Nuveen LLC Takes Position in Fox Factory Holding Corp. $FOXF

Key Points

• Nuveen LLC made a new investment in Fox Factory Holding Corp., acquiring 156,992 shares valued at approximately $3.66 million, representing 0.38% ownership in the firm.
• Fox Factory reported Q2 earnings of $0.40 per share, missing expectations, although it achieved a revenue of $374.86 million, exceeding analyst estimates.
• Analyst ratings are mixed, with a consensus rating of "Hold" and a target price of $34.86, as several analysts adjust their price objectives upwards.

Nuveen LLC bought a new stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 156,992 shares of the company's stock, valued at approximately $3,664,000. Nuveen LLC owned about 0.38% of Fox Factory at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FOXF. Bridges Investment Management Inc. raised its stake in shares of Fox Factory by 127.8% during the first quarter. Bridges Investment Management Inc. now owns 63,455 shares of the company's stock worth $1,481,000 after acquiring an additional 35,599 shares in the last quarter. Two Sigma Advisers LP purchased a new position in shares of Fox Factory during the fourth quarter worth approximately $378,000. Geneva Capital Management LLC raised its stake in shares of Fox Factory by 4.0% during the first quarter. Geneva Capital Management LLC now owns 538,644 shares of the company's stock worth $12,572,000 after acquiring an additional 20,692 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Fox Factory by 254.1% during the first quarter. GAMMA Investing LLC now owns 1,696 shares of the company's stock worth $40,000 after acquiring an additional 1,217 shares in the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of Fox Factory by 50.2% during the first quarter. GSA Capital Partners LLP now owns 59,792 shares of the company's stock worth $1,396,000 after acquiring an additional 19,985 shares in the last quarter.

Analyst Ratings Changes

Several brokerages recently commented on FOXF. Truist Financial lifted their target price on shares of Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. B. Riley reaffirmed a "neutral" rating and issued a $32.00 target price (up from $26.00) on shares of Fox Factory in a research note on Friday, August 8th. Finally, Stifel Nicolaus lifted their target price on shares of Fox Factory from $34.00 to $36.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $34.86.

Fox Factory Trading Down 0.2%

NASDAQ:FOXF traded down $0.05 during trading hours on Monday, hitting $28.93. The company had a trading volume of 491,161 shares, compared to its average volume of 600,387. The company has a market capitalization of $1.21 billion, a PE ratio of -4.78 and a beta of 1.48. The stock has a 50-day moving average price of $28.36 and a 200 day moving average price of $25.53. Fox Factory Holding Corp. has a 52 week low of $17.95 and a 52 week high of $44.27. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.03 and a quick ratio of 1.36.

Fox Factory (NASDAQ:FOXF - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). The company had revenue of $374.86 million during the quarter, compared to the consensus estimate of $349.01 million. Fox Factory had a negative net margin of 17.50% and a positive return on equity of 5.03%. The business's revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the firm 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. On average, equities research analysts predict that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

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.