Public Sector Pension Investment Board Increases Position in Fox Factory Holding Corp. $FOXF

Key Points

• The Public Sector Pension Investment Board increased its stake in Fox Factory Holding Corp. by 27.3%, owning approximately 0.32% of the company valued at $3.09 million.
• Fox Factory reported earnings of $0.40 per share, missing estimates by $0.03, while its revenue of $374.86 million surpassed expectations.
• Stock analysts have mixed ratings on Fox Factory, with a consensus price target of $34.86, reflecting a mix of hold and buy ratings from multiple analysts.

Public Sector Pension Investment Board lifted its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 27.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,218 shares of the company's stock after purchasing an additional 28,380 shares during the quarter. Public Sector Pension Investment Board owned about 0.32% of Fox Factory worth $3,086,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. CWM LLC boosted its holdings in shares of Fox Factory by 76.2% during the first quarter. CWM LLC now owns 1,341 shares of the company's stock worth $31,000 after purchasing an additional 580 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Fox Factory by 142.8% during the first quarter. Versant Capital Management Inc now owns 1,372 shares of the company's stock worth $32,000 after purchasing an additional 807 shares during the last quarter. GAMMA Investing LLC boosted its holdings 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 purchasing an additional 1,217 shares during the last quarter. Quarry LP acquired a new stake in shares of Fox Factory during the fourth quarter worth $45,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Fox Factory by 113.8% during the first quarter. First Horizon Advisors Inc. now owns 1,950 shares of the company's stock worth $46,000 after purchasing an additional 1,038 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. B. Riley reiterated a "neutral" rating and issued a $32.00 target price (up previously from $26.00) on shares of Fox Factory in a report on Friday, August 8th. Stifel Nicolaus lifted their target price on Fox Factory from $34.00 to $36.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, Truist Financial boosted their price objective on Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $34.86.

Fox Factory Stock Up 6.9%

Shares of FOXF traded up $1.97 during midday trading on Friday, reaching $30.35. 462,969 shares of the company were exchanged, compared to its average volume of 738,627. Fox Factory Holding Corp. has a 1-year low of $17.95 and a 1-year 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 company has a current ratio of 3.03, a quick ratio of 1.36 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average price of $27.91 and a 200-day moving average price of $25.42.

Fox Factory (NASDAQ:FOXF - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). Fox Factory had a positive return on equity of 5.03% and a negative net margin of 17.50%.The business had revenue of $374.86 million for the quarter, compared to analysts' expectations of $349.01 million. During the same period in the previous year, the firm posted $0.38 earnings per share. The firm's 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. Research analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current 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.