Russell Investments Group Ltd. Sells 15,555 Shares of Fox Factory Holding Corp. $FOXF

Key Points

• Russell Investments Group Ltd. has significantly reduced its stake in Fox Factory Holding Corp. by 69.1%, bringing its holdings down to 6,960 shares after selling 15,555 shares in the first quarter.
• Other investors, such as Bridges Investment Management Inc. and GAMMA Investing LLC, have increased their stakes in Fox Factory, with Bridges adding 35,599 shares, reflecting a 127.8% growth in its investment.
• Analysts have varied opinions on Fox Factory, with ratings ranging from a "neutral" to "buy," and a consensus target price of $34.86, indicating potential growth based on recent performance and company guidance.

Russell Investments Group Ltd. trimmed its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 69.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,960 shares of the company's stock after selling 15,555 shares during the quarter. Russell Investments Group Ltd.'s holdings in Fox Factory were worth $162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Bridges Investment Management Inc. grew its stake in Fox Factory by 127.8% in the first quarter. Bridges Investment Management Inc. now owns 63,455 shares of the company's stock valued at $1,481,000 after acquiring an additional 35,599 shares during the period. Two Sigma Advisers LP acquired a new stake in Fox Factory in the fourth quarter valued at approximately $378,000. Geneva Capital Management LLC grew its stake in Fox Factory by 4.0% in the first quarter. Geneva Capital Management LLC now owns 538,644 shares of the company's stock valued at $12,572,000 after acquiring an additional 20,692 shares during the period. GAMMA Investing LLC grew its stake in Fox Factory by 254.1% in the first quarter. GAMMA Investing LLC now owns 1,696 shares of the company's stock valued at $40,000 after acquiring an additional 1,217 shares during the period. Finally, GSA Capital Partners LLP grew its stake in Fox Factory by 50.2% in the first quarter. GSA Capital Partners LLP now owns 59,792 shares of the company's stock valued at $1,396,000 after acquiring an additional 19,985 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on FOXF shares. B. Riley reaffirmed a "neutral" rating and set a $32.00 target price (up previously from $26.00) on shares of Fox Factory in a research 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 research report on Friday, August 8th. Finally, Truist Financial lifted their target price on Fox Factory from $28.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $34.86.

Fox Factory Stock Performance

Shares of Fox Factory stock opened at $28.09 on Wednesday. The business's fifty day simple moving average is $28.51 and its 200 day simple moving average is $25.57. The firm has a market capitalization of $1.17 billion, a P/E ratio of -4.64 and a beta of 1.48. Fox Factory Holding Corp. has a 12 month low of $17.95 and a 12 month high of $44.27. The company has a current ratio of 3.03, a quick ratio of 1.36 and a debt-to-equity ratio of 0.70.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). The firm 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 quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 earnings per share. Fox Factory has set its FY 2025 guidance at 1.600-2.000 EPS. Q3 2025 guidance at 0.450-0.650 EPS. As a group, 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.

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