Fox Factory Holding Corp. $FOXF Stake Increased by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Fox Factory Holding Corp. by 35.6%, owning 369,230 shares valued at approximately $8.6 million as of the latest SEC filing.
• Fox Factory's most recent earnings report indicated a miss in earnings per share of $0.40 compared to the expected $0.43, despite a 7.6% year-over-year revenue increase to $374.86 million.
• Analysts have recently raised price targets for Fox Factory, with B. Riley setting a new target price at $32.00, while Truist Financial boosted theirs to $34.00, reflecting a positive outlook on the stock.

Hotchkis & Wiley Capital Management LLC raised its position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 35.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 369,230 shares of the company's stock after acquiring an additional 96,890 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.89% of Fox Factory worth $8,618,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Bridges Investment Management Inc. grew its position in Fox Factory by 127.8% during the 1st quarter. Bridges Investment Management Inc. now owns 63,455 shares of the company's stock worth $1,481,000 after purchasing an additional 35,599 shares during the last quarter. Two Sigma Advisers LP purchased a new position in Fox Factory during the 4th quarter worth $378,000. Geneva Capital Management LLC grew its position in Fox Factory by 4.0% during the 1st quarter. Geneva Capital Management LLC now owns 538,644 shares of the company's stock worth $12,572,000 after purchasing an additional 20,692 shares during the last quarter. GAMMA Investing LLC grew its position in Fox Factory by 254.1% during the 1st quarter. GAMMA Investing LLC now owns 1,696 shares of the company's stock worth $40,000 after purchasing an additional 1,217 shares during the last quarter. Finally, GSA Capital Partners LLP grew its position in Fox Factory by 50.2% during the 1st quarter. GSA Capital Partners LLP now owns 59,792 shares of the company's stock worth $1,396,000 after purchasing an additional 19,985 shares during the last quarter.

Fox Factory Price Performance

NASDAQ FOXF traded down $0.10 during trading hours on Friday, reaching $28.88. The company's stock had a trading volume of 326,000 shares, compared to its average volume of 607,008. The stock has a market cap of $1.21 billion, a PE ratio of -4.77 and a beta of 1.50. Fox Factory Holding Corp. has a fifty-two week low of $17.95 and a fifty-two week high of $44.27. The company's 50-day moving average is $28.27 and its two-hundred day moving average is $25.51. 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 (NASDAQ:FOXF - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.40 EPS 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 during the quarter, compared to analyst estimates of $349.01 million. During the same period in the previous year, the company posted $0.38 earnings per share. Fox Factory's revenue 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. Analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

FOXF has been the subject of a number of analyst reports. Truist Financial upped their price objective on shares of Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. B. Riley reissued a "neutral" rating and set a $32.00 price target (up from $26.00) on shares of Fox Factory in a report on Friday, August 8th. Finally, Stifel Nicolaus increased their price target on shares of Fox Factory from $34.00 to $36.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $34.86.

About Fox Factory

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.