note on Tuesday, October 7th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $32.40.

Fox Factory Stock Down 25.5%

The firm has a market capitalization of $684.28 million, a PE ratio of -2.71 and a beta of 1.43. The stock has a 50-day simple moving average of $24.79 and a 200-day simple moving average of $25.83. The company has a quick ratio of 1.36, a current ratio of 3.03 and a debt-to-equity ratio of 0.70.

Fox Factory (NASDAQ:FOXF) last issued its quarterly 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). Fox Factory had a negative net margin of 17.50% and a positive return on equity of 5.03%. The firm 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 EPS. The firm’s quarterly 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. Q4 2025 guidance at 0.050-0.250 EPS. Analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Hedge Funds Weigh In On Fox Factory

Several large investors have recently modified their holdings of FOXF. Synovus Financial Corp lifted its stake in shares of Fox Factory by 49.3% during the 3rd quarter. Synovus Financial Corp now owns 15,366 shares of the company’s stock valued at $373,000 after buying an additional 5,076 shares in the last quarter. Advisors Capital Management LLC grew its stake in Fox Factory by 3.2% in the 3rd quarter. Advisors Capital Management LLC now owns 122,416 shares of the company’s stock valued at $2,973,000 after buying an additional 3,818 shares in the last quarter. GSA Capital Partners LLP raised its holdings in Fox Factory by 181.3% during the 3rd quarter. GSA Capital Partners LLP now owns 55,279 shares of the company’s stock valued at $1,343,000 after acquiring an additional 35,626 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Fox Factory by 23.8% during the third quarter. PNC Financial Services Group Inc. now owns 7,365 shares of the company’s stock worth $179,000 after acquiring an additional 1,415 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of Fox Factory by 14.8% during the third quarter. Public Sector Pension Investment Board now owns 163,004 shares of the company’s stock worth $3,959,000 after acquiring an additional 21,030 shares in the last quarter.

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.