Sei Investments Co. Purchases 108,321 Shares of Fox Factory Holding Corp. $FOXF

Key Points

• Sei Investments more than doubled its Fox Factory stake in the first quarter, purchasing 108,321 additional shares to own 213,103 shares worth approximately $3.5 million, or 0.51% of the company.
• Fox Factory’s latest quarter showed a mixed performance: EPS of $0.37 beat the $0.18 consensus estimate and revenue reached $358.1 million, but revenue declined 4.5% year over year and EPS fell from $0.40.
• Analysts remain cautious, with a consensus “Hold” rating and a $23.20 price target; recent targets range from $20 to $24, while Bank of America downgraded the stock to “underperform.”

Sei Investments Co. increased its position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 103.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 213,103 shares of the company's stock after buying an additional 108,321 shares during the quarter. Sei Investments Co. owned 0.51% of Fox Factory worth $3,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in FOXF. RWWM Inc. grew its holdings in Fox Factory by 4.7% during the 1st quarter. RWWM Inc. now owns 5,533,072 shares of the company's stock worth $91,074,000 after acquiring an additional 247,635 shares during the last quarter. Nantahala Capital Management LLC raised its stake in shares of Fox Factory by 200.3% during the fourth quarter. Nantahala Capital Management LLC now owns 2,188,300 shares of the company's stock valued at $37,442,000 after acquiring an additional 1,459,652 shares during the last quarter. State Street Corp raised its stake in shares of Fox Factory by 1.4% during the fourth quarter. State Street Corp now owns 1,620,544 shares of the company's stock valued at $27,728,000 after acquiring an additional 21,914 shares during the last quarter. Estuary Capital Management LP lifted its holdings in shares of Fox Factory by 4.6% during the fourth quarter. Estuary Capital Management LP now owns 1,574,759 shares of the company's stock worth $26,944,000 after purchasing an additional 69,405 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Fox Factory by 26.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,271,969 shares of the company's stock worth $20,937,000 after purchasing an additional 262,076 shares during the period.

Analysts Set New Price Targets

A number of analysts recently weighed in on FOXF shares. Weiss Ratings downgraded Fox Factory from a "sell (d-)" rating to a "sell (e+)" rating in a report on Monday, May 11th. Zacks Research raised Fox Factory from a "strong sell" rating to a "hold" rating in a report on Wednesday, June 3rd. Stifel Nicolaus set a $24.00 price target on Fox Factory in a research report on Thursday, April 16th. Bank of America cut Fox Factory from a "neutral" rating to an "underperform" rating and decreased their price target for the company from $24.00 to $20.00 in a research note on Tuesday, June 30th. Finally, Fox Advisors set a $20.00 price objective on Fox Factory in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $23.20.

Key Headlines Impacting Fox Factory

Here are the key news stories impacting Fox Factory this week:

• Positive Sentiment: Fox Factory reported quarterly EPS of $0.37, well above the $0.16-$0.18 analyst consensus and ahead of expectations by a wide margin. However, earnings were below $0.40 in the year-ago period. Fox Factory Holding Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management issued third-quarter fiscal 2026 revenue guidance of $355 million to $380 million, above the $345.1 million analyst consensus, suggesting potential sequential improvement. Full-year revenue guidance of $1.4 billion to $1.5 billion was also broadly in line with, and slightly above, consensus at the midpoint. Fox Factory Reports Second-Quarter Fiscal 2026 Results
• Neutral Sentiment: Brokerages maintain a consensus “Hold” recommendation, indicating that analysts see a balanced risk-reward profile following the results. Fox Factory Receives Consensus Hold Recommendation
• Negative Sentiment: Quarterly revenue fell 4.5% from the same period last year, while EPS declined from $0.40 to $0.37. The company also reported a negative net margin of 20.25%, raising concerns about profitability despite the earnings beat. Fox Factory Quarterly Earnings Results

Fox Factory Price Performance

FOXF stock opened at $18.86 on Friday. The firm has a market cap of $790.91 million, a price-to-earnings ratio of -2.63, a PEG ratio of 0.77 and a beta of 1.35. The company has a quick ratio of 1.52, a current ratio of 2.99 and a debt-to-equity ratio of 1.00. Fox Factory Holding Corp. has a 12-month low of $13.08 and a 12-month high of $30.75. The company's fifty day simple moving average is $18.03 and its 200 day simple moving average is $17.75.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.19. Fox Factory had a positive return on equity of 5.20% and a negative net margin of 20.25%.The firm had revenue of $358.12 million during the quarter, compared to the consensus estimate of $352.94 million. During the same period last year, the business posted $0.40 EPS. The business's revenue was down 4.5% compared to the same quarter last year. On average, analysts expect that Fox Factory Holding Corp. will post 1.41 earnings per share for the current year.

Fox Factory Profile

Fox Factory Holding Corp., headquartered in Duluth, Minnesota, designs, engineers and manufactures high-performance suspension systems, shock absorbers and related components for powersports, light-vehicle and mountain-bike applications. The company's FOX brand offers a comprehensive portfolio of forks, shocks, coilovers and internal bypass dampers aimed at OEM and aftermarket customers seeking enhanced ride quality, control and durability across off-road vehicles, motorcycles and bicycles.

Founded in 1974 by Bob Fox in California, Fox Factory has expanded its technology base and market reach through strategic acquisitions such as Marzocchi Suspension, DVO Suspension and Walker Evans Racing.

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