Fox Factory Holding Corp. $FOXF Shares Sold by US Bancorp DE

US Bancorp DE trimmed its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 16.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,768 shares of the company’s stock after selling 6,218 shares during the period. US Bancorp DE owned about 0.07% of Fox Factory worth $798,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Truist Financial Corp raised its stake in shares of Fox Factory by 3.8% during the second quarter. Truist Financial Corp now owns 15,576 shares of the company’s stock valued at $404,000 after purchasing an additional 571 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Fox Factory during the second quarter valued at $826,000. State of Alaska Department of Revenue lifted its holdings in Fox Factory by 7.5% in the second quarter. State of Alaska Department of Revenue now owns 24,829 shares of the company’s stock worth $643,000 after purchasing an additional 1,732 shares during the period. GAMMA Investing LLC lifted its holdings in Fox Factory by 136.1% in the second quarter. GAMMA Investing LLC now owns 4,004 shares of the company’s stock worth $104,000 after purchasing an additional 2,308 shares during the period. Finally, First Bank & Trust bought a new stake in Fox Factory in the second quarter worth about $200,000.

Fox Factory Stock Performance

Fox Factory stock opened at $22.60 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.03 and a quick ratio of 1.36. The stock has a fifty day moving average price of $26.78 and a two-hundred day moving average price of $25.55. Fox Factory Holding Corp. has a 52-week low of $17.95 and a 52-week high of $41.52. The firm has a market capitalization of $944.68 million, a P/E ratio of -3.74 and a beta of 1.37.

Fox Factory (NASDAQ:FOXF) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.40 earnings per share (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 company 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 company earned $0.38 earnings per share. The business’s revenue was up 7.6% compared to the same quarter last year. 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, analysts anticipate that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FOXF has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Fox Factory in a report on Wednesday, October 8th. Stifel Nicolaus set a $33.00 price target on Fox Factory in a research note on Tuesday, October 7th. Finally, B. Riley reaffirmed a “neutral” rating and set a $32.00 target price (up previously from $26.00) on shares of Fox Factory in a research report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $33.00.

Fox Factory Company 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.