Versor Investments LP Invests $264,000 in Fox Factory Holding Corp. $FOXF

Key Points

• Versor Investments LP has acquired a new stake in Fox Factory Holding Corp. by purchasing 11,300 shares valued at approximately $264,000 during the first quarter.
• Fox Factory reported quarterly earnings of $0.40 per share, missing estimates, but demonstrated a revenue increase of 7.6% year-over-year, totaling $374.86 million.
• Analysts have varying ratings for Fox Factory, with a consensus price target of $34.86, indicating a mix of buy and hold recommendations.

Versor Investments LP acquired a new stake in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,300 shares of the company's stock, valued at approximately $264,000.

Several other large investors have also recently made changes to their positions in FOXF. RWWM Inc. increased its position in shares of Fox Factory by 79.0% during the first quarter. RWWM Inc. now owns 3,576,560 shares of the company's stock worth $83,477,000 after purchasing an additional 1,579,029 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Fox Factory by 6,413.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,352,242 shares of the company's stock worth $40,932,000 after purchasing an additional 1,331,480 shares in the last quarter. Nantahala Capital Management LLC purchased a new stake in shares of Fox Factory during the fourth quarter worth approximately $19,252,000. Millennium Management LLC increased its position in shares of Fox Factory by 722.1% during the fourth quarter. Millennium Management LLC now owns 391,403 shares of the company's stock worth $11,848,000 after purchasing an additional 343,793 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Fox Factory by 46.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 821,380 shares of the company's stock worth $24,863,000 after purchasing an additional 261,140 shares in the last quarter.

Fox Factory Trading Up 0.3%

FOXF traded up $0.09 during mid-day trading on Wednesday, hitting $29.70. 238,599 shares of the stock were exchanged, compared to its average volume of 661,971. The firm's fifty day moving average is $28.18 and its two-hundred day moving average is $25.49. Fox Factory Holding Corp. has a 1-year low of $17.95 and a 1-year 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. The company has a market cap of $1.24 billion, a PE ratio of -4.91 and a beta of 1.50.

Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its quarterly 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). The company had revenue of $374.86 million during the quarter, compared to analyst estimates of $349.01 million. Fox Factory had a negative net margin of 17.50% and a positive return on equity of 5.03%. Fox Factory's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the business 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. Equities analysts forecast that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FOXF has been the subject of several research reports. B. Riley reiterated a "neutral" rating and set a $32.00 price target (up from $26.00) on shares of Fox Factory in a research report on Friday, August 8th. Stifel Nicolaus boosted their price target on Fox Factory from $34.00 to $36.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Truist Financial boosted their price target on Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $34.86.

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.