Fox Factory Holding Corp. $FOXF Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,039,477 shares of the company’s stock after purchasing an additional 24,156 shares during the quarter. Geode Capital Management LLC owned approximately 2.49% of Fox Factory worth $26,967,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Algert Global LLC acquired a new stake in shares of Fox Factory in the 1st quarter valued at about $3,695,000. Nuveen LLC purchased a new stake in Fox Factory in the first quarter valued at approximately $3,664,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Fox Factory in the second quarter valued at approximately $2,832,000. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Fox Factory by 35.6% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 369,230 shares of the company’s stock valued at $8,618,000 after acquiring an additional 96,890 shares during the period. Finally, Campbell & CO Investment Adviser LLC grew its position in shares of Fox Factory by 408.4% during the second quarter. Campbell & CO Investment Adviser LLC now owns 119,939 shares of the company’s stock worth $3,111,000 after acquiring an additional 96,346 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms recently commented on FOXF. Stifel Nicolaus set a $33.00 price target on shares of Fox Factory in a research report on Tuesday, October 7th. Zacks Research downgraded shares of Fox Factory from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 6th. B. Riley reaffirmed 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, Weiss Ratings reiterated a “sell (d)” rating on shares of Fox Factory in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Fox Factory has an average rating of “Hold” and an average target price of $32.40.

Fox Factory Stock Performance

Shares of FOXF opened at $14.78 on Friday. The stock has a market capitalization of $617.82 million, a P/E ratio of -2.44 and a beta of 1.43. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.36 and a current ratio of 3.03. Fox Factory Holding Corp. has a 1 year low of $13.08 and a 1 year high of $33.73. The company’s fifty day moving average is $20.75 and its two-hundred day moving average is $25.11.

Fox Factory (NASDAQ:FOXF) last released its earnings results on Thursday, November 6th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.33). Fox Factory had a positive return on equity of 5.03% and a negative net margin of 17.50%.The firm had revenue of $376.36 million during the quarter, compared to analyst estimates of $382.59 million. During the same quarter last year, the business posted $0.35 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. Fox Factory has set its FY 2025 guidance at 0.920-1.120 EPS. Q4 2025 guidance at 0.050-0.250 EPS. On average, sell-side analysts predict that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

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.