Fox Factory (NASDAQ:FOXF) Stock Rating Lowered by Zacks Research

Fox Factory (NASDAQ:FOXF) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.

A number of other research firms have also recently issued reports on FOXF. Roth Capital reiterated a “neutral” rating and issued a $17.00 target price on shares of Fox Factory in a research note on Monday. B. Riley Financial lowered their price target on Fox Factory from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday. Bank of America lowered shares of Fox Factory from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $24.00 to $20.00 in a research report on Tuesday, June 30th. Fox Advisors set a $20.00 price objective on shares of Fox Factory in a research note on Tuesday, June 30th. Finally, Stifel Nicolaus set a $25.00 price objective on shares of Fox Factory in a report on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Fox Factory has an average rating of “Hold” and an average target price of $19.60.

Fox Factory Stock Performance

Shares of NASDAQ FOXF opened at $14.85 on Tuesday. The business’s 50-day moving average price is $19.33 and its two-hundred day moving average price is $18.32. The company has a debt-to-equity ratio of 0.96, a current ratio of 3.10 and a quick ratio of 1.55. Fox Factory has a one year low of $13.08 and a one year high of $25.43. The company has a market capitalization of $624.16 million, a P/E ratio of -2.08, a price-to-earnings-growth ratio of 1.39 and a beta of 1.41.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.19. The company had revenue of $358.12 million during the quarter, compared to the consensus estimate of $352.94 million. Fox Factory had a positive return on equity of 5.57% and a negative net margin of 20.39%. The business’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period last year, the business earned $0.40 EPS. Analysts anticipate that Fox Factory will post 1.12 earnings per share for the current fiscal year.

Institutional Trading of Fox Factory

Several hedge funds have recently added to or reduced their stakes in FOXF. Versant Capital Management Inc increased its position in Fox Factory by 49.8% in the 3rd quarter. Versant Capital Management Inc now owns 3,054 shares of the company’s stock worth $56,000 after buying an additional 1,015 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Fox Factory by 62.1% during the third quarter. GAMMA Investing LLC now owns 3,802 shares of the company’s stock worth $70,000 after buying an additional 1,456 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Fox Factory by 11.1% during the first quarter. Illinois Municipal Retirement Fund now owns 22,500 shares of the company’s stock worth $370,000 after buying an additional 2,254 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Fox Factory during the second quarter worth approximately $41,000. Finally, Quantbot Technologies LP bought a new stake in shares of Fox Factory in the second quarter valued at approximately $48,000.

Fox Factory News Roundup

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

• Positive Sentiment: Fox Factory maintained full-year 2026 revenue guidance of approximately $1.4 billion, in line with the consensus estimate, suggesting management still expects the business to recover or strengthen later in the year.
• Neutral Sentiment: Earlier bullish commentary noted Fox Factory’s history of earnings surprises, analyst estimate increases and technically oversold conditions, which could support a short-term rebound after the stock’s recent selloff. Will Fox Factory Holding Beat Estimates Again Fox Factory Loses 19.9 Percent in Four Weeks
• Neutral Sentiment: B. Riley lowered its price target to $16 from $20 while keeping a Neutral rating, reflecting reduced expectations but not a strongly bearish investment stance. B. Riley Adjusts Fox Factory Price Target
• Negative Sentiment: Third-quarter revenue guidance of $336 million to $340 million is substantially below the $367.8 million consensus estimate, indicating weaker-than-expected operating performance.
• Negative Sentiment: Fourth-quarter revenue guidance of $287 million to $313 million is also well below the $349.5 million consensus estimate, increasing concern that weakness may persist through year-end.
• Negative Sentiment: Levi & Korsinsky announced an investigation into potential securities-law violations related to Fox Factory’s weaker preliminary third-quarter sales. The investigation does not establish wrongdoing, but it adds legal and reputational risk. Levi and Korsinsky Investigation

Fox Factory Company Profile

Fox Factory Holding Corp. designs, engineers, manufactures and markets performance products for cycling, powered vehicles and other recreational applications. The company is best known for its suspension systems and components, including forks, shocks and related technologies used on mountain bikes, motorcycles, snowmobiles, trucks and side-by-side vehicles.

Through brands including FOX, Race Face, Easton Cycling, Marzocchi, Ride Concepts, Bell, Giro and CamelBak, Fox Factory offers bicycle components, wheels, drivetrain and cockpit products, cycling shoes, helmets, protective equipment, hydration products and apparel.