11,300 Shares in Fox Factory Holding Corp. $FOXF Acquired by Versor Investments LP

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 bought a new position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 11,300 shares of the company's stock, valued at approximately $264,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FOXF. RWWM Inc. raised its stake in shares of Fox Factory by 79.0% in the first quarter. RWWM Inc. now owns 3,576,560 shares of the company's stock worth $83,477,000 after acquiring an additional 1,579,029 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Fox Factory by 6,413.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,352,242 shares of the company's stock worth $40,932,000 after acquiring an additional 1,331,480 shares during the last quarter. Nantahala Capital Management LLC bought a new position in shares of Fox Factory in the fourth quarter worth about $19,252,000. Millennium Management LLC raised its stake 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 worth $11,848,000 after acquiring an additional 343,793 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in shares of Fox Factory by 46.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 821,380 shares of the company's stock worth $24,863,000 after acquiring an additional 261,140 shares during the last quarter.

Analysts Set New Price Targets

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

Fox Factory Trading Down 1.4%

Shares of NASDAQ FOXF traded down $0.43 during mid-day trading on Tuesday, hitting $29.75. The company's stock had a trading volume of 93,564 shares, compared to its average volume of 610,822. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of -4.91 and a beta of 1.50. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.03 and a quick ratio of 1.36. Fox Factory Holding Corp. has a one year low of $17.95 and a one year high of $44.27. The company's fifty day simple moving average is $27.99 and its 200-day simple moving average is $25.44.

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 business 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 firm's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the business posted $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. On average, sell-side analysts anticipate that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Fox Factory 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.