Fox Factory Holding Corp. $FOXF Shares Sold by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC reduced its stake in Fox Factory Holding Corp. by 45.8%, now holding approximately $2.19 million worth of shares.
• Analysts have mixed ratings on Fox Factory, with three giving it a Buy rating while four have provided a Hold rating, reflecting a consensus rating of "Hold".
• Fox Factory reported an earnings miss for its last quarter, with $0.40 EPS compared to the expected $0.43 EPS, but its revenue increased by 7.6% year-over-year.

Cubist Systematic Strategies LLC lowered its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 45.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,909 shares of the company's stock after selling 79,364 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.23% of Fox Factory worth $2,192,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FOXF. Bridges Investment Management Inc. raised its holdings in shares of Fox Factory by 127.8% during the first 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 acquired a new position in shares of Fox Factory during the fourth quarter valued at approximately $378,000. Geneva Capital Management LLC raised its holdings in shares of Fox Factory by 4.0% during the first quarter. Geneva Capital Management LLC now owns 538,644 shares of the company's stock valued at $12,572,000 after acquiring an additional 20,692 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Fox Factory by 254.1% during the first quarter. GAMMA Investing LLC now owns 1,696 shares of the company's stock valued at $40,000 after acquiring an additional 1,217 shares during the last quarter. Finally, GSA Capital Partners LLP raised its holdings in shares of Fox Factory by 50.2% during the first quarter. GSA Capital Partners LLP now owns 59,792 shares of the company's stock valued at $1,396,000 after acquiring an additional 19,985 shares during the last quarter.

Fox Factory Trading Down 5.4%

NASDAQ:FOXF traded down $1.56 during trading hours on Friday, hitting $27.25. The company had a trading volume of 296,118 shares, compared to its average volume of 382,602. 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 50-day moving average of $28.79 and a 200 day moving average of $25.70. The company has a market cap of $1.14 billion, a P/E ratio of -4.50 and a beta of 1.48. Fox Factory Holding Corp. has a 1 year low of $17.95 and a 1 year high of $44.27.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its 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 company had revenue of $374.86 million during the quarter, compared to analysts' expectations of $349.01 million. Fox Factory had a negative net margin of 17.50% and a positive return on equity of 5.03%. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 earnings per share. 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 expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FOXF. B. Riley reissued a "neutral" rating and set a $32.00 target price (up previously from $26.00) on shares of Fox Factory in a report on Friday, August 8th. Stifel Nicolaus increased their target price on Fox Factory from $34.00 to $36.00 and gave the company a "buy" rating in a report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $33.50.

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.