Vanguard Group Inc. Has $107.53 Million Position in Fox Factory Holding Corp. $FOXF

Vanguard Group Inc. lowered its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 0.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,606,896 shares of the company’s stock after selling 3,257 shares during the quarter. Vanguard Group Inc. owned about 11.04% of Fox Factory worth $107,525,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC increased its holdings in Fox Factory by 76.2% in the 1st quarter. CWM LLC now owns 1,341 shares of the company’s stock valued at $31,000 after buying an additional 580 shares during the period. Versant Capital Management Inc increased its holdings in Fox Factory by 142.8% in the 1st quarter. Versant Capital Management Inc now owns 1,372 shares of the company’s stock valued at $32,000 after buying an additional 807 shares during the period. Quarry LP bought a new position in Fox Factory in the 4th quarter valued at about $45,000. GAMMA Investing LLC increased its holdings in Fox Factory by 254.1% in the 1st quarter. GAMMA Investing LLC now owns 1,696 shares of the company’s stock valued at $40,000 after buying an additional 1,217 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in Fox Factory by 113.8% in the 1st quarter. First Horizon Advisors Inc. now owns 1,950 shares of the company’s stock valued at $46,000 after buying an additional 1,038 shares during the period.

Fox Factory Trading Up 6.9%

FOXF opened at $30.35 on Friday. The company’s 50 day moving average is $27.91 and its 200-day moving average is $25.42. The company has a current ratio of 3.03, a quick ratio of 1.36 and a debt-to-equity ratio of 0.70. Fox Factory Holding Corp. has a 1-year low of $17.95 and a 1-year high of $44.27. The company has a market cap of $1.27 billion, a P/E ratio of -5.02 and a beta of 1.50.

Fox Factory (NASDAQ:FOXF) last posted its earnings results on Thursday, August 7th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). Fox Factory had a positive return on equity of 5.03% and a negative net margin of 17.50%.The business had revenue of $374.86 million for the quarter, compared to analyst estimates of $349.01 million. During the same quarter in the prior year, the business earned $0.38 earnings per share. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. Fox Factory has set its FY 2025 guidance at 1.600-2.000 EPS. Q3 2025 guidance at 0.450-0.650 EPS. Equities research analysts predict that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on FOXF. Stifel Nicolaus raised their target price on shares of Fox Factory from $34.00 to $36.00 and gave the company a “buy” rating in a report on Friday, August 8th. B. Riley reissued a “neutral” rating and issued a $32.00 target price (up from $26.00) on shares of Fox Factory in a report on Friday, August 8th. Finally, Truist Financial raised their target price on shares of Fox Factory from $28.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, May 14th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $34.86.

Fox Factory Profile

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.