B. Riley Issues Positive Forecast for Fox Factory (NASDAQ:FOXF) Stock Price

Key Points

• B. Riley raised the price target for Fox Factory (NASDAQ: FOXF) from $26.00 to $32.00, indicating a potential upside of 15.01% based on the current stock price.
• Other research firms have varying price targets, with Truist Financial setting a target of $34.00 and Stifel Nicolaus adjusting theirs down to $34.00, reflecting diverse analyst perspectives.
• The company's most recent earnings report showed a 7.6% increase in revenue year-over-year, though it fell short of EPS expectations, which highlights mixed financial performance.

Fox Factory (NASDAQ:FOXF - Get Free Report) had its target price hoisted by stock analysts at B. Riley from $26.00 to $32.00 in a report released on Friday,Benzinga reports. The firm presently has a "neutral" rating on the stock. B. Riley's target price suggests a potential upside of 14.00% from the stock's current price. B. Riley also issued estimates for Fox Factory's Q4 2025 earnings at $0.54 EPS and FY2025 earnings at $1.70 EPS.

A number of other analysts have also issued reports on FOXF. Stifel Nicolaus decreased their price target on Fox Factory from $40.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Truist Financial raised their price target on Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $34.86.

Fox Factory Trading Down 6.7%

NASDAQ:FOXF traded down $2.03 during mid-day trading on Friday, reaching $28.07. The company's stock had a trading volume of 1,565,414 shares, compared to its average volume of 729,403. The company's fifty day simple moving average is $27.41 and its two-hundred day simple moving average is $25.32. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.18 and a quick ratio of 1.36. Fox Factory has a twelve month low of $17.95 and a twelve month high of $44.27. The stock has a market cap of $1.17 billion, a P/E ratio of -4.64 and a beta of 1.50.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). Fox Factory had a positive return on equity of 4.85% and a negative net margin of 17.50%. The business had revenue of $374.86 million during the quarter, compared to analyst estimates of $349.01 million. During the same period in the previous year, the business posted $0.38 earnings per share. The firm's quarterly revenue was up 7.6% on a year-over-year basis. On average, equities analysts predict that Fox Factory will post 1.31 EPS for the current year.

Hedge Funds Weigh In On Fox Factory

Several hedge funds and other institutional investors have recently modified their holdings of FOXF. RWWM Inc. lifted its stake in shares of Fox Factory by 79.0% in the 1st quarter. RWWM Inc. now owns 3,576,560 shares of the company's stock valued at $83,477,000 after purchasing an additional 1,579,029 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Fox Factory by 6,413.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,352,242 shares of the company's stock valued at $40,932,000 after purchasing an additional 1,331,480 shares in the last quarter. Nantahala Capital Management LLC acquired a new position in shares of Fox Factory in the 4th quarter valued at about $19,252,000. Millennium Management LLC lifted its stake in shares of Fox Factory by 722.1% in the 4th quarter. Millennium Management LLC now owns 391,403 shares of the company's stock valued at $11,848,000 after purchasing an additional 343,793 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Fox Factory by 46.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 821,380 shares of the company's stock valued at $24,863,000 after buying an additional 261,140 shares during the period.

About Fox Factory

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.