<div id="readability-page-1"><p>Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report)'s share price was down 10.8% during trading on Friday following a weaker than expected earnings announcement. The company traded as low as $27.34 and last traded at $26.84. Approximately 573,002 shares were traded  during trading, a decline of 6% from the average daily volume of 611,076 shares. The stock had previously closed at $30.10.</p><ul><li>From Zero to Hero? Why GoPro's Rally Could Be More Than It Seems</li></ul><p>The company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). Fox Factory had a positive return on equity of 4.70% and a negative net margin of 17.64%. The business had revenue of $374.86 million during the quarter, compared to analysts' expectations of $349.01 million. During the same period last year, the business earned $0.38 earnings per share. The company's revenue for the quarter was up 7.6% compared to the same quarter last year. </p><h2>Wall Street Analyst Weigh In</h2><p>FOXF has been the subject of several recent research reports. Truist Financial raised their price target on shares of Fox Factory from $28.00 to $34.00 and gave the company a &#34;buy&#34; rating in a research report on Wednesday, May 14th. B. Riley raised their price objective on shares of Fox Factory from $26.00 to $32.00 and gave the company a &#34;neutral&#34; rating in a report on Friday. Finally, Stifel Nicolaus raised their price objective on shares of Fox Factory from $34.00 to $36.00 and gave the company a &#34;buy&#34; rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating and three have issued  a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of &#34;Hold&#34; and a consensus target price of $34.86.</p><ul><li>Top 2 Small Cap Automotive Stocks Set for a Strong Rally</li></ul><p><b>Get Our Latest Report on FOXF</b></p><h2>Institutional Inflows and Outflows</h2><p>A number of institutional investors and hedge funds have recently made changes to their positions in FOXF. CWM LLC boosted its holdings in  Fox Factory by 76.2% during the first quarter. CWM LLC now owns 1,341 shares of the company's stock worth $31,000 after buying an additional 580 shares in the last quarter.  Versant Capital Management Inc boosted its holdings in  Fox Factory by 142.8% during the first quarter. Versant Capital Management Inc now owns 1,372 shares of the company's stock worth $32,000 after buying an additional 807 shares in the last quarter.  GAMMA Investing LLC boosted its holdings in  Fox Factory by 254.1% during the first quarter. GAMMA Investing LLC now owns 1,696 shares of the company's stock worth $40,000 after buying an additional 1,217 shares in the last quarter.  Quarry LP purchased a new stake in  Fox Factory during the fourth quarter worth about $45,000.  Finally, First Horizon Advisors Inc. boosted its holdings in  Fox Factory by 113.8% during the first quarter. First Horizon Advisors Inc. now owns 1,950 shares of the company's stock worth $46,000 after buying an additional 1,038 shares in the last quarter. </p><h2>Fox Factory Stock Down 7.0%</h2><p>The company has a market cap of $1.17 billion, a PE ratio of -4.67 and a beta of 1.50. The company has a quick ratio of 1.36, a current ratio of 3.18 and a debt-to-equity ratio of 0.73. The firm's fifty day simple moving average is $27.36 and its 200-day simple moving average is $25.36. </p><h2>About Fox Factory</h2> (Get Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Fox Factory</li><li>Stock Trading Terms - Stock Terms Every Investor Needs to Know</li><li>Is Eli Lilly’s 14% Post-Earnings Slide a Buy-the-Dip Opportunity?</li><li>Low PE Growth Stocks: Unlocking Investment Opportunities</li><li>Tesla Is Balanced on a Knife Edge: Time to Tread Carefully</li><li>Dividend King Proctor &amp; Gamble Is A Buy On Post-Earnings Weakness </li><li>Why Axon's 16% Surge Signals a New Era in Public Safety Tech</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Fox Factory Right Now?</h2><p>Before you consider Fox Factory, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fox Factory wasn't on the list.</p><p>While Fox Factory currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

FOXF

<p>Fox Factory Holding Corp. (NASDAQ: FOXF) shares fell 10.8% after reporting earnings of $0.40 per share, missing estimates of $0.43. The stock traded as low as $27.34, closing at $26.84. Despite a revenue increase to $374.86 million, the company faced a negative net margin of 17.64%. Analysts have mixed ratings, with a consensus hold rating and a target price of $34.86. Institutional investors have increased their stakes, indicating ongoing interest in the stock.</p>

Fox Factory (NASDAQ:FOXF) Shares Down 10.8% After Earnings Miss