Fox Factory - FOXF Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fox Factory in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FOXF shares.
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4 Wall Street analysts have issued 1-year target prices for Fox Factory's shares. Their FOXF share price forecasts range from $120.00 to $135.00. On average, they expect the company's stock price to reach $128.25 in the next twelve months. This suggests a possible upside of 8.7% from the stock's current price.
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Fox Factory's stock was trading at $91.23 at the beginning of the year. Since then, FOXF shares have increased by 29.4% and is now trading at $118.01.
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Fox Factory saw a drop in short interest during the month of February. As of February 28th, there was short interest totaling 2,360,000 shares, a drop of 5.6% from the February 13th total of 2,500,000 shares. Based on an average trading volume of 206,000 shares, the days-to-cover ratio is currently 11.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our FOXF earnings forecast.

Fox Factory Holding Corp. (NASDAQ:FOXF) released its quarterly earnings results on Thursday, February, 23rd. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.22 by $0.21. The business had revenue of $408.60 million for the quarter, compared to the consensus estimate of $383.86 million. Fox Factory had a trailing twelve-month return on equity of 22.55% and a net margin of 12.81%. The company's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the business posted $1.06 EPS.

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

Fox Factory issued an update on its FY23 earnings guidance on Thursday, February, 23rd. The company provided earnings per share guidance of $5.15-$5.45 for the period, compared to the consensus estimate of $5.78. The company issued revenue guidance of $1.670-$1.700 billion, compared to the consensus revenue estimate of $1.66 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 many different retail and institutional investors. Top institutional shareholders include Neuberger Berman Group LLC (6.22%), William Blair Investment Management LLC (3.77%), Clearbridge Investments LLC (3.22%), Conestoga Capital Advisors LLC (3.16%), Alliancebernstein L.P. (2.71%) and Geneva Capital Management LLC (2.67%). Insiders that own company stock include Christopher Tutton, Dudley W Mendenhall, Elizabeth A Fetter, Larry L Enterline, Michael C Dennison, Richard T Winters, Thomas L Fletcher and Wesley E Allinger.
View institutional ownership trends.

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 $118.01.

Fox Factory (NASDAQ:FOXF) has a market capitalization of $4.99 billion and generates $1.60 billion in revenue each year. The company earns $205.28 million in net income (profit) each year or $4.84 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.