Fox Factory Holding Corp. (NASDAQ:FOXF) Given Average Rating of "Hold" by Analysts

Key Points

• Fox Factory Holding Corp. has received a consensus rating of "Hold" from seven analysts, with an average 12-month target price of $33.00.
• Recent institutional activity shows significant investments, including GAMMA Investing LLC boosting its stake by 8,164.1% in the first quarter.
• In its last earnings report, Fox Factory missed EPS expectations by $0.03 but achieved a revenue of $374.86 million, exceeding analyst predictions.

Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) has received a consensus rating of "Hold" from the seven research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $33.00.

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

Hedge Funds Weigh In On Fox Factory

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in Fox Factory by 8,164.1% during the first quarter. GAMMA Investing LLC now owns 39,585 shares of the company's stock worth $924,000 after buying an additional 39,106 shares during the period. Portside Wealth Group LLC boosted its stake in Fox Factory by 23.7% during the first quarter. Portside Wealth Group LLC now owns 14,625 shares of the company's stock worth $341,000 after buying an additional 2,805 shares during the period. RWWM Inc. boosted its stake in Fox Factory by 79.0% during the first quarter. RWWM Inc. now owns 3,576,560 shares of the company's stock worth $83,477,000 after buying an additional 1,579,029 shares during the period. Precision Wealth Strategies LLC boosted its stake in Fox Factory by 6.3% during the first quarter. Precision Wealth Strategies LLC now owns 9,321 shares of the company's stock worth $218,000 after buying an additional 549 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake in shares of Fox Factory by 113.8% during the 1st quarter. First Horizon Advisors Inc. now owns 1,950 shares of the company's stock worth $46,000 after purchasing an additional 1,038 shares during the period.

Fox Factory Trading Up 1.9%

Shares of Fox Factory stock opened at $23.91 on Thursday. The firm has a market cap of $999.44 million, a price-to-earnings ratio of -3.95 and a beta of 1.37. The business has a 50-day moving average price of $27.71 and a 200-day moving average price of $25.65. 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 has a twelve month low of $17.95 and a twelve month high of $41.69.

Fox Factory (NASDAQ:FOXF - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). Fox Factory had a negative net margin of 17.50% and a positive return on equity of 5.03%. The firm had revenue of $374.86 million for the quarter, compared to analysts' expectations of $349.01 million. During the same quarter in the prior year, the business earned $0.38 EPS. The business's quarterly revenue was up 7.6% compared to the same quarter last year. Fox Factory has set its FY 2025 guidance at 1.600-2.000 EPS. Q3 2025 guidance at 0.450-0.650 EPS. Equities research analysts anticipate 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.

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