Fox Factory (NASDAQ:FOXF) Stock Rating Cut to “Hold” at Zacks Research

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

Several other research firms also recently weighed in on FOXF. Bank of America downgraded Fox Factory from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $24.00 to $20.00 in a research note on Tuesday, June 30th. Fox Advisors set a $20.00 target price on Fox Factory in a research report on Tuesday, June 30th. Stifel Nicolaus set a $25.00 target price on Fox Factory in a research report on Wednesday, September 30th. Roth Capital reissued a “neutral” rating and issued a $17.00 target price on shares of Fox Factory in a report on Monday. Finally, Weiss Ratings upgraded Fox Factory from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Fox Factory presently has a consensus rating of “Hold” and a consensus target price of $19.60.

Fox Factory Trading Down 2.2%

Shares of Fox Factory stock opened at $14.85 on Tuesday. Fox Factory has a 12-month low of $13.08 and a 12-month high of $25.43. The company has a current ratio of 3.10, a quick ratio of 1.55 and a debt-to-equity ratio of 0.96. The stock has a market cap of $624.16 million, a PE ratio of -2.08, a price-to-earnings-growth ratio of 1.39 and a beta of 1.41. The company has a 50-day moving average of $19.33 and a two-hundred day moving average of $18.32.

Fox Factory (NASDAQ:FOXF) last posted its quarterly 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. The company had revenue of $358.12 million during the quarter, compared to the consensus estimate of $352.94 million. Fox Factory had a negative net margin of 20.39% and a positive return on equity of 5.57%. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period last year, the firm earned $0.40 EPS. On average, research analysts anticipate that Fox Factory will post 1.12 EPS for the current fiscal year.

Institutional Trading of Fox Factory

Several large investors have recently modified their holdings of FOXF. BlackRock Inc. purchased a new position in shares of Fox Factory during the 2nd quarter worth approximately $109,706,000. RWWM Inc. lifted its stake in Fox Factory by 4.7% in the 1st quarter. RWWM Inc. now owns 5,533,072 shares of the company’s stock valued at $91,074,000 after buying an additional 247,635 shares in the last quarter. Engine Capital Management LP lifted its stake in Fox Factory by 162.3% in the 1st quarter. Engine Capital Management LP now owns 2,026,230 shares of the company’s stock valued at $33,352,000 after buying an additional 1,253,808 shares in the last quarter. Estuary Capital Management LP lifted its stake in Fox Factory by 15.3% in the 1st quarter. Estuary Capital Management LP now owns 1,815,271 shares of the company’s stock valued at $29,879,000 after buying an additional 240,512 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Fox Factory by 26.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,271,969 shares of the company’s stock valued at $20,937,000 after buying an additional 262,076 shares during the last quarter.

Trending Headlines about 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

About Fox Factory

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.