Fox Factory (NASDAQ:FOXF) Downgraded by Zacks Research to “Hold”

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

A number of other brokerages also recently commented on FOXF. Weiss Ratings upgraded shares of Fox Factory from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 6th. Stifel Nicolaus set a $25.00 price objective on shares of Fox Factory in a research note on Wednesday, September 30th. B. Riley Financial decreased their target price on shares of Fox Factory from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday. Roth Capital restated a “neutral” rating and set a $17.00 target price on shares of Fox Factory in a research report on Monday. Finally, Bank of America cut shares of Fox Factory from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $24.00 to $20.00 in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $19.60.

Fox Factory Trading Down 2.2%

Shares of FOXF stock opened at $14.85 on Tuesday. The firm has a 50-day moving average price of $19.33 and a 200 day moving average price of $18.32. Fox Factory has a twelve month low of $13.08 and a twelve month high of $25.43. The company has a market capitalization of $624.16 million, a price-to-earnings ratio of -2.08, a PEG ratio of 1.39 and a beta of 1.41. The company has a current ratio of 3.10, a quick ratio of 1.55 and a debt-to-equity ratio of 0.96.

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

Hedge Funds Weigh In On Fox Factory

Large investors have recently bought and sold shares of the stock. Versant Capital Management Inc boosted its holdings in shares of Fox Factory by 49.8% in the 3rd quarter. Versant Capital Management Inc now owns 3,054 shares of the company’s stock valued at $56,000 after purchasing an additional 1,015 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Fox Factory by 62.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,802 shares of the company’s stock valued at $70,000 after buying an additional 1,456 shares during the period. Illinois Municipal Retirement Fund grew its stake in shares of Fox Factory by 11.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 22,500 shares of the company’s stock valued at $370,000 after buying an additional 2,254 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Fox Factory during the 2nd quarter valued at $41,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Fox Factory during the 2nd quarter worth $48,000.

Key Stories Impacting Fox Factory

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.