Inspire Investing LLC Has $340,000 Holdings in Fox Factory Holding Corp. $FOXF

Inspire Investing LLC raised its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 10.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,556 shares of the company’s stock after purchasing an additional 1,393 shares during the quarter. Inspire Investing LLC’s holdings in Fox Factory were worth $340,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of FOXF. Advisors Capital Management LLC grew its stake in shares of Fox Factory by 86.1% during the 1st quarter. Advisors Capital Management LLC now owns 110,752 shares of the company’s stock worth $2,585,000 after acquiring an additional 51,243 shares in the last quarter. Jane Street Group LLC lifted its position in Fox Factory by 123.8% during the 1st quarter. Jane Street Group LLC now owns 79,445 shares of the company’s stock worth $1,854,000 after buying an additional 43,952 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Fox Factory by 20.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,431 shares of the company’s stock worth $2,041,000 after buying an additional 15,021 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Fox Factory in the 1st quarter valued at about $263,000. Finally, Millennium Management LLC increased its position in shares of Fox Factory by 18.7% in the first quarter. Millennium Management LLC now owns 464,493 shares of the company’s stock valued at $10,841,000 after acquiring an additional 73,090 shares during the last quarter.

Fox Factory Price Performance

NASDAQ:FOXF opened at $26.02 on Thursday. Fox Factory Holding Corp. has a 52 week low of $17.95 and a 52 week high of $44.27. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.36 and a current ratio of 3.03. The firm’s 50-day simple moving average is $28.71 and its 200 day simple moving average is $25.71. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -4.30 and a beta of 1.48.

Fox Factory (NASDAQ:FOXF) last released 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 during the quarter, compared to analyst estimates of $349.01 million. Fox Factory had a negative net margin of 17.50% and a positive return on equity of 5.03%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Fox Factory has set its FY 2025 guidance at 1.600-2.000 EPS. Q3 2025 guidance at 0.450-0.650 EPS. As a group, sell-side analysts predict that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. B. Riley reaffirmed a “neutral” rating and set a $32.00 price target (up from $26.00) on shares of Fox Factory in a research report on Friday, August 8th. Stifel Nicolaus increased their price target on Fox Factory from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.50.

About Fox Factory

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.