In the last trading session, 7.34 million shares of the Fox Factory Holding Corp (NASDAQ:FOXF) were traded, and its beta was 1.63. Most recently the company’s share price was $50.07, and it changed around -$2.11 or -4.04% from the last close, which brings the market valuation of the company to $2.10B. FOXF currently trades at a discount to its 52-week high of $125.08, offering almost -149.81% off that amount. The share price’s 52-week low was $44.10, which indicates that the current value has risen by an impressive 11.92% since then. We note from Fox Factory Holding Corp’s average daily trading volume that its 10-day average is 1.39 million shares, with the 3-month average coming to 500.67K.
Fox Factory Holding Corp stock received a consensus recommendation rating of Hold, based on a mean score of 2.25. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 7 recommended FOXF as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Fox Factory Holding Corp is expected to report earnings per share of $0.19 for the current quarter.
Fox Factory Holding Corp (NASDAQ:FOXF) trade information
Instantly FOXF has showed a red trend with a performance of -4.04% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -25.80% year-to-date, but still up 1.23% over the last five days. On the other hand, Fox Factory Holding Corp (NASDAQ:FOXF) is -5.30% down in the 30-day period. We can see from the shorts that 1.83 million shares have been sold at a short interest cover period of 2.57 day(s).
The consensus price target as assigned by Wall Street analysts is $112.5, which translates to bulls needing to increase their stock price by 55.49% from its current value. Analyst projections state that FOXF is forecast to be at a low of $110 and a high of $115.
Fox Factory Holding Corp (FOXF) estimates and forecasts
Fox Factory Holding Corp share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -49.47 percent over the past six months and at a -38.73% annual growth rate that is well below the industry average of 11.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -84.20% in revenue this quarter, and will report a decrease of -56.20% in the next quarter. The year-over-year growth rate is expected to be 6.80%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of $328.78 million in revenue for the current quarter. 8 analysts expect Fox Factory Holding Corp to make $379.41 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $394.44 million and $400.71 million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -16.60%. Forecasts for the next quarter put sales growth at -5.30%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 5.71%. Fox Factory Holding Corp earnings are expected to increase by -38.54% in 2024, but the outlook is positive 15.00% per year for the next five years.
FOXF Dividends
Fox Factory Holding Corp’s next quarterly earnings report is expected to be released around May 02 and May 06.
Fox Factory Holding Corp (NASDAQ:FOXF)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.38% of Fox Factory Holding Corp shares, and 102.79% of them are in the hands of institutional investors. The stock currently has a share float of 103.18%. Fox Factory Holding Corp stock is held by 418 institutions, with Blackrock Inc. being the largest institutional investor. By Jun 29, 2023, it held 12.06% of the shares, which is about 5.11 million shares worth $554.62 million.
Vanguard Group Inc, with 9.94% or 4.21 million shares worth $457.18 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.
Virtus Equity Tr-Virtus KAR Small Cap Growth Fd and Neuberger & Berman Genesis Fund were the top two Mutual Funds as of Jun 29, 2023. The former held 2.43 million shares worth $264.03 million, making up 5.74% of all outstanding shares. On the other hand, Neuberger & Berman Genesis Fund held roughly 1.41 million shares worth around $153.52 million, which represents about 3.34% of the total shares outstanding.
