Fox Factory Holding Corp. (NASDAQ:FOXF) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have been given an average rating of “Hold” by the nine analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $30.1667.

A number of research analysts have recently commented on the stock. Zacks Research raised shares of Fox Factory from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fox Factory in a report on Thursday. Stifel Nicolaus set a $33.00 target price on Fox Factory in a research note on Tuesday, October 7th. Roth Mkm dropped their target price on Fox Factory from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 6th. Finally, CJS Securities raised Fox Factory to a “strong-buy” rating in a report on Thursday, December 11th.

Institutional Trading of Fox Factory

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ArrowMark Colorado Holdings LLC raised its holdings in Fox Factory by 72.9% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,239,216 shares of the company’s stock valued at $30,101,000 after acquiring an additional 522,391 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Fox Factory by 9.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,075,521 shares of the company’s stock worth $26,125,000 after purchasing an additional 96,178 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Fox Factory by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,039,477 shares of the company’s stock valued at $26,967,000 after purchasing an additional 24,156 shares in the last quarter. Divisadero Street Capital Management LP bought a new position in shares of Fox Factory during the second quarter worth about $21,228,000. Finally, Nantahala Capital Management LLC grew its stake in Fox Factory by 15.9% in the second quarter. Nantahala Capital Management LLC now owns 728,648 shares of the company’s stock worth $18,901,000 after purchasing an additional 100,000 shares in the last quarter.

Fox Factory Trading Down 1.2%

Shares of FOXF opened at $19.08 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.98 and a quick ratio of 1.36. Fox Factory has a 12 month low of $13.08 and a 12 month high of $31.18. The stock has a market cap of $797.54 million, a PE ratio of -3.09 and a beta of 1.46. The stock’s 50-day moving average is $16.98 and its two-hundred day moving average is $22.84.

Fox Factory (NASDAQ:FOXF) last announced its earnings results on Thursday, November 6th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.33). The company had revenue of $376.36 million for the quarter, compared to analysts’ expectations of $382.59 million. Fox Factory had a negative net margin of 17.66% and a positive return on equity of 4.84%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 earnings per share. Fox Factory has set its FY 2025 guidance at 0.920-1.120 EPS and its Q4 2025 guidance at 0.050-0.250 EPS. Equities analysts forecast that Fox Factory will post 1.31 earnings per share for the current fiscal year.

Fox Factory Company Profile

Fox Factory Holding Corp., headquartered in Duluth, Minnesota, designs, engineers and manufactures high-performance suspension systems, shock absorbers and related components for powersports, light-vehicle and mountain-bike applications. The company’s FOX brand offers a comprehensive portfolio of forks, shocks, coilovers and internal bypass dampers aimed at OEM and aftermarket customers seeking enhanced ride quality, control and durability across off-road vehicles, motorcycles and bicycles.

Founded in 1974 by Bob Fox in California, Fox Factory has expanded its technology base and market reach through strategic acquisitions such as Marzocchi Suspension, DVO Suspension and Walker Evans Racing.