Fox Factory (NASDAQ:FOXF) Shares Down 5.3% - What's Next?

Key Points

• Fox Factory Holding Corp. shares dropped 5.3% during trading, closing at $24.24 after trading as low as $24.22, with a significant decrease in volume.
• Analysts have mixed ratings on the stock, with three recommending a buy, three a hold, and one a sell, alongside a consensus price target of $33.50.
• The company's latest earnings report showed a miss on EPS expectations but a year-over-year revenue increase of 7.6%.

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) dropped 5.3% during trading on Monday . The company traded as low as $24.22 and last traded at $24.24. Approximately 238,012 shares were traded during trading, a decline of 60% from the average daily volume of 591,313 shares. The stock had previously closed at $25.60.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Stifel Nicolaus raised their target price on Fox Factory from $34.00 to $36.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. B. Riley reissued a "neutral" rating and set a $32.00 price objective (up from $26.00) on shares of Fox Factory in a research report on Friday, August 8th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Fox Factory in a research note on Saturday, September 27th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $33.50.

Fox Factory Price Performance

The stock has a market capitalization of $1.01 billion, a PE ratio of -3.99 and a beta of 1.37. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.36 and a current ratio of 3.03. The stock's 50-day moving average is $27.97 and its 200 day moving average is $25.67.

Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The firm had revenue of $374.86 million for the quarter, compared to analyst estimates of $349.01 million. Fox Factory had a positive return on equity of 5.03% and a negative net margin of 17.50%.The firm's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. Fox Factory has set its FY 2025 guidance at 1.600-2.000 EPS. Q3 2025 guidance at 0.450-0.650 EPS. As a group, equities analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Hedge Funds Weigh In On Fox Factory

Several institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC increased 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 during the period. Portside Wealth Group LLC raised its stake in shares of Fox Factory by 23.7% during the 1st quarter. Portside Wealth Group LLC now owns 14,625 shares of the company's stock worth $341,000 after buying an additional 2,805 shares in the last quarter. RWWM Inc. lifted its holdings 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 buying an additional 1,579,029 shares during the period. Precision Wealth Strategies LLC lifted its holdings in shares of Fox Factory by 6.3% in the 1st quarter. Precision Wealth Strategies LLC now owns 9,321 shares of the company's stock valued at $218,000 after buying an additional 549 shares during the period. Finally, First Horizon Advisors Inc. raised its position in Fox Factory by 113.8% in 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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.