Analysts Set Fox Factory Holding Corp. (NASDAQ:FOXF) PT at $33.50

Key Points

• Fox Factory Holding Corp. (NASDAQ:FOXF) has received a consensus rating of "Moderate Buy" from six analysts, with three holding and three buying the stock, and an average price target of $33.50.
• In the latest quarterly earnings report, Fox Factory missed earnings expectations with $0.40 per share, compared to the consensus estimate of $0.43, while revenue increased by 7.6% from the previous year.
• The company has experienced significant institutional investment activity, with RWWM Inc. increasing its position by 79% in the first quarter, indicating growing confidence among large investors.

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) have received a consensus rating of "Moderate Buy" from the six brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $33.50.

A number of analysts recently weighed in on FOXF shares. B. Riley reissued a "neutral" rating and issued a $32.00 price objective (up from $26.00) on shares of Fox Factory in a research report on Friday, August 8th. Stifel Nicolaus increased their price objective on shares of Fox Factory from $34.00 to $36.00 and gave the stock a "buy" rating in a research report on Friday, August 8th.

Fox Factory Price Performance

Shares of FOXF traded up $0.23 during midday trading on Friday, hitting $26.25. 499,494 shares of the company traded hands, compared to its average volume of 396,591. The firm has a 50 day moving average of $28.66 and a 200-day moving average of $25.70. Fox Factory has a 52 week low of $17.95 and a 52 week high of $44.27. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -4.34 and a beta of 1.48. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.36 and a current ratio of 3.03.

Fox Factory (NASDAQ:FOXF - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.40 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 business had revenue of $374.86 million during the quarter, compared to the consensus estimate of $349.01 million. During the same period in the previous year, the business posted $0.38 EPS. The firm'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. On average, analysts forecast that Fox Factory will post 1.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Fox Factory

A number of institutional investors have recently modified their holdings of FOXF. RWWM Inc. increased its position in shares of 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 acquiring an additional 1,579,029 shares during the period. Divisadero Street Capital Management LP purchased a new position in shares of Fox Factory during the second quarter worth approximately $21,228,000. Tenzing Global Management LLC purchased a new position in shares of Fox Factory during the second quarter worth approximately $9,079,000. Millennium Management LLC increased its position in shares of Fox Factory by 722.1% during the fourth quarter. Millennium Management LLC now owns 391,403 shares of the company's stock worth $11,848,000 after acquiring an additional 343,793 shares during the period. Finally, Algert Global LLC purchased a new position in shares of Fox Factory during the first quarter worth approximately $3,695,000.

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.