Roth Capital Equities Analysts Reduce Earnings Estimates for Fox Factory Holding Corp. (NASDAQ:FOXF)

Fox Factory Holding Corp. (NASDAQ:FOXF) – Equities researchers at Roth Capital lowered their Q1 2025 earnings per share (EPS) estimates for Fox Factory in a research report issued on Monday, September 30th. Roth Capital analyst S. Stember now anticipates that the company will post earnings per share of $0.45 for the quarter, down from their prior forecast of $0.50. The consensus estimate for Fox Factory’s current full-year earnings is $1.56 per share. Roth Capital also issued estimates for Fox Factory’s Q2 2025 earnings at $0.60 EPS and FY2025 earnings at $2.69 EPS.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The firm had revenue of $348.49 million during the quarter, compared to analysts’ expectations of $346.22 million. Fox Factory had a return on equity of 7.66% and a net margin of 3.07%. The firm’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.21 EPS.

A number of other research firms have also recently commented on FOXF. Robert W. Baird dropped their price objective on Fox Factory from $48.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Bank of America dropped their price objective on Fox Factory from $53.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. B. Riley decreased their price target on Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Truist Financial decreased their price target on Fox Factory from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Fox Factory has an average rating of “Hold” and a consensus target price of $46.17.

Fox Factory Trading Down 2.6 %

Fox Factory stock opened at $39.32 on Wednesday. The stock has a market cap of $1.64 billion, a PE ratio of 22.09, a P/E/G ratio of 2.92 and a beta of 1.63. The stock has a 50-day moving average price of $41.65 and a 200 day moving average price of $44.61. Fox Factory has a 52 week low of $34.56 and a 52 week high of $97.36. The company has a current ratio of 3.13, a quick ratio of 1.63 and a debt-to-equity ratio of 0.61.

Insider Activity

In other news, CEO Michael C. Dennison acquired 4,800 shares of Fox Factory stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average cost of $41.44 per share, with a total value of $198,912.00. Following the purchase, the chief executive officer now directly owns 135,066 shares of the company’s stock, valued at approximately $5,597,135.04. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Fox Factory

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Fox Factory by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 4,470,762 shares of the company’s stock valued at $232,793,000 after buying an additional 228,339 shares during the period. Pacer Advisors Inc. increased its holdings in Fox Factory by 25,005.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,585,136 shares of the company’s stock worth $76,388,000 after purchasing an additional 1,578,822 shares during the last quarter. Clearbridge Investments LLC increased its holdings in Fox Factory by 0.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,230,987 shares of the company’s stock worth $64,097,000 after purchasing an additional 7,468 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in Fox Factory during the 2nd quarter worth approximately $53,294,000. Finally, Van Berkom & Associates Inc. increased its holdings in Fox Factory by 1.5% during the 2nd quarter. Van Berkom & Associates Inc. now owns 913,452 shares of the company’s stock worth $44,019,000 after purchasing an additional 13,936 shares during the last quarter.

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.