Brokerages Set Fox Factory Holding Corp. (NASDAQ:FOXF) PT at $33.00

Fox Factory Holding Corp. (NASDAQ:FOXF) has received an average recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $33.00.

A number of analysts recently issued reports on the company. B. Riley reissued a “neutral” rating and issued a $32.00 target price (up from $26.00) on shares of Fox Factory in a research report on Friday, August 8th. Stifel Nicolaus set a $33.00 target price on Fox Factory in a research report on Tuesday, October 7th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Fox Factory in a research report on Wednesday, October 8th.

Institutional Trading of Fox Factory

Hedge funds have recently added to or reduced their stakes in the stock. Bridges Investment Management Inc. lifted its position in Fox Factory by 127.8% during the 1st quarter. Bridges Investment Management Inc. now owns 63,455 shares of the company’s stock worth $1,481,000 after acquiring an additional 35,599 shares during the period. Geneva Capital Management LLC lifted its position in Fox Factory by 4.0% during the 1st quarter. Geneva Capital Management LLC now owns 538,644 shares of the company’s stock worth $12,572,000 after acquiring an additional 20,692 shares during the period. GAMMA Investing LLC lifted its position in Fox Factory by 254.1% during the 1st quarter. GAMMA Investing LLC now owns 1,696 shares of the company’s stock worth $40,000 after acquiring an additional 1,217 shares during the period. GSA Capital Partners LLP lifted its position in Fox Factory by 50.2% during the 1st quarter. GSA Capital Partners LLP now owns 59,792 shares of the company’s stock worth $1,396,000 after acquiring an additional 19,985 shares during the period. Finally, Advantage Alpha Capital Partners LP lifted its position in Fox Factory by 27.5% during the 1st quarter. Advantage Alpha Capital Partners LP now owns 86,961 shares of the company’s stock worth $2,030,000 after acquiring an additional 18,740 shares during the period.

Fox Factory Trading Up 2.0%

NASDAQ:FOXF opened at $22.66 on Thursday. The stock has a market cap of $947.19 million, a P/E ratio of -3.75 and a beta of 1.37. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.36 and a current ratio of 3.03. Fox Factory has a 1 year low of $17.95 and a 1 year high of $41.69. The stock has a 50-day simple moving average of $27.28 and a 200-day simple moving average of $25.59.

Fox Factory (NASDAQ:FOXF) last announced its earnings results on Thursday, August 7th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The firm had revenue of $374.86 million during the quarter, compared to analyst estimates of $349.01 million. Fox Factory had a negative net margin of 17.50% and a positive return on equity of 5.03%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share. Fox Factory has set its FY 2025 guidance at 1.600-2.000 EPS. Q3 2025 guidance at 0.450-0.650 EPS. As a group, analysts anticipate that Fox Factory will post 1.31 earnings per share for the current fiscal year.

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.