Arrowstreet Capital Limited Partnership Sells 74,045 Shares of Fox Factory Holding Corp. $FOXF

Key Points

• Arrowstreet Capital cut its Fox Factory stake by 51.9% in the first quarter, selling 74,045 shares and retaining 68,536 shares valued at approximately $1.13 million.
• Fox Factory beat quarterly earnings and revenue expectations, reporting EPS of $0.37 versus the roughly $0.18 consensus and revenue of $358.1 million. However, revenue declined 4.5% year over year, EPS fell from $0.40, and the company posted a negative 20.25% net margin.
• Management’s third-quarter revenue guidance of $355 million to $380 million exceeded analyst expectations, but analysts maintained a consensus “Hold” rating with an average price target of $23.20, compared with the stock’s reported price of $18.86.

Arrowstreet Capital Limited Partnership trimmed its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 51.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,536 shares of the company's stock after selling 74,045 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.16% of Fox Factory worth $1,128,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Nantahala Capital Management LLC raised its stake in shares of Fox Factory by 200.3% during the fourth quarter. Nantahala Capital Management LLC now owns 2,188,300 shares of the company's stock valued at $37,442,000 after acquiring an additional 1,459,652 shares in the last quarter. Engine Capital Management LP purchased a new stake in shares of Fox Factory during the fourth quarter valued at about $13,216,000. Towle & Co. purchased a new stake in shares of Fox Factory during the fourth quarter valued at about $8,967,000. Renaissance Technologies LLC boosted its holdings in shares of Fox Factory by 294.3% in the 4th quarter. Renaissance Technologies LLC now owns 547,693 shares of the company's stock valued at $9,371,000 after buying an additional 408,800 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Fox Factory by 3,173.3% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 388,666 shares of the company's stock valued at $6,650,000 after buying an additional 376,792 shares in the last quarter.

Fox Factory Price Performance

NASDAQ FOXF opened at $18.86 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.99 and a quick ratio of 1.52. The stock's fifty day moving average price is $18.03 and its 200 day moving average price is $17.75. Fox Factory Holding Corp. has a 1 year low of $13.08 and a 1 year high of $30.75. The company has a market cap of $790.91 million, a price-to-earnings ratio of -2.63, a PEG ratio of 0.77 and a beta of 1.35.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.19. The company had revenue of $358.12 million during the quarter, compared to analysts' expectations of $352.94 million. Fox Factory had a positive return on equity of 5.20% and a negative net margin of 20.25%.The firm's revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.40 EPS. As a group, equities research analysts forecast that Fox Factory Holding Corp. will post 1.41 earnings per share for the current year.

Key Stories Impacting Fox Factory

Here are the key news stories impacting Fox Factory this week:

• Positive Sentiment: Fox Factory reported quarterly EPS of $0.37, well above the $0.16-$0.18 analyst consensus and ahead of expectations by a wide margin. However, earnings were below $0.40 in the year-ago period. Fox Factory Holding Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management issued third-quarter fiscal 2026 revenue guidance of $355 million to $380 million, above the $345.1 million analyst consensus, suggesting potential sequential improvement. Full-year revenue guidance of $1.4 billion to $1.5 billion was also broadly in line with, and slightly above, consensus at the midpoint. Fox Factory Reports Second-Quarter Fiscal 2026 Results
• Neutral Sentiment: Brokerages maintain a consensus “Hold” recommendation, indicating that analysts see a balanced risk-reward profile following the results. Fox Factory Receives Consensus Hold Recommendation
• Negative Sentiment: Quarterly revenue fell 4.5% from the same period last year, while EPS declined from $0.40 to $0.37. The company also reported a negative net margin of 20.25%, raising concerns about profitability despite the earnings beat. Fox Factory Quarterly Earnings Results

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Fox Advisors set a $20.00 price objective on shares of Fox Factory in a research note on Tuesday, June 30th. Stifel Nicolaus set a $24.00 target price on shares of Fox Factory in a research note on Thursday, April 16th. Zacks Research upgraded shares of Fox Factory from a "strong sell" rating to a "hold" rating in a research note on Wednesday, June 3rd. Weiss Ratings lowered shares of Fox Factory from a "sell (d-)" rating to a "sell (e+)" rating in a report on Monday, May 11th. Finally, Needham & Company LLC reaffirmed a "buy" rating on shares of Fox Factory in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $23.20.

About Fox Factory

Fox Factory Holding Corp., headquartered in Duluth, Minnesota, designs, engineers and manufactures high-performance suspension systems, shock absorbers and related components for powersports, light-vehicle and mountain-bike applications. The company's FOX brand offers a comprehensive portfolio of forks, shocks, coilovers and internal bypass dampers aimed at OEM and aftermarket customers seeking enhanced ride quality, control and durability across off-road vehicles, motorcycles and bicycles.

Founded in 1974 by Bob Fox in California, Fox Factory has expanded its technology base and market reach through strategic acquisitions such as Marzocchi Suspension, DVO Suspension and Walker Evans Racing.

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