Fox Run Management L.L.C. Sells 9,256 Shares of Fox Factory Holding Corp. $FOXF

Key Points

• Fox Run Management L.L.C. reduced its stake in Fox Factory Holding Corp. by 30.7% in Q1, holding 20,906 shares valued at $488,000.
• Several institutional investors increased their holdings, with Public Sector Pension Investment Board boosting its stake by 27.3% to own 132,218 shares worth approximately $3,086,000.
• Fox Factory's latest earnings report showed a missed EPS estimate of $0.40 against a consensus of $0.43, despite a year-over-year revenue increase of 7.6% to $374.86 million.

Fox Run Management L.L.C. trimmed its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 30.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,906 shares of the company's stock after selling 9,256 shares during the quarter. Fox Run Management L.L.C. owned approximately 0.05% of Fox Factory worth $488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of FOXF. CWM LLC grew its position in shares of Fox Factory by 76.2% in the 1st quarter. CWM LLC now owns 1,341 shares of the company's stock worth $31,000 after buying an additional 580 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Fox Factory by 142.8% in the 1st quarter. Versant Capital Management Inc now owns 1,372 shares of the company's stock worth $32,000 after buying an additional 807 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Fox Factory by 254.1% in the 1st quarter. GAMMA Investing LLC now owns 1,696 shares of the company's stock worth $40,000 after buying an additional 1,217 shares during the last quarter. Quarry LP bought a new stake in shares of Fox Factory in the 4th quarter worth approximately $45,000. Finally, First Horizon Advisors Inc. grew its position in shares of Fox Factory by 113.8% in the 1st quarter. First Horizon Advisors Inc. now owns 1,950 shares of the company's stock worth $46,000 after buying an additional 1,038 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FOXF shares. B. Riley reiterated a "neutral" rating and issued a $32.00 price objective (up from $26.00) on shares of Fox Factory in a research 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, Stifel Nicolaus lifted their price objective on Fox Factory from $34.00 to $36.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $34.86.

Fox Factory Stock Up 6.9%

Shares of NASDAQ FOXF traded up $1.97 during mid-day trading on Friday, hitting $30.35. 462,969 shares of the stock traded hands, compared to its average volume of 738,627. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.36 and a current ratio of 3.03. Fox Factory Holding Corp. has a 52 week low of $17.95 and a 52 week high of $44.27. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -5.02 and a beta of 1.50. The stock has a fifty day moving average price of $27.91 and a 200-day moving average price of $25.41.

Fox Factory (NASDAQ:FOXF - Get Free Report) last announced its 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). Fox Factory had a negative net margin of 17.50% and a positive return on equity of 5.03%. The business had revenue of $374.86 million for the quarter, compared to the consensus estimate of $349.01 million. During the same period in the prior year, the business posted $0.38 EPS. Fox Factory's revenue for the quarter was up 7.6% on a year-over-year basis. Fox Factory has set its FY 2025 guidance at 1.600-2.000 EPS. Q3 2025 guidance at 0.450-0.650 EPS. Research analysts anticipate that Fox Factory Holding Corp. will post 1.31 EPS 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.