Fox Factory - FOXF Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fox Factory in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FOXF shares.
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2 brokers have issued twelve-month price targets for Fox Factory's shares. Their FOXF share price forecasts range from $110.00 to $175.00. On average, they expect the company's share price to reach $133.33 in the next twelve months. This suggests a possible upside of 72.0% from the stock's current price.
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Fox Factory's stock was trading at $170.10 at the beginning of the year. Since then, FOXF shares have decreased by 54.4% and is now trading at $77.51.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Fox Factory Holding Corp. (NASDAQ:FOXF) announced its quarterly earnings results on Thursday, August, 4th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.16. The business earned $406.71 million during the quarter, compared to analysts' expectations of $399.13 million. Fox Factory had a trailing twelve-month return on equity of 22.70% and a net margin of 12.42%. The firm's revenue was up 23.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.20 EPS.

Fox Factory issued an update on its third quarter 2022 earnings guidance on Thursday, August, 25th. The company provided EPS guidance of $1.15-$1.35 for the period, compared to the consensus EPS estimate of $1.37. The company issued revenue guidance of $385.00 million-$405.00 million, compared to the consensus revenue estimate of $383.13 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 a number of retail and institutional investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (9.49%), William Blair Investment Management LLC (3.96%), Conestoga Capital Advisors LLC (3.95%), Clearbridge Investments LLC (3.79%), State Street Corp (3.07%) and Geneva Capital Management LLC (2.58%). 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 $77.51.

Fox Factory (NASDAQ:FOXF) has a market capitalization of $3.28 billion and generates $1.30 billion in revenue each year. The company earns $163.82 million in net income (profit) each year or $4.31 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.