Fox Factory Stock Price, News & Analysis (NASDAQ:FOXF)

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fox Factory in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FOXF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FOXF, but not buy additional shares or sell existing shares.
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8 Wall Street research analysts have issued 1 year price objectives for Fox Factory's stock. Their FOXF share price targets range from $74.00 to $135.00. On average, they anticipate the company's stock price to reach $103.43 in the next twelve months. This suggests a possible upside of 67.3% from the stock's current price.
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Fox Factory's stock was trading at $91.23 at the beginning of 2023. Since then, FOXF stock has decreased by 32.2% and is now trading at $61.81.
View the best growth stocks for 2023 here.

Fox Factory saw a decline in short interest in November. As of November 15th, there was short interest totaling 1,410,000 shares, a decline of 50.5% from the October 31st total of 2,850,000 shares. Based on an average daily volume of 372,400 shares, the short-interest ratio is currently 3.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
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Fox Factory Holding Corp. (NASDAQ:FOXF) posted its quarterly earnings data on Thursday, November, 2nd. The company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.10 by $0.05. The company earned $331.12 million during the quarter, compared to the consensus estimate of $397.68 million. Fox Factory had a net margin of 11.02% and a trailing twelve-month return on equity of 17.58%.

ETFs with the largest weight of Fox Factory (NASDAQ:FOXF) stock in their portfolio include BlackRock Future Innovators ETF (BFTR), MFAM Small-Cap Growth ETF (MFMS) and Motley Fool Small-Cap Growth ETF (TMFS).iShares Russell 2000 Growth ETF (IWO).

Fox Factory updated its fourth quarter earnings guidance on Thursday, November, 2nd. The company provided earnings per share (EPS) guidance of $0.75-1.00 for the period, compared to the consensus EPS estimate of $1.44. The company issued revenue guidance of $300-340 million, compared to the consensus revenue estimate of $455.58 million.

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's stock is owned by a variety of institutional and retail investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (8.67%), Clearbridge Investments LLC (3.66%), FMR LLC (2.68%), Conestoga Capital Advisors LLC (2.67%), Van Berkom & Associates Inc. (1.63%) and William Blair Investment Management LLC (1.59%). Insiders that own company stock include Christopher Tutton, Dudley W Mendenhall, Elizabeth A Fetter, Larry L Enterline, Michael C Dennison, Paul Stecher, Richard T Winters, Thomas L Fletcher 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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