Roth Capital Cuts Fox Factory (FOXF) PT to $19 Amid Strategic Debt Reduction Pivot

Group 1 - Fox Factory Holding Corp. is considered a cheap stock to buy for the next three years despite recent challenges [1] - Roth Capital has lowered the price target for Fox Factory to $19 from $21, maintaining a Neutral rating due to declines in the Bike and Marucci segments [1][2] - In Q3 2025, Fox Factory reported a 5% year-over-year increase in net sales, totaling $376.4 million, but experienced a net loss of $0.6 million compared to a net income of $4.8 million in the same quarter last year [1] Group 2 - The company's performance was bolstered by resilience in its Powered Vehicles Group and aftermarket accessories, along with successful footprint consolidation aimed at long-term margin expansion [2] - Fox Factory is on track to achieve its $25 million cost reduction target for the fiscal year, although this was offset by underperformance in the Specialty Sports Group, particularly the Marucci brand [2]