Fox Factory Holding Corp. $FOXF Shares Acquired by Advisors Capital Management LLC

Key Points

• Advisors Capital Management LLC increased its holdings in Fox Factory Holding Corp. by 86.1% during the first quarter, now owning 110,752 shares valued at approximately $2.58 million.
• Fox Factory's stock has seen a recent trading decrease of 5.4%, with current share prices at $27.25 and a market cap of $1.14 billion.
• The company reported earnings of $0.40 per share, which fell short of analyst expectations, despite a revenue increase of 7.6% year-over-year, totaling $374.86 million.

Advisors Capital Management LLC grew its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 86.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 110,752 shares of the company's stock after acquiring an additional 51,243 shares during the quarter. Advisors Capital Management LLC owned 0.27% of Fox Factory worth $2,585,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Precision Wealth Strategies LLC boosted 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 worth $218,000 after acquiring an additional 549 shares in the last quarter. CWM LLC raised its stake in shares of Fox Factory by 76.2% in the first quarter. CWM LLC now owns 1,341 shares of the company's stock worth $31,000 after purchasing an additional 580 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Fox Factory by 142.8% in the first quarter. Versant Capital Management Inc now owns 1,372 shares of the company's stock worth $32,000 after purchasing an additional 807 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 worth $728,000 after purchasing an additional 816 shares during the last quarter. Finally, Eukles Asset Management raised its stake in shares of Fox Factory by 80.3% in the first quarter. Eukles Asset Management now owns 2,265 shares of the company's stock worth $53,000 after purchasing an additional 1,009 shares during the last quarter.

Fox Factory Trading Down 5.4%

Shares of NASDAQ:FOXF opened at $27.25 on Friday. The business has a 50-day moving average price of $28.79 and a 200-day moving average price of $25.70. 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 $1.14 billion, a price-to-earnings ratio of -4.50 and a beta of 1.48. 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 announced its quarterly earnings results on Thursday, August 7th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate 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 negative net margin of 17.50% and a positive return on equity of 5.03%. The firm's revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. Equities analysts predict that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FOXF shares. B. Riley restated a "neutral" rating and issued a $32.00 price objective (up from $26.00) on shares of Fox Factory in a research note on Friday, August 8th. Stifel Nicolaus raised their price objective on Fox Factory from $34.00 to $36.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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.

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