Fox Factory (NASDAQ:FOXF) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Fox Factory Holding Corp. (NASDAQ:FOXF)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $24.44 and traded as low as $16.78. Fox Factory shares last traded at $17.16, with a volume of 1,013,938 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FOXF. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fox Factory in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Fox Factory from a “hold” rating to a “strong sell” rating in a report on Thursday, November 6th. CJS Securities upgraded shares of Fox Factory to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Stifel Nicolaus set a $33.00 price objective on shares of Fox Factory in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $32.40.

Fox Factory Price Performance

The stock has a 50-day moving average of $18.60 and a two-hundred day moving average of $24.33. The firm has a market cap of $730.25 million, a price-to-earnings ratio of -2.83 and a beta of 1.53. The company has a current ratio of 2.98, a quick ratio of 1.36 and a debt-to-equity ratio of 0.69.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.33). Fox Factory had a negative net margin of 17.66% and a positive return on equity of 4.84%. The firm had revenue of $376.36 million for the quarter, compared to analysts’ expectations of $382.59 million. During the same period in the prior year, the company posted $0.35 earnings per share. Fox Factory’s quarterly revenue was up 4.8% compared to the same quarter last year. 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. On average, analysts anticipate that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Institutional Trading of Fox Factory

A number of hedge funds have recently modified their holdings of FOXF. Penn Capital Management Company LLC grew its holdings in shares of Fox Factory by 2.0% during the third quarter. Penn Capital Management Company LLC now owns 117,197 shares of the company’s stock valued at $2,847,000 after buying an additional 2,317 shares in the last quarter. Caxton Associates LLP lifted its stake in Fox Factory by 197.7% in the 3rd quarter. Caxton Associates LLP now owns 26,096 shares of the company’s stock worth $634,000 after acquiring an additional 17,329 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in Fox Factory by 25.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 81,617 shares of the company’s stock worth $1,982,000 after acquiring an additional 16,710 shares during the period. Numerai GP LLC purchased a new position in Fox Factory during the 3rd quarter valued at about $363,000. Finally, Focus Partners Wealth purchased a new position in Fox Factory during the 3rd quarter valued at about $249,000.

About Fox Factory

Fox Factory Holding Corp. designs, engineers, manufactures, and markets performance-defining products and system worldwide. The company offers powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks; lift kits and components with shock products and aftermarket accessory packages for trucks; and mid-end and high-end front fork and rear suspension products.