Swiss National Bank Trims Holdings in Fox Factory Holding Corp. $FOXF

Swiss National Bank trimmed its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 1.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 80,800 shares of the company’s stock after selling 1,200 shares during the period. Swiss National Bank owned about 0.19% of Fox Factory worth $1,886,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Precision Wealth Strategies LLC raised its stake in shares of Fox Factory by 6.3% in the 1st quarter. Precision Wealth Strategies LLC now owns 9,321 shares of the company’s stock valued at $218,000 after acquiring an additional 549 shares during the period. CWM LLC raised its stake in shares of 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 acquiring an additional 580 shares during the period. Versant Capital Management Inc increased its stake in Fox Factory by 142.8% during the 1st quarter. Versant Capital Management Inc now owns 1,372 shares of the company’s stock worth $32,000 after buying an additional 807 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Fox Factory by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,039 shares of the company’s stock worth $728,000 after buying an additional 816 shares during the period. Finally, Eukles Asset Management increased its stake in Fox Factory by 80.3% during the 1st quarter. Eukles Asset Management now owns 2,265 shares of the company’s stock worth $53,000 after buying an additional 1,009 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. B. Riley reaffirmed a “neutral” rating and set a $32.00 target price (up from $26.00) on shares of Fox Factory in a research note on Friday, August 8th. Stifel Nicolaus upped their target price on shares of Fox Factory from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Finally, Truist Financial upped their target price on shares of Fox Factory from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $34.86.

Fox Factory Stock Up 6.9%

Shares of NASDAQ:FOXF opened at $30.35 on Friday. The stock has a market cap of $1.27 billion, a P/E ratio of -5.02 and a beta of 1.50. The firm has a fifty day moving average price of $27.91 and a 200 day moving average price of $25.41. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.03 and a quick ratio of 1.36. Fox Factory Holding Corp. has a 1-year low of $17.95 and a 1-year high of $44.27.

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

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.