Janney Montgomery Scott LLC Takes $826,000 Position in Fox Factory Holding Corp. $FOXF

Janney Montgomery Scott LLC bought a new stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 31,836 shares of the company's stock, valued at approximately $826,000. Janney Montgomery Scott LLC owned approximately 0.08% of Fox Factory at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FOXF. Algert Global LLC purchased a new stake in Fox Factory in the 1st quarter worth $3,695,000. Nuveen LLC acquired a new stake in Fox Factory during the 1st quarter worth $3,664,000. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Fox Factory by 35.6% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 369,230 shares of the company's stock valued at $8,618,000 after acquiring an additional 96,890 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Fox Factory by 14.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 711,977 shares of the company's stock valued at $16,618,000 after acquiring an additional 89,232 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of Fox Factory by 18.7% during the 1st quarter. Millennium Management LLC now owns 464,493 shares of the company's stock valued at $10,841,000 after acquiring an additional 73,090 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FOXF shares. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Fox Factory in a research report on Wednesday, October 8th. Stifel Nicolaus set a $33.00 price target on shares of Fox Factory in a research note on Tuesday, October 7th. Finally, B. Riley restated a "neutral" rating and set a $32.00 target price (up from $26.00) on shares of Fox Factory in a research note on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Fox Factory has an average rating of "Hold" and a consensus price target of $33.00.

Fox Factory Trading Up 4.3%

Shares of FOXF stock opened at $23.64 on Wednesday. Fox Factory Holding Corp. has a fifty-two week low of $17.95 and a fifty-two week high of $41.69. The stock has a market cap of $988.15 million, a P/E ratio of -3.91 and a beta of 1.37. The business has a fifty day simple moving average of $27.16 and a 200-day simple moving average of $25.58. 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 announced 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). Fox Factory had a negative net margin of 17.50% and a positive return on equity of 5.03%. The firm had revenue of $374.86 million during the quarter, compared to analysts' expectations of $349.01 million. During the same quarter in the prior year, the business earned $0.38 EPS. The company's quarterly revenue was up 7.6% compared to the same quarter last year. Fox Factory has set its FY 2025 guidance at 1.600-2.000 EPS. Q3 2025 guidance at 0.450-0.650 EPS. On average, analysts forecast that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

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.

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