4 Analysts Have This To Say About Fox Factory Hldg

4 analysts have shared their evaluations of Fox Factory Hldg FOXF during the recent three months, expressing a mix of bullish and bearish perspectives.

The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $61.25, a high estimate of $74.00, and a low estimate of $55.00. Highlighting a 23.12% decrease, the current average has fallen from the previous average price target of $79.67.

Deciphering Analyst Ratings: An In-Depth Analysis

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.

Key Insights:

• Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Fox Factory Hldg. This offers insight into analysts' perspectives on the current state of the company.
• Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Fox Factory Hldg compared to the broader market.
• Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Fox Factory Hldg's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

For valuable insights into Fox Factory Hldg's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on Fox Factory Hldg analyst ratings.

Unveiling the Story Behind Fox Factory Hldg

Fox Factory Holding Corp is a designer, manufacturer, and marketer of performance-defining products and systems used primarily 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 Americas and also has a presence in Asia, Europe, and the Rest of the World.

Fox Factory Hldg: A Financial Overview

Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.

Revenue Challenges: Fox Factory Hldg's revenue growth over 3 months faced difficulties. As of 30 September, 2023, the company experienced a decline of approximately -19.08%. 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 is impressive, surpassing industry averages. With a net margin of 10.66%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): Fox Factory Hldg's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.88%, the company may face hurdles in achieving optimal financial returns.

Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 2.04%, the company may need to address challenges in generating satisfactory returns from its assets.

Debt Management: With a below-average debt-to-equity ratio of 0.16, Fox Factory Hldg adopts a prudent financial strategy, indicating a balanced approach to debt management.

The Basics of Analyst Ratings

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.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

This article was generated by Benzinga's automated content engine and reviewed by an editor.