Brokerages 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 an average rating of "Hold" by the seven ratings firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $34.8571.

A number of analysts recently weighed in on FOXF shares. Stifel Nicolaus lifted their price target on Fox Factory from $34.00 to $36.00 and gave the company a "buy" rating in a research note on Friday, August 8th. B. Riley restated a "neutral" rating and issued a $32.00 price target (up from $26.00) on shares of Fox Factory in a research note on Friday, August 8th. Finally, Truist Financial lifted their price target on Fox Factory from $28.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th.

Fox Factory Stock Performance

Shares of NASDAQ FOXF traded up $1.97 during trading hours on Wednesday, reaching $30.35. The stock had a trading volume of 462,969 shares, compared to its average volume of 712,456. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of -5.02 and a beta of 1.50. 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 fifty-two week low of $17.95 and a fifty-two week high of $44.27. The firm has a 50-day moving average of $27.91 and a 200-day moving average of $25.41.

Fox Factory (NASDAQ:FOXF - Get Free Report) last announced its earnings results 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). The firm had revenue of $374.86 million during the quarter, compared to analyst estimates of $349.01 million. Fox Factory had a negative net margin of 17.50% and a positive return on equity of 5.03%. The firm's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share. 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 predict that Fox Factory will post 1.31 earnings per share for the current year.

Institutional Investors Weigh In On Fox Factory

A number of institutional investors and hedge funds have recently bought and sold shares of FOXF. CWM LLC lifted its holdings in shares of Fox Factory by 76.2% during the 1st quarter. CWM LLC now owns 1,341 shares of the company's stock valued at $31,000 after acquiring an additional 580 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Fox Factory by 142.8% during the 1st quarter. Versant Capital Management Inc now owns 1,372 shares of the company's stock valued at $32,000 after acquiring an additional 807 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Fox Factory by 254.1% during 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. Quarry LP acquired a new position in shares of Fox Factory during the 4th quarter valued at $45,000. Finally, First Horizon Advisors Inc. lifted its holdings 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 valued at $46,000 after acquiring an additional 1,038 shares in the last quarter.

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.