Y Intercept Hong Kong Ltd Acquires New Shares in Fox Factory Holding Corp. $FOXF

Y Intercept Hong Kong Ltd purchased a new position in Fox Factory Holding Corp. (NASDAQ:FOXF) in the second quarter, Holdings Channel reports. The fund purchased 109,177 shares of the company’s stock, valued at approximately $2,832,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in FOXF. CWM LLC lifted its position in shares of Fox Factory by 76.2% in the first quarter. CWM LLC now owns 1,341 shares of the company’s stock worth $31,000 after buying an additional 580 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Fox Factory by 254.1% in the first quarter. GAMMA Investing LLC now owns 1,696 shares of the company’s stock worth $40,000 after buying an additional 1,217 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Fox Factory by 113.8% in the first quarter. First Horizon Advisors Inc. now owns 1,950 shares of the company’s stock worth $46,000 after buying an additional 1,038 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Fox Factory by 474.4% in the first quarter. Nisa Investment Advisors LLC now owns 1,993 shares of the company’s stock worth $47,000 after buying an additional 1,646 shares during the last quarter. Finally, Eukles Asset Management lifted its position in shares of Fox Factory by 80.3% in the first quarter. Eukles Asset Management now owns 2,265 shares of the company’s stock worth $53,000 after buying an additional 1,009 shares during the last quarter.

Fox Factory Trading Down 1.5%

Shares of FOXF opened at $22.02 on Friday. Fox Factory Holding Corp. has a 12-month low of $17.95 and a 12-month high of $37.69. 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 capitalization of $920.44 million, a price-to-earnings ratio of -3.64 and a beta of 1.37. The stock’s 50-day moving average price is $25.78 and its 200 day moving average price is $25.76.

Fox Factory (NASDAQ:FOXF) last issued its quarterly 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). Fox Factory had a negative net margin of 17.50% and a positive return on equity of 5.03%. The firm had revenue of $374.86 million for the quarter, compared to the consensus estimate of $349.01 million. During the same quarter in the prior year, the firm earned $0.38 earnings per share. The company’s 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, research analysts predict that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fox Factory in a research report on Wednesday, October 8th. B. Riley reissued a “neutral” rating and set a $32.00 price objective (up previously from $26.00) on shares of Fox Factory in a research report on Friday, August 8th. Finally, Stifel Nicolaus set a $33.00 price objective on Fox Factory in a research report on Tuesday, October 7th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $33.00.

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.