Breaking Down Fox Factory Hldg: 7 Analysts Share Their Views
7 analysts have shared their evaluations of Fox Factory Hldg (NASDAQ:FOXF) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 0 | 5 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 5 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts have recently evaluated Fox Factory Hldg and provided 12-month price targets. The average target is $48.0, accompanied by a high estimate of $55.00 and a low estimate of $45.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 11.81%.
Analyzing Analyst Ratings: A Detailed Breakdown
The standing of Fox Factory Hldg among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Michael Swartz | Truist Securities | Raises | Buy | $55.00 | $50.00 |
| Alexander Perry | B of A Securities | Lowers | Neutral | $48.00 | $55.00 |
| Anna Glaessgen | B. Riley Securities | Lowers | Neutral | $45.00 | $50.00 |
| Scott Stember | Roth MKM | Lowers | Neutral | $45.00 | $55.00 |
| Michael Swartz | Truist Securities | Lowers | Buy | $50.00 | $60.00 |
| Craig Kennison | Baird | Lowers | Neutral | $48.00 | $55.00 |
| Jim Duffy | Stifel | Lowers | Hold | $45.00 | $56.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Fox Factory Hldg. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Fox Factory Hldg compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Fox Factory Hldg's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Fox Factory Hldg's market standing. Stay informed and make data-driven decisions with our Ratings Table.
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Discovering Fox Factory Hldg: A Closer Look
Fox Factory Holding Corp is a designer, manufacturer, and marketer of performance-defining products and systems used predominantly on bikes, Side-by-Sides, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, ATVs, snowmobiles, specialty vehicles and applications, motorcycles, and commercial trucks. Its business operates under the FOX, FOX RACING SHOX, and RACE FACE brands. Geographically, it derives a majority of revenue from North America and also has a presence in Asia, Europe, and the Rest of the World.
Unraveling the Financial Story of Fox Factory Hldg
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Challenges: Fox Factory Hldg's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -16.6%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Fox Factory Hldg's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -1.05%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Fox Factory Hldg's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -0.29%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Fox Factory Hldg's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.16%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Fox Factory Hldg's debt-to-equity ratio is below the industry average. With a ratio of 0.65, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Significance of Analyst Ratings Explained
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.