Advantage Alpha Capital Partners LP Grows Position in Fox Factory Holding Corp. $FOXF

Key Points

• Advantage Alpha Capital Partners LP increased its stake in Fox Factory Holding Corp. by 27.5% in the first quarter, owning approximately 0.21% of the company worth about $2 million.
• Fox Factory reported earnings of $0.40 per share for the quarter, missing estimates by $0.03, but revenue exceeded expectations at $374.86 million, up 7.6% year-over-year.
• Several analysts raised their price targets for Fox Factory, with B. Riley setting a new target at $32.00 and Stifel Nicolaus increasing theirs to $36.00, while the stock has an average target price of $34.86.

Advantage Alpha Capital Partners LP raised its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 27.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,961 shares of the company's stock after acquiring an additional 18,740 shares during the period. Advantage Alpha Capital Partners LP owned approximately 0.21% of Fox Factory worth $2,030,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bridges Investment Management Inc. lifted its stake in shares of Fox Factory by 127.8% in the 1st quarter. Bridges Investment Management Inc. now owns 63,455 shares of the company's stock valued at $1,481,000 after acquiring an additional 35,599 shares during the last quarter. Two Sigma Advisers LP bought a new position in Fox Factory during the 4th quarter valued at approximately $378,000. Geneva Capital Management LLC increased its position in Fox Factory by 4.0% during the 1st quarter. Geneva Capital Management LLC now owns 538,644 shares of the company's stock valued at $12,572,000 after buying an additional 20,692 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Fox Factory by 254.1% in the 1st quarter. GAMMA Investing LLC now owns 1,696 shares of the company's stock worth $40,000 after purchasing an additional 1,217 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in shares of Fox Factory by 50.2% in the 1st quarter. GSA Capital Partners LLP now owns 59,792 shares of the company's stock worth $1,396,000 after purchasing an additional 19,985 shares in the last quarter.

Fox Factory Stock Down 1.8%

Shares of NASDAQ:FOXF opened at $28.38 on Friday. The business's 50 day moving average is $27.83 and its 200 day moving average is $25.40. The company has a quick ratio of 1.36, a current ratio of 3.03 and a debt-to-equity ratio of 0.70. The stock has a market cap of $1.19 billion, a P/E ratio of -4.69 and a beta of 1.50. Fox Factory Holding Corp. has a 52-week low of $17.95 and a 52-week high of $44.27.

Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its 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 company had revenue of $374.86 million for the quarter, compared to analysts' expectations 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 quarterly revenue 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.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FOXF shares. B. Riley reaffirmed a "neutral" rating and issued a $32.00 price objective (up previously from $26.00) on shares of Fox Factory in a report on Friday, August 8th. Stifel Nicolaus boosted their price objective on Fox Factory from $34.00 to $36.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Truist Financial boosted their price objective on Fox Factory from $28.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average 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.

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