Fox Factory (FOXF) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fox Factory in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FOXF shares.
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6 brokerages have issued 12 month target prices for Fox Factory's stock. Their FOXF share price forecasts range from $120.00 to $135.00. On average, they predict the company's share price to reach $127.80 in the next twelve months. This suggests a possible upside of 41.9% from the stock's current price.
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Fox Factory's stock was trading at $91.23 at the start of the year. Since then, FOXF stock has decreased by 1.3% and is now trading at $90.07.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Fox Factory Holding Corp. (NASDAQ:FOXF) posted its quarterly earnings data on Thursday, May, 4th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.02. The firm earned $399.90 million during the quarter, compared to analyst estimates of $393.85 million. Fox Factory had a trailing twelve-month return on equity of 20.99% and a net margin of 12.25%. The company's revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.32 EPS.

ETFs with the largest weight of Fox Factory (NASDAQ:FOXF) stock in their portfolio include MFAM Small-Cap Growth ETF (MFMS), Motley Fool Small-Cap Growth ETF (TMFS), BlackRock Future Innovators ETF (BFTR), First Trust Mid Cap Growth AlphaDEX Fund (FNY), Vanguard S&P Mid-Cap 400 Growth ETF (IVOG), iShares S&P Mid-Cap 400 Growth ETF (IJK), SPDR S&P 400 Mid CapGrowth ETF (MDYG) and iShares Russell 2000 Growth ETF (IWO).

Fox Factory updated its FY23 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of $5.00-$5.30 for the period, compared to the consensus earnings per share estimate of $5.37. The company issued revenue guidance of $1.67-$1.70 billion, compared to the consensus revenue estimate of $1.69 billion.

8 employees have rated Fox Factory Chief Executive Officer Mike Dennison on Glassdoor.com. Mike Dennison has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Fox Factory investors own include Advanced Micro Devices (AMD), Ciena (CIEN), NVIDIA (NVDA), Energy Transfer (ET), Bank of America (BAC), Pfizer (PFE), Applied Materials (AMAT), Cisco Systems (CSCO), Edwards Lifesciences (EW) and Intelsat (I).

Fox Factory trades on the NASDAQ under the ticker symbol "FOXF."

Fox Factory's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.93%), Kayne Anderson Rudnick Investment Management LLC (8.59%), Wasatch Advisors LP (6.10%), Clearbridge Investments LLC (3.25%), William Blair Investment Management LLC (3.25%) and State Street Corp (3.25%). Insiders that own company stock include Christopher Tutton, Dudley W Mendenhall, Elizabeth A Fetter, Larry L Enterline, Michael C Dennison, Richard T Winters and Thomas L Fletcher.
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Shares of FOXF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FOXF stock can currently be purchased for approximately $90.07.

Fox Factory (NASDAQ:FOXF) has a market capitalization of $3.81 billion and generates $1.60 billion in revenue each year. The company earns $205.28 million in net income (profit) each year or $4.69 on an earnings per share basis.

The company employs 4,400 workers across the globe.

Fox Factory's mailing address is 6634 Highway 53, Braselton GA, 30517. The official website for the company is www.ridefox.com. The company can be reached via phone at (831) 274-6500, via email at katie.turner@icrinc.com, or via fax at 831-768-9342.