Fox Factory (NASDAQ:FOXF) Given Sell (D) Rating at Weiss Ratings

Key Points

• Fox Factory's stock received a "sell (D)" rating from Weiss Ratings, indicating potential negative outlook from analysts.
• While three analysts have rated the stock as a Buy, the consensus rating remains a "Hold," with a target price of $33.00.
• The company missed earnings expectations for the last quarter, reporting $0.40 EPS against a consensus of $0.43, despite higher-than-expected revenue of $374.86 million.

Fox Factory (NASDAQ:FOXF - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus set a $33.00 price target on shares of Fox Factory in a report on Tuesday. B. Riley reaffirmed a "neutral" rating and issued a $32.00 target price (up from $26.00) on shares of Fox Factory in a research note on Friday, August 8th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $33.00.

Fox Factory Price Performance

NASDAQ FOXF opened at $23.91 on Wednesday. The company has a market cap of $999.44 million, a PE ratio of -3.95 and a beta of 1.37. Fox Factory has a 52 week low of $17.95 and a 52 week high of $41.69. The company has a quick ratio of 1.36, a current ratio of 3.03 and a debt-to-equity ratio of 0.70. The firm's 50-day simple moving average is $27.71 and its two-hundred day simple moving average is $25.65.

Fox Factory (NASDAQ:FOXF - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). The business had revenue of $374.86 million for the quarter, compared to analysts' expectations of $349.01 million. Fox Factory had a negative net margin of 17.50% and a positive return on equity of 5.03%. Fox Factory'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. Research analysts predict that Fox Factory will post 1.31 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FOXF. GAMMA Investing LLC raised its stake in shares of Fox Factory by 8,164.1% during the first quarter. GAMMA Investing LLC now owns 39,585 shares of the company's stock worth $924,000 after acquiring an additional 39,106 shares in the last quarter. RWWM Inc. raised its stake 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 in the last quarter. Precision Wealth Strategies LLC raised its stake in shares of Fox Factory by 6.3% during the first quarter. Precision Wealth Strategies LLC now owns 9,321 shares of the company's stock worth $218,000 after acquiring an additional 549 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of Fox Factory by 113.8% during the first quarter. First Horizon Advisors Inc. now owns 1,950 shares of the company's stock worth $46,000 after acquiring an additional 1,038 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Fox Factory by 2.6% during the first quarter. Principal Financial Group Inc. now owns 231,030 shares of the company's stock worth $5,392,000 after acquiring an additional 5,863 shares in the last quarter.

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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