Fox Factory Holding Corp. (NASDAQ:FOXF) Receives $30.17 Consensus Price Target from Brokerages

Fox Factory Holding Corp. (NASDAQ:FOXF) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $30.1667.

Several brokerages have recently weighed in on FOXF. Roth Capital reduced their price target on Fox Factory from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 6th. Stifel Nicolaus set a $33.00 target price on Fox Factory in a research note on Tuesday, October 7th. CJS Securities raised shares of Fox Factory to a “strong-buy” rating in a report on Thursday, December 11th. Zacks Research raised shares of Fox Factory from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Fox Factory in a research report on Wednesday, October 8th.

Fox Factory Stock Up 0.8%

Shares of NASDAQ FOXF opened at $19.45 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.36 and a current ratio of 2.98. Fox Factory has a 52 week low of $13.08 and a 52 week high of $31.18. The stock has a market capitalization of $813.01 million, a P/E ratio of -3.15 and a beta of 1.46. The stock’s fifty day moving average is $16.61 and its 200 day moving average is $23.02.

Fox Factory (NASDAQ:FOXF) last issued its earnings results on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.33). The company had revenue of $376.36 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 EPS. 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. Sell-side analysts forecast that Fox Factory will post 1.31 earnings per share for the current fiscal year.

Institutional Trading of Fox Factory

A number of hedge funds have recently modified their holdings of FOXF. SG Americas Securities LLC increased its position in shares of Fox Factory by 94.5% during the fourth quarter. SG Americas Securities LLC now owns 26,423 shares of the company’s stock worth $452,000 after purchasing an additional 12,841 shares in the last quarter. Penn Capital Management Company LLC grew its position 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 worth $2,847,000 after acquiring an additional 2,317 shares during the last quarter. Caxton Associates LLP lifted its holdings in shares of Fox Factory by 197.7% during the third quarter. Caxton Associates LLP now owns 26,096 shares of the company’s stock worth $634,000 after purchasing an additional 17,329 shares during the period. Qube Research & Technologies Ltd raised its position in Fox Factory by 25.7% in the third 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 in the last quarter. Finally, Numerai GP LLC acquired a new stake in Fox Factory in the third quarter valued at $363,000.

About Fox Factory

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.