Fox Factory (NASDAQ:FOXF) Stock Passes Below 200-Day Moving Average – Here’s Why

Fox Factory Holding Corp. (NASDAQ:FOXF)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.44 and traded as low as $16.78. Fox Factory shares last traded at $17.16, with a volume of 1,013,938 shares.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Zacks Research cut Fox Factory from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fox Factory in a report on Wednesday, October 8th. CJS Securities upgraded shares of Fox Factory to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Stifel Nicolaus set a $33.00 price objective on shares of Fox Factory in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Fox Factory presently has an average rating of “Hold” and an average target price of $32.40.

Fox Factory Stock Performance

The company has a debt-to-equity ratio of 0.69, a current ratio of 2.98 and a quick ratio of 1.36. The company’s fifty day moving average price is $18.85 and its 200 day moving average price is $24.44. The company has a market cap of $717.29 million, a PE ratio of -2.78 and a beta of 1.53.

Fox Factory (NASDAQ:FOXF) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.33). Fox Factory had a positive return on equity of 4.84% and a negative net margin of 17.66%.The firm had revenue of $376.36 million for the quarter, compared to analysts’ expectations of $382.59 million. During the same quarter last year, the firm posted $0.35 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Fox Factory has set its FY 2025 guidance at 0.920-1.120 EPS and its Q4 2025 guidance at 0.050-0.250 EPS. On average, equities research analysts predict that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Institutional Trading of Fox Factory

A number of hedge funds have recently bought and sold shares of the business. Penn Capital Management Company LLC boosted its position in Fox Factory by 2.0% in the third quarter. Penn Capital Management Company LLC now owns 117,197 shares of the company’s stock worth $2,847,000 after purchasing an additional 2,317 shares during the last quarter. Caxton Associates LLP boosted its holdings in shares of Fox Factory by 197.7% in the 3rd quarter. Caxton Associates LLP now owns 26,096 shares of the company’s stock worth $634,000 after buying an additional 17,329 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of Fox Factory by 25.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 81,617 shares of the company’s stock worth $1,982,000 after buying an additional 16,710 shares during the last quarter. Numerai GP LLC bought a new position in Fox Factory during the third quarter valued at about $363,000. Finally, Focus Partners Wealth purchased a new stake in Fox Factory during the third quarter worth about $249,000.

Fox Factory Company Profile

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.