Fox Factory Holding Corp. $FOXF Shares Purchased by Trexquant Investment LP

Key Points

• Trexquant Investment LP has increased its holdings in Fox Factory Holding Corp. by 187.7%, owning approximately 0.25% of the company valued at $2.47 million.
• Several investment firms, including Dimensional Fund Advisors LP and BNP Paribas Financial Markets, have also raised their positions in Fox Factory during the fourth quarter.
• Analysts have updated their price targets for Fox Factory, with Truist Financial raising its target from $28 to $34 and giving a "buy" rating.

Trexquant Investment LP increased its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 187.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,839 shares of the company's stock after acquiring an additional 69,047 shares during the period. Trexquant Investment LP owned approximately 0.25% of Fox Factory worth $2,470,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. RWWM Inc. lifted its stake in Fox Factory by 79.0% during the 1st quarter. RWWM Inc. now owns 3,576,560 shares of the company's stock valued at $83,477,000 after acquiring an additional 1,579,029 shares during the period. Millennium Management LLC grew its holdings in shares of Fox Factory by 722.1% in the fourth quarter. Millennium Management LLC now owns 391,403 shares of the company's stock valued at $11,848,000 after purchasing an additional 343,793 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Fox Factory by 46.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 821,380 shares of the company's stock worth $24,863,000 after buying an additional 261,140 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in Fox Factory by 1,085.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 206,440 shares of the company's stock valued at $6,249,000 after buying an additional 189,029 shares during the period. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Fox Factory by 1,723.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 173,273 shares of the company's stock worth $5,245,000 after purchasing an additional 163,773 shares during the period.

Fox Factory Price Performance

FOXF stock traded up $0.38 during mid-day trading on Monday, hitting $29.61. 180,874 shares of the stock were exchanged, compared to its average volume of 601,602. Fox Factory Holding Corp. has a 12 month low of $17.95 and a 12 month 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. The business has a fifty day moving average price of $28.70 and a 200 day moving average price of $25.61. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -4.89 and a beta of 1.48.

Fox Factory (NASDAQ:FOXF - Get Free Report) last released its quarterly earnings data 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). Fox Factory had a negative net margin of 17.50% and a positive return on equity of 5.03%. The business had revenue of $374.86 million during the quarter, compared to the consensus estimate of $349.01 million. During the same period last year, the company posted $0.38 earnings per share. The business'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. On average, sell-side analysts anticipate that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on FOXF shares. Truist Financial increased their price objective on shares of Fox Factory from $28.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Stifel Nicolaus increased their price objective on Fox Factory from $34.00 to $36.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, B. Riley restated a "neutral" rating and set a $32.00 target price (up previously from $26.00) on shares of Fox Factory in a report on Friday, August 8th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Fox Factory presently has a consensus rating of "Hold" and a consensus price target of $34.86.

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.