Fox Factory (NASDAQ:FOXF) Releases Quarterly Earnings Results, Misses Expectations By $0.33 EPS

Fox Factory (NASDAQ:FOXF) announced its earnings results on Thursday. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.33), Briefing.com reports. Fox Factory had a positive return on equity of 5.03% and a negative net margin of 17.50%.The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 EPS. Fox Factory updated its FY 2025 guidance to 0.920-1.120 EPS and its Q4 2025 guidance to 0.050-0.250 EPS.

Fox Factory Stock Performance

NASDAQ FOXF traded down $0.93 during trading on Thursday, reaching $21.96. The company’s stock had a trading volume of 693,066 shares, compared to its average volume of 581,590. The company has a current ratio of 3.03, a quick ratio of 1.36 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $917.95 million, a price-to-earnings ratio of -3.63 and a beta of 1.43. Fox Factory has a 12 month low of $17.95 and a 12 month high of $36.88. The firm has a 50 day moving average price of $25.04 and a 200 day moving average price of $25.85.

Institutional Trading of Fox Factory

A number of institutional investors have recently bought and sold shares of FOXF. Tenzing Global Management LLC bought a new stake in Fox Factory in the 2nd quarter valued at about $9,079,000. BNP Paribas Financial Markets boosted its holdings in Fox Factory by 1,319.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 160,038 shares of the company’s stock valued at $4,151,000 after purchasing an additional 148,761 shares during the period. Jane Street Group LLC raised its position in shares of Fox Factory by 137.1% in the 2nd quarter. Jane Street Group LLC now owns 188,326 shares of the company’s stock valued at $4,885,000 after buying an additional 108,881 shares in the last quarter. Nantahala Capital Management LLC raised its position in shares of Fox Factory by 15.9% in the 2nd quarter. Nantahala Capital Management LLC now owns 728,648 shares of the company’s stock valued at $18,901,000 after buying an additional 100,000 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Fox Factory by 18.7% in the 1st quarter. Millennium Management LLC now owns 464,493 shares of the company’s stock valued at $10,841,000 after buying an additional 73,090 shares in the last quarter.

Wall Street Analyst Weigh In

FOXF has been the subject of several research analyst reports. B. Riley reaffirmed a “neutral” rating and set a $32.00 target price (up previously from $26.00) on shares of Fox Factory in a report on Friday, August 8th. Stifel Nicolaus set a $33.00 target price on shares of Fox Factory in a report on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fox Factory in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $32.40.

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.