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

Fox Factory (NASDAQ:FOXF) posted its quarterly earnings data 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 negative net margin of 17.50% and a positive return on equity of 5.03%. During the same period in the previous year, the company posted $0.35 earnings per share. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. 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

Shares of NASDAQ FOXF traded down $0.93 during mid-day trading on Thursday, hitting $21.96. The company 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. Fox Factory has a 1 year low of $17.95 and a 1 year high of $36.88. The company has a market capitalization of $917.95 million, a price-to-earnings ratio of -3.63 and a beta of 1.43. The stock’s 50-day moving average price is $25.04 and its 200-day moving average price is $25.85.

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

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

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.