Fox Factory Holding Corp. (NASDAQ:FOXF) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Analysts give Fox Factory an average rating of Hold (8 analysts: 1 sell, 4 hold, 2 buy, 1 strong buy) with a 12‑month average price target of $28.60.
• The company beat last quarter's estimates—EPS $0.20 vs. $0.14 and revenue $361.1M vs. $353.9M—but still reports a negative net margin of -37.11% and a negative P/E, with shares trading around $17 (one‑year high $31.18).
• Institutional buying has increased, notably Invesco raising its stake by 58.6% to 342,448 shares, while several other funds added new or larger positions in the fourth quarter.

Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) has been given an average recommendation of "Hold" by the eight analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $28.60.

A number of research analysts have issued reports on the stock. CJS Securities upgraded shares of Fox Factory to a "strong-buy" rating in a research note on Thursday, December 11th. Zacks Research upgraded shares of Fox Factory from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 5th. Roth Mkm dropped their price objective on shares of Fox Factory from $21.00 to $19.00 and set a "neutral" rating on the stock in a report on Tuesday, January 6th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Fox Factory in a research report on Thursday, January 22nd.

Fox Factory Trading Up 3.5%

Shares of NASDAQ:FOXF opened at $17.03 on Thursday. The business's 50-day moving average is $17.95 and its 200 day moving average is $19.14. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.86 and a quick ratio of 1.37. Fox Factory has a 1 year low of $13.08 and a 1 year high of $31.18. The firm has a market capitalization of $714.07 million, a P/E ratio of -1.31 and a beta of 1.46.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FOXF. Invesco Ltd. lifted its holdings in shares of Fox Factory by 58.6% during the fourth quarter. Invesco Ltd. now owns 342,448 shares of the company's stock worth $5,859,000 after purchasing an additional 126,477 shares during the period. Veradace Capital Management LLC acquired a new position in Fox Factory in the 4th quarter worth approximately $287,000. State of Tennessee Department of Treasury raised its position in Fox Factory by 78.8% during the 4th quarter. State of Tennessee Department of Treasury now owns 23,472 shares of the company's stock worth $432,000 after buying an additional 10,345 shares during the last quarter. Empowered Funds LLC purchased a new position in Fox Factory during the 4th quarter worth approximately $3,285,000. Finally, VARCOV Co. acquired a new stake in Fox Factory during the 4th quarter valued at approximately $762,000.

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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