Fox Factory Holding Corp. $FOXF Shares Bought by Walleye Capital LLC

Key Points

• Walleye Capital LLC increased its holdings in Fox Factory by 85.9%, acquiring an additional 29,943 shares to own a total of 64,795 shares valued at approximately $1.5 million.
• Various institutional investors have significantly raised their positions in Fox Factory, including RWWM Inc. with a 79% increase and Millennium Management LLC with a 722.1% increase.
• Analysts have recently upgraded Fox Factory's stock ratings, with target prices ranging from $34 to $36, reflecting positive sentiment despite a minor earnings miss in its latest report.

Walleye Capital LLC grew its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 85.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,795 shares of the company's stock after purchasing an additional 29,943 shares during the period. Walleye Capital LLC owned approximately 0.16% of Fox Factory worth $1,512,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FOXF. RWWM Inc. lifted its holdings in shares of 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 purchasing an additional 1,579,029 shares during the last quarter. Millennium Management LLC raised its stake in Fox Factory by 722.1% in the 4th 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. D. E. Shaw & Co. Inc. raised its stake in Fox Factory by 46.6% in the 4th 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. Balyasny Asset Management L.P. raised 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 worth $6,249,000 after acquiring an additional 189,029 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in Fox Factory by 1,723.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 173,273 shares of the company's stock worth $5,245,000 after acquiring an additional 163,773 shares during the last quarter.

Fox Factory Price Performance

Shares of NASDAQ:FOXF traded down $0.84 during trading on Tuesday, reaching $28.09. 280,109 shares of the company's stock traded hands, compared to its average volume of 606,316. Fox Factory Holding Corp. has a fifty-two week low of $17.95 and a fifty-two week high of $44.27. The company has a quick ratio of 1.36, a current ratio of 3.03 and a debt-to-equity ratio of 0.70. The firm has a market cap of $1.17 billion, a PE ratio of -4.64 and a beta of 1.48. The company has a 50-day simple moving average of $28.45 and a 200-day simple moving average of $25.56.

Fox Factory (NASDAQ:FOXF - Get Free Report) last posted 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 positive return on equity of 5.03% and a negative net margin of 17.50%.The firm had revenue of $374.86 million during the quarter, compared to analyst estimates of $349.01 million. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The company's quarterly revenue was up 7.6% on a year-over-year basis. 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 predict that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.