Fox Factory Holding Corp. (NASDAQ:FOXF) Given Consensus Rating of "Moderate Buy" by Analysts

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 been given a consensus recommendation of "Moderate Buy" by the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $33.50.

Several brokerages have recently issued reports on FOXF. B. Riley reaffirmed a "neutral" rating and issued a $32.00 price objective (up previously from $26.00) on shares of Fox Factory in a research note on Friday, August 8th. Stifel Nicolaus lifted their price objective on shares of Fox Factory from $34.00 to $36.00 and gave the stock a "buy" rating in a research note on Friday, August 8th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. RWWM Inc. increased its position in shares of Fox Factory by 79.0% in 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 in the last quarter. The Manufacturers Life Insurance Company grew its position in Fox Factory by 4.2% during the first quarter. The Manufacturers Life Insurance Company now owns 1,409,387 shares of the company's stock valued at $32,895,000 after purchasing an additional 57,145 shares in the last quarter. Geode Capital Management LLC grew its position in Fox Factory by 2.4% during the second quarter. Geode Capital Management LLC now owns 1,039,477 shares of the company's stock valued at $26,967,000 after purchasing an additional 24,156 shares in the last quarter. Divisadero Street Capital Management LP purchased a new position in Fox Factory during the second quarter valued at approximately $21,228,000. Finally, Nantahala Capital Management LLC grew its position in Fox Factory by 15.9% during the second quarter. Nantahala Capital Management LLC now owns 728,648 shares of the company's stock valued at $18,901,000 after purchasing an additional 100,000 shares in the last quarter.

Fox Factory Trading Down 5.4%

Shares of NASDAQ:FOXF opened at $27.25 on Friday. The company has a market cap of $1.14 billion, a PE ratio of -4.50 and a beta of 1.48. The company's 50-day moving average price is $28.79 and its 200 day moving average price is $25.70. Fox Factory has a fifty-two week low of $17.95 and a fifty-two week high of $44.27. 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 issued its quarterly earnings data 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). The firm had revenue of $374.86 million during the quarter, compared to the consensus estimate of $349.01 million. Fox Factory had a negative net margin of 17.50% and a positive return on equity of 5.03%. The company's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Sell-side analysts anticipate that Fox Factory will post 1.31 earnings per share for the current 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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