Fox Factory Holding Corp. $FOXF Shares Purchased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Fox Factory Holding Corp. by 14.3%, now owning 711,977 shares valued at approximately $16.6 million.
• Analysts have a consensus rating of "Hold" for Fox Factory, with price targets ranging from $32.00 to $36.00 after recent upgrades.
• Fox Factory's quarterly earnings showed a revenue increase of 7.6% year-over-year, despite missing EPS estimates with a reported $0.40 against a $0.43 expectation.

Charles Schwab Investment Management Inc. grew its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 14.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 711,977 shares of the company's stock after purchasing an additional 89,232 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.71% of Fox Factory worth $16,618,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in FOXF. Precision Wealth Strategies LLC raised its position in Fox Factory by 6.3% during 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 during the last quarter. CWM LLC raised its position in shares of Fox Factory by 76.2% during the 1st 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 lifted its stake in Fox Factory by 142.8% in the 1st quarter. Versant Capital Management Inc now owns 1,372 shares of the company's stock valued at $32,000 after buying an additional 807 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Fox Factory by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,039 shares of the company's stock valued at $728,000 after buying an additional 816 shares in the last quarter. Finally, Eukles Asset Management grew its holdings in Fox Factory by 80.3% during the 1st quarter. Eukles Asset Management now owns 2,265 shares of the company's stock valued at $53,000 after buying an additional 1,009 shares during the last quarter.

Fox Factory Trading Down 1.9%

Shares of FOXF traded down $0.56 during mid-day trading on Tuesday, hitting $29.61. The company had a trading volume of 287,192 shares, compared to its average volume of 612,070. Fox Factory Holding Corp. has a 1-year low of $17.95 and a 1-year high of $44.27. The business's 50-day simple moving average is $27.99 and its 200-day simple moving average is $25.44. The stock has a market cap of $1.24 billion, a PE ratio of -4.89 and a beta of 1.50. The company has a quick ratio of 1.36, a current ratio of 3.03 and a debt-to-equity ratio of 0.70.

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 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 business's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the business 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 forecast that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FOXF shares. Stifel Nicolaus boosted their price target on Fox Factory from $34.00 to $36.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Truist Financial lifted their price objective on Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, B. Riley restated a "neutral" rating and issued a $32.00 target price (up from $26.00) on shares of Fox Factory in a report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Fox Factory presently has an average rating of "Hold" and an average price target 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.