Analysts Set Fox Factory Holding Corp. (NASDAQ:FOXF) Price Target at $34.86

Key Points

• Fox Factory Holding Corp. (NASDAQ:FOXF) has received an average rating of "Hold" from analysts, with four hold ratings and three buy ratings among seven brokerages.
• The company's recent quarterly earnings report showed an EPS of $0.40, missing estimates, but revenue increased by 7.6% year-over-year.
• Several hedge funds have significantly increased their stakes in Fox Factory, including Bridges Investment Management, which raised its position by 127.8% during the first quarter.

Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) has been given a consensus recommendation of "Hold" by the seven brokerages that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $34.8571.

Several equities research analysts have recently weighed in on the company. Truist Financial upped their price target on Fox Factory from $28.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Stifel Nicolaus upped their price target on Fox Factory from $34.00 to $36.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, B. Riley reiterated a "neutral" rating and set a $32.00 price target (up from $26.00) on shares of Fox Factory in a research report on Friday, August 8th.

Fox Factory Stock Performance

Fox Factory stock traded up $1.97 during midday trading on Wednesday, reaching $30.35. The stock had a trading volume of 462,969 shares, compared to its average volume of 738,627. Fox Factory has a 12 month low of $17.95 and a 12 month high of $44.27. The firm's 50-day moving average price is $27.91 and its 200 day moving average price is $25.42. The firm has a market capitalization of $1.27 billion, a PE ratio of -5.02 and a beta of 1.50. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $349.01 million. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The company's revenue 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, research analysts predict that Fox Factory will post 1.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fox Factory

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC increased its position in shares of Fox Factory by 76.2% in the first quarter. CWM LLC now owns 1,341 shares of the company's stock worth $31,000 after purchasing an additional 580 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Fox Factory by 142.8% during the first quarter. Versant Capital Management Inc now owns 1,372 shares of the company's stock valued at $32,000 after purchasing an additional 807 shares during the period. GAMMA Investing LLC boosted its stake in shares of Fox Factory by 254.1% during the first quarter. GAMMA Investing LLC now owns 1,696 shares of the company's stock valued at $40,000 after purchasing an additional 1,217 shares during the period. Quarry LP purchased a new stake in shares of Fox Factory during the fourth quarter valued at approximately $45,000. Finally, First Horizon Advisors Inc. boosted its stake in shares of Fox Factory by 113.8% during the first quarter. First Horizon Advisors Inc. now owns 1,950 shares of the company's stock valued at $46,000 after purchasing an additional 1,038 shares during the period.

About Fox Factory

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.