B.Riley Downgrades Fox Factory Holding (FOXF) to Neutral, 'Bikes suffer another worse-than-feared quarter'
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Go back to B.Riley Downgrades Fox Factory Holding (FOXF) to Neutral, 'Bikes suffer another worse-than-feared quarter'
November 3, 2023 7:44 AM EDT
Truist Securities analyst Michael Swartz lowered the price target on Fox Factory Holding (NASDAQ: FOXF) to $90.00 (from $120.00) while maintaining a Buy rating.... More
November 3, 2023 3:27 AM EDT
Baird analyst Craig Kennison lowered the price target on Fox Factory Holding (NASDAQ: FOXF) to $85.00 (from $120.00) while maintaining a Neutral rating.... More
November 2, 2023 4:41 PM EDT
Fox Factory Holding (NASDAQ: FOXF) reported Q3 EPS of $1.05, $0.05 worse than the analyst estimate of $1.10. Revenue for the quarter came in at $331.1 million versus the consensus estimate of $399.53 million.
GUIDANCE:
Fox Factory Holding sees Q4 2023 EPS of $0.75-$1.00, versus the... More
November 2, 2023 4:08 PM EDT
Fox Factory Holding Corp. (NASDAQ: FOXF) (FOX or the Company) today reported financial results for the third quarter ended September 29, 2023 and announced the signing of a definitive agreement to acquire Wheelhouse Holdings, Inc., the parent company of Marucci Sports, LLC (Marucci) from Compass Diversified (NYSE: CODI) and certain other sellers.
We delivered adjusted EBITDA margin of 19.2% even with a 17.4% sequential decline in sales as the business was impacted by the UAW strike and a slower bicycle channel inventory destock. At the onset of the strike,... More
