B of A Securities Downgrades Fox Factory Holding Corp. to 'Sell'
B of A Securities lowers its rating on Fox Factory Holding Corp. to 'sell' with a $20 price target, a 18.03% upside from the current price.
Key Points
- B of A Securities downgraded Fox Factory Holding Corp. to 'sell' with a new price target of $20 on June 30, 2026.
- B of A Securities's $20 price target implies 18.03% upside from Fox Factory Holding Corp.'s ($FOXF) current $16.95 share price.
- Fox Factory's shares traded at $18.09 on Wednesday, with a market cap of $710.6 million and a forward P/E of 9.72.
- Insiders at Fox Factory made several stock purchases in May 2026, while institutional investors like BlackRock reduced their stakes.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
On June 30, 2026, B of A Securities downgraded Fox Factory Holding Corp. (NasdaqGS:FOXF) to a 'sell' rating, setting a new price target of $20. Shares of Fox Factory traded at $18.09 on Wednesday following the downgrade.
B of A Securities vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
Fox Factory Holding Corp. Stock Down 17.6%
Shares of NasdaqGS:FOXF traded near $18.09 on Wednesday. Fox Factory Holding Corp. has a market cap of approximately $710.6 million, with a forward P/E ratio of 9.72 and a beta of 1.37. The stock has seen a 52-week low of $13.08 and a high of $31.18, while its 50-day moving average is $17.57 and the 200-day moving average is $18.75. The company maintains a current ratio of 2.99 and a quick ratio of 1.03, but it carries a high debt-to-equity ratio of 119.56.
$FOXF price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Fox Factory reported revenue of about $1.48 billion, with a growth rate of 3.8%. However, the company posted a net margin of -20.2% and a return on equity of -37.5%, indicating significant financial challenges. The company's next earnings report is expected on August 6, 2026.
Insider Buying and Selling at Fox Factory Holding Corp.
Several insiders at Fox Factory made stock purchases on May 8, 2026. Jean Hlay, Douglas Grimm, Elizabeth Fetter, Alan Lee Bazaar, Sidney Johnson, and Thomas Duncan each bought 8,989 shares. These transactions were not part of any pre-scheduled trading plans.
Analysts Set New Price Targets
On June 30, 2026, B of A Securities downgraded Fox Factory to a 'sell' rating, setting a price target of $20. Roth Capital previously maintained a 'hold' rating with a $19 target on January 6, 2026. The consensus among analysts is a 'hold' rating, with an average target price of $22.33 from six analysts.
About Fox Factory Holding Corp.
Fox Factory Holding Corp. designs and manufactures performance products for vehicles and bikes under various brands, including FOX and Marzocchi. Headquartered in Duluth, Georgia, and led by CEO Michael C. Dennison, the company employs around 3,700 people. It operates globally, offering products ranging from off-road vehicle components to mountain bike suspension systems.
Bottom Line
B of A Securities' downgrade of Fox Factory Holding Corp. to 'sell' reflects growing concerns over the company's financial performance. The stock's current trading price and market metrics indicate investor caution. As with all 13F filings and analyst ratings, these insights offer a snapshot of past actions and should be considered in the broader context of the market.
Get Fox Factory Holding Corp. alerts
New 13F filings, insider trades, and analyst moves on $FOXF, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.