Advantage Alpha Capital Partners LP Has $2.03 Million Stake 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 lifted its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 27.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 86,961 shares of the company's stock after acquiring an additional 18,740 shares during the quarter. Advantage Alpha Capital Partners LP owned 0.21% of Fox Factory worth $2,030,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Precision Wealth Strategies LLC increased its holdings in Fox Factory by 6.3% in the first quarter. Precision Wealth Strategies LLC now owns 9,321 shares of the company's stock valued at $218,000 after buying an additional 549 shares during the last quarter. CWM LLC boosted its stake in Fox Factory by 76.2% in the first 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 boosted its stake in Fox Factory by 142.8% in the first quarter. Versant Capital Management Inc now owns 1,372 shares of the company's stock valued at $32,000 after acquiring an additional 807 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Fox Factory by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,039 shares of the company's stock valued at $728,000 after acquiring an additional 816 shares during the period. Finally, Eukles Asset Management boosted its stake in Fox Factory by 80.3% in the first quarter. Eukles Asset Management now owns 2,265 shares of the company's stock valued at $53,000 after acquiring an additional 1,009 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FOXF shares. B. Riley reiterated a "neutral" rating and set a $32.00 price objective (up from $26.00) on shares of Fox Factory in a research report on Friday, August 8th. Stifel Nicolaus boosted their target price on shares of Fox Factory from $34.00 to $36.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Truist Financial upped their price target 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 given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $34.86.

Fox Factory Price Performance

NASDAQ:FOXF traded down $0.16 during mid-day trading on Wednesday, hitting $29.45. The company's stock had a trading volume of 72,553 shares, compared to its average volume of 608,726. Fox Factory Holding Corp. has a fifty-two week low of $17.95 and a fifty-two week high of $44.27. The company has a current ratio of 3.03, a quick ratio of 1.36 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -4.87 and a beta of 1.50. The stock has a fifty day moving average of $28.08 and a 200-day moving average of $25.46.

Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its quarterly earnings results 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). The business had revenue of $374.86 million during 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 business's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last 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. As a group, equities analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal 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.