Fox Factory Holding Corp. $FOXF Stock Holdings Decreased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. has reduced its stake in Fox Factory Holding Corp. by 18.7%, now holding 174,680 shares valued at approximately $4.53 million.
• Fox Factory's quarterly earnings report showed an earnings per share of $0.40, falling short of the $0.43 consensus estimate, despite a revenue increase of 7.6% year-over-year.
• Multiple brokerages have updated their price targets for Fox Factory, with a consensus rating of "Moderate Buy" and a price target around $33.50.

Assenagon Asset Management S.A. lowered its stake in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 18.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 174,680 shares of the company's stock after selling 40,073 shares during the period. Assenagon Asset Management S.A. owned 0.42% of Fox Factory worth $4,531,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Bank & Trust bought a new stake in shares of Fox Factory during the 2nd quarter valued at about $200,000. Inspire Investing LLC grew its position in shares of Fox Factory by 10.6% during the 1st quarter. Inspire Investing LLC now owns 14,556 shares of the company's stock valued at $340,000 after buying an additional 1,393 shares during the last quarter. Advisors Capital Management LLC grew its position in shares of Fox Factory by 86.1% during the 1st quarter. Advisors Capital Management LLC now owns 110,752 shares of the company's stock valued at $2,585,000 after buying an additional 51,243 shares during the last quarter. Jane Street Group LLC grew its position in shares of Fox Factory by 123.8% during the 1st quarter. Jane Street Group LLC now owns 79,445 shares of the company's stock valued at $1,854,000 after buying an additional 43,952 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Fox Factory by 20.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,431 shares of the company's stock valued at $2,041,000 after buying an additional 15,021 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FOXF. B. Riley reaffirmed a "neutral" rating and set a $32.00 price objective (up previously from $26.00) on shares of Fox Factory in a research report on Friday, August 8th. Stifel Nicolaus boosted their price objective on shares of Fox Factory from $34.00 to $36.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Fox Factory currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.50.

Fox Factory Trading Down 0.8%

Fox Factory stock opened at $25.38 on Thursday. 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 firm has a 50-day moving average price of $28.52 and a two-hundred day moving average price of $25.68. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -4.20 and a beta of 1.48. Fox Factory Holding Corp. has a 52-week low of $17.95 and a 52-week high of $43.81.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued 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 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 company's revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company 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. Sell-side analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

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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