Fox Factory (NASDAQ:FOXF) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Fox Factory Holding Corp. (NASDAQ:FOXF)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $23.19 and traded as low as $18.57. Fox Factory shares last traded at $19.30, with a volume of 545,513 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FOXF shares. Roth Capital cut their target price on Fox Factory from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 6th. Stifel Nicolaus set a $33.00 price target on Fox Factory in a research note on Tuesday, October 7th. Zacks Research upgraded shares of Fox Factory from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. CJS Securities raised shares of Fox Factory to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fox Factory in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Fox Factory presently has an average rating of “Hold” and a consensus price target of $30.17.

Fox Factory Stock Performance

The business’s fifty day moving average is $16.54 and its two-hundred day moving average is $23.11. The stock has a market capitalization of $813.01 million, a PE ratio of -3.15 and a beta of 1.46. The company has a quick ratio of 1.36, a current ratio of 2.98 and a debt-to-equity ratio of 0.69.

Fox Factory (NASDAQ:FOXF) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.33). Fox Factory had a negative net margin of 17.66% and a positive return on equity of 4.84%. The business had revenue of $376.36 million for the quarter, compared to the consensus estimate of $382.59 million. During the same quarter last year, the business earned $0.35 EPS. Fox Factory’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. As a group, research analysts anticipate that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Fox Factory

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its holdings in shares of Fox Factory by 82.2% in the 1st quarter. Royal Bank of Canada now owns 12,898 shares of the company’s stock worth $301,000 after purchasing an additional 5,820 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Fox Factory by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,142 shares of the company’s stock worth $587,000 after buying an additional 1,103 shares during the last quarter. Millennium Management LLC lifted its position in Fox Factory by 18.7% in the first quarter. Millennium Management LLC now owns 464,493 shares of the company’s stock worth $10,841,000 after buying an additional 73,090 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Fox Factory during the first quarter worth $263,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Fox Factory by 20.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,431 shares of the company’s stock valued at $2,041,000 after acquiring an additional 15,021 shares during the last quarter.

About Fox Factory

Fox Factory Holding Corp., headquartered in Duluth, Minnesota, designs, engineers and manufactures high-performance suspension systems, shock absorbers and related components for powersports, light-vehicle and mountain-bike applications. The company’s FOX brand offers a comprehensive portfolio of forks, shocks, coilovers and internal bypass dampers aimed at OEM and aftermarket customers seeking enhanced ride quality, control and durability across off-road vehicles, motorcycles and bicycles.

Founded in 1974 by Bob Fox in California, Fox Factory has expanded its technology base and market reach through strategic acquisitions such as Marzocchi Suspension, DVO Suspension and Walker Evans Racing.