Fox Factory (NASDAQ:FOXF) Updates FY 2025 Earnings Guidance

Key Points

• Fox Factory has updated its FY 2025 earnings guidance, projecting earnings per share of 1.600-2.000 compared to the consensus estimate of 1.805, with revenue guidance set at $1.5 billion.
• The company's stock rose 3.0% to $30.10 following the earnings guidance update, with a market cap of $1.26 billion.
• Brokerages have mixed views with Stifel Nicolaus lowering its price target from $40.00 to $34.00 while Truist Financial increased its target from $28.00 to $34.00, maintaining a buy rating.

Fox Factory (NASDAQ:FOXF - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 1.600-2.000 for the period, compared to the consensus earnings per share estimate of 1.805. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.4 billion. Fox Factory also updated its Q3 2025 guidance to 0.450-0.650 EPS.

Analyst Ratings Changes

A number of brokerages have recently commented on FOXF. Stifel Nicolaus lowered their price objective on Fox Factory from $40.00 to $34.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Truist Financial upped their price objective on Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Fox Factory currently has an average rating of "Hold" and an average target price of $35.00.

Fox Factory Stock Up 3.0%

Fox Factory stock traded up $0.88 during trading on Thursday, reaching $30.10. 883,620 shares of the company's stock were exchanged, compared to its average volume of 717,140. The company's 50-day moving average is $27.36 and its two-hundred day moving average is $25.36. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.36 and a current ratio of 3.18. Fox Factory has a 52-week low of $17.95 and a 52-week high of $44.27. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -5.03 and a beta of 1.50.

Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Fox Factory had a negative net margin of 17.64% and a positive return on equity of 4.70%. The company's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 earnings per share. On average, analysts predict that Fox Factory will post 1.31 earnings per share for the current year.

Hedge Funds Weigh In On Fox Factory

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FOXF. Dynamic Technology Lab Private Ltd purchased a new position in Fox Factory in the 1st quarter valued at about $263,000. Royal Bank of Canada boosted its position in Fox Factory by 82.2% in the 1st quarter. Royal Bank of Canada now owns 12,898 shares of the company's stock valued at $301,000 after buying an additional 5,820 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Fox Factory by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,142 shares of the company's stock valued at $587,000 after buying an additional 1,103 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Fox Factory by 123.8% during the first quarter. Jane Street Group LLC now owns 79,445 shares of the company's stock worth $1,854,000 after purchasing an additional 43,952 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Fox Factory by 20.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,431 shares of the company's stock worth $2,041,000 after purchasing an additional 15,021 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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