Fox Factory (NASDAQ:FOXF) Shares Down 5.7% - Time to Sell?

Key Points

• Fox Factory's stock prices fell by 5.7%, trading at $27.36, which is a significant decrease from its previous close of $29.01, with a trading volume decline of 62% compared to the average.
• Analysts have set new price targets for Fox Factory, with Truist Financial raising their target to $34.00, indicating a "buy" rating, while three other analysts have rated the stock a "buy" and four have assigned a "hold" rating, leading to an average target of $34.86.
• In its latest earnings report, Fox Factory missed consensus estimates with $0.40 EPS, but reported a revenue of $374.86 million, which is 7.6% higher year-over-year.

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) traded down 5.7% during mid-day trading on Wednesday . The company traded as low as $27.42 and last traded at $27.36. 230,447 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 598,721 shares. The stock had previously closed at $29.01.

Analysts Set New Price Targets

A number of research firms have weighed in on FOXF. Truist Financial upped their price target on Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. B. Riley reaffirmed a "neutral" rating and set a $32.00 price target (up from $26.00) on shares of Fox Factory in a report on Friday, August 8th. Finally, Stifel Nicolaus upped their price objective on shares of Fox Factory from $34.00 to $36.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Fox Factory presently has an average rating of "Hold" and an average price target of $34.86.

Fox Factory Price Performance

The company has a market cap of $1.17 billion, a P/E ratio of -4.63 and a beta of 1.48. The company's 50-day moving average price is $28.80 and its two-hundred day moving average price is $25.66. The company has a current ratio of 3.03, a quick ratio of 1.36 and a debt-to-equity ratio of 0.70.

Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its quarterly 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). Fox Factory had a positive return on equity of 5.03% and a negative net margin of 17.50%.The firm had revenue of $374.86 million during the quarter, compared to analyst estimates of $349.01 million. During the same quarter last year, the business posted $0.38 earnings per share. The firm's revenue for the quarter was up 7.6% on a year-over-year basis. 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, sell-side analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FOXF. CWM LLC increased its holdings in shares of Fox Factory by 76.2% in the 1st quarter. CWM LLC now owns 1,341 shares of the company's stock worth $31,000 after acquiring an additional 580 shares during the period. Versant Capital Management Inc raised its stake in shares of Fox Factory by 142.8% during the first quarter. Versant Capital Management Inc now owns 1,372 shares of the company's stock valued at $32,000 after purchasing an additional 807 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Fox Factory by 254.1% during the 1st quarter. GAMMA Investing LLC now owns 1,696 shares of the company's stock worth $40,000 after buying an additional 1,217 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Fox Factory by 113.8% in the 1st 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 during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Fox Factory by 474.4% in the first quarter. Nisa Investment Advisors LLC now owns 1,993 shares of the company's stock valued at $47,000 after acquiring an additional 1,646 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.

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