Fox Factory Holding Corp. (NASDAQ:FOXF) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Shares have an average analyst consensus of “Hold” from eight firms, with opinions ranging from sell to strong buy and a one-year average target price of $28.60.
• In the most recent quarter Fox Factory reported EPS of $0.20 (vs. $0.14 expected) and revenue of $361.1M (vs. $353.9M expected), yet it still showed a negative net margin of 37.11% despite modest revenue growth year-over-year.
• FOXF is trading around $16.31 with a market cap of about $681.8M, a 12‑month range of $13.08–$31.18 and a negative PE (-1.25), reflecting its current unprofitable status.

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) have earned an average recommendation of "Hold" from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $28.60.

Several research analysts recently weighed in on the company. Zacks Research upgraded Fox Factory from a "strong sell" rating to a "hold" rating in a research report on Thursday. Weiss Ratings restated a "sell (d)" rating on shares of Fox Factory in a research report on Thursday, January 22nd. CJS Securities raised Fox Factory to a "strong-buy" rating in a research note on Thursday, December 11th. Finally, Roth Mkm lowered their price target on Fox Factory from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Tuesday, January 6th.

Fox Factory Price Performance

Shares of FOXF stock opened at $16.31 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.86 and a quick ratio of 1.37. The company has a market capitalization of $681.77 million, a PE ratio of -1.25 and a beta of 1.50. The firm's 50-day moving average is $18.61 and its two-hundred day moving average is $20.69. Fox Factory has a 12 month low of $13.08 and a 12 month high of $31.18.

Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.06. The business had revenue of $361.07 million during the quarter, compared to analysts' expectations of $353.88 million. Fox Factory had a negative net margin of 37.11% and a positive return on equity of 5.06%. The business's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 EPS. Analysts predict that Fox Factory will post 1.31 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. First Horizon Corp acquired a new stake in shares of Fox Factory during the third quarter valued at about $25,000. Federated Hermes Inc. acquired a new position in shares of Fox Factory in the 3rd quarter worth approximately $25,000. Hantz Financial Services Inc. boosted its position in shares of Fox Factory by 188.1% during the 4th quarter. Hantz Financial Services Inc. now owns 2,057 shares of the company's stock worth $35,000 after purchasing an additional 1,343 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Fox Factory by 108.3% during the 4th quarter. Farther Finance Advisors LLC now owns 2,075 shares of the company's stock worth $36,000 after purchasing an additional 1,079 shares during the period. Finally, Covestor Ltd increased its holdings in Fox Factory by 693.3% in the 4th quarter. Covestor Ltd now owns 2,943 shares of the company's stock valued at $50,000 after purchasing an additional 2,572 shares during the last quarter.

Fox Factory Company Profile

Fox Factory Holding Corp., headquartered in Duluth, Minnesota, designs, engineers and manufactures high-performance suspension systems, shock absorbers and related components for powersports, light-vehicle and mountain-bike applications. The company's FOX brand offers a comprehensive portfolio of forks, shocks, coilovers and internal bypass dampers aimed at OEM and aftermarket customers seeking enhanced ride quality, control and durability across off-road vehicles, motorcycles and bicycles.

Founded in 1974 by Bob Fox in California, Fox Factory has expanded its technology base and market reach through strategic acquisitions such as Marzocchi Suspension, DVO Suspension and Walker Evans Racing.

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