Fox Factory - FOXF Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fox Factory in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FOXF shares.
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3 Wall Street analysts have issued 1 year target prices for Fox Factory's shares. Their FOXF share price forecasts range from $108.00 to $115.00. On average, they anticipate the company's share price to reach $111.00 in the next twelve months. This suggests that the stock has a possible downside of 0.6%.
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Fox Factory's stock was trading at $170.10 at the start of the year. Since then, FOXF stock has decreased by 34.4% and is now trading at $111.66.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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Fox Factory Holding Corp. (NASDAQ:FOXF) released its quarterly earnings data on Thursday, November, 4th. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.06. The company earned $347.44 million during the quarter, compared to analyst estimates of $317.73 million. Fox Factory had a net margin of 12.37% and a trailing twelve-month return on equity of 22.22%. The business's revenue was up 33.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.07 earnings per share.

Fox Factory updated its fourth quarter 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share guidance of $1.10-$1.30 for the period, compared to the consensus earnings per share estimate of $1.21. The company issued revenue guidance of $370.00 million-$390.00 million, compared to the consensus revenue estimate of $376.41 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 trades on the NASDAQ under the ticker symbol "FOXF."

Fox Factory's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.06%), Vanguard Group Inc. (9.80%), Kayne Anderson Rudnick Investment Management LLC (9.25%), Neuberger Berman Group LLC (6.28%), Conestoga Capital Advisors LLC (3.92%) and State Street Corp (3.11%). 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.
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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 $111.66.

Fox Factory (NASDAQ:FOXF) has a market capitalization of $4.72 billion and generates $1.30 billion in revenue each year. The company earns $163.82 million in net income (profit) each year or $4.48 on an earnings per share basis.

The company employs 4,100 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.