Analysts Set Fox Factory Holding Corp. (NASDAQ:FOXF) Target Price at $23.20

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have earned a consensus recommendation of “Hold” from the six research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $21.00.

A number of equities research analysts have recently commented on the stock. Roth Capital reiterated a “neutral” rating and set a $20.00 price target on shares of Fox Factory in a report on Friday, May 8th. Zacks Research raised shares of Fox Factory from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 3rd. Stifel Nicolaus set a $24.00 price target on Fox Factory in a research note on Thursday, April 16th. Fox Advisors set a $20.00 price target on Fox Factory in a research note on Tuesday, June 30th. Finally, Bank of America downgraded Fox Factory from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $24.00 to $20.00 in a research report on Tuesday, June 30th.

Institutional Trading of Fox Factory

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Engineers Gate Manager LP lifted its holdings in shares of Fox Factory by 1.1% during the 4th quarter. Engineers Gate Manager LP now owns 73,895 shares of the company’s stock worth $1,264,000 after acquiring an additional 770 shares during the period. Russell Investments Group Ltd. grew its holdings in Fox Factory by 12.3% in the second quarter. Russell Investments Group Ltd. now owns 7,818 shares of the company’s stock valued at $203,000 after purchasing an additional 858 shares during the period. Resona Asset Management Co. Ltd. increased its position in Fox Factory by 33.3% during the fourth quarter. Resona Asset Management Co. Ltd. now owns 4,142 shares of the company’s stock worth $73,000 after purchasing an additional 1,035 shares during the last quarter. Creative Planning increased its position in Fox Factory by 11.6% during the third quarter. Creative Planning now owns 9,971 shares of the company’s stock worth $242,000 after purchasing an additional 1,040 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Fox Factory by 108.3% during the fourth quarter. Farther Finance Advisors LLC now owns 2,075 shares of the company’s stock worth $36,000 after purchasing an additional 1,079 shares during the period.

Fox Factory Stock Up 12.0%

Shares of NASDAQ:FOXF opened at $21.13 on Thursday. The company has a quick ratio of 1.52, a current ratio of 2.99 and a debt-to-equity ratio of 1.00. Fox Factory has a 52-week low of $13.08 and a 52-week high of $30.75. The stock’s fifty day simple moving average is $18.09 and its 200-day simple moving average is $17.78. The company has a market capitalization of $886.19 million, a P/E ratio of -2.96, a P/E/G ratio of 0.82 and a beta of 1.35.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.19. Fox Factory had a positive return on equity of 5.39% and a negative net margin of 20.39%.The firm had revenue of $358.12 million during the quarter, compared to analysts’ expectations of $352.94 million. During the same quarter last year, the business posted $0.40 EPS. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. As a group, equities research analysts forecast that Fox Factory will post 1.45 earnings per share for the current fiscal year.

Fox Factory News Roundup

Here are the key news stories impacting Fox Factory this week:

• Positive Sentiment: Fox Factory reported second-quarter fiscal 2026 adjusted earnings of $0.37 per share, well above the $0.16–$0.18 analyst consensus, while revenue of $358.1 million also surpassed estimates of approximately $352.9 million. Fox Factory Reports Second Quarter Fiscal 2026 Financial Results
• Positive Sentiment: Management projected third-quarter revenue of $355 million to $380 million, above the roughly $345.1 million consensus estimate, signaling expectations for sequential improvement. Fox Factory Third-Quarter Revenue Forecast
• Positive Sentiment: The company outlined 2026 sales expectations of approximately $1.42 billion to $1.47 billion and reaffirmed its goal of achieving $50 million in cost savings. The savings plan could support margins and profitability if successfully implemented. Fox Factory 2026 Sales Outlook and Cost Savings Goal
• Neutral Sentiment: Brokerages maintained a consensus “Hold” recommendation, suggesting analysts see a balanced risk-reward profile despite the earnings and guidance beats. Fox Factory Receives Consensus Hold Recommendation
• Negative Sentiment: Second-quarter revenue declined 4.5% year over year, and EPS fell from $0.40 in the prior-year period to $0.37. Fox Factory also reported a negative net margin, highlighting continued profitability pressure despite the quarterly beat. Fox Factory Beats Second-Quarter Earnings and Revenue Estimates

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.