Fox Factory Holding Corp. $FOXF Shares Sold by Woodson Capital Management LP

Woodson Capital Management LP reduced its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 6.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 420,000 shares of the company’s stock after selling 30,000 shares during the quarter. Fox Factory comprises about 1.8% of Woodson Capital Management LP’s investment portfolio, making the stock its 21st largest holding. Woodson Capital Management LP owned 1.00% of Fox Factory worth $10,202,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in FOXF. Royal Bank of Canada boosted its position in Fox Factory by 82.2% during the first quarter. Royal Bank of Canada now owns 12,898 shares of the company’s stock valued at $301,000 after purchasing an additional 5,820 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Fox Factory by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,142 shares of the company’s stock worth $587,000 after purchasing an additional 1,103 shares during the last quarter. Millennium Management LLC grew its holdings in Fox Factory by 18.7% during the first quarter. Millennium Management LLC now owns 464,493 shares of the company’s stock valued at $10,841,000 after purchasing an additional 73,090 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Fox Factory during the first quarter worth $263,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Fox Factory by 20.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,431 shares of the company’s stock valued at $2,041,000 after purchasing an additional 15,021 shares during the last quarter.

Fox Factory Trading Up 2.4%

Shares of FOXF stock opened at $19.30 on Friday. The firm’s 50 day moving average is $16.48 and its 200 day moving average is $23.19. Fox Factory Holding Corp. has a 12-month low of $13.08 and a 12-month high of $31.18. The stock has a market capitalization of $806.74 million, a P/E ratio of -3.12 and a beta of 1.46. The company has a current ratio of 2.98, a quick ratio of 1.36 and a debt-to-equity ratio of 0.69.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.33). Fox Factory had a negative net margin of 17.66% and a positive return on equity of 4.84%. The firm had revenue of $376.36 million for the quarter, compared to the consensus estimate of $382.59 million. During the same period in the previous year, the company posted $0.35 earnings per share. Fox Factory’s quarterly revenue was up 4.8% on a year-over-year basis. Fox Factory has set its FY 2025 guidance at 0.920-1.120 EPS and its Q4 2025 guidance at 0.050-0.250 EPS. Research analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Zacks Research raised Fox Factory from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. CJS Securities raised shares of Fox Factory to a “strong-buy” rating in a research note on Thursday, December 11th. Roth Capital decreased their price objective on Fox Factory from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 6th. Stifel Nicolaus set a $33.00 price target on shares of Fox Factory in a research report on Tuesday, October 7th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Fox Factory in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.17.

About Fox Factory

Fox Factory Holding Corp., headquartered in Duluth, Minnesota, designs, engineers and manufactures high-performance suspension systems, shock absorbers and related components for powersports, light-vehicle and mountain-bike applications. The company’s FOX brand offers a comprehensive portfolio of forks, shocks, coilovers and internal bypass dampers aimed at OEM and aftermarket customers seeking enhanced ride quality, control and durability across off-road vehicles, motorcycles and bicycles.

Founded in 1974 by Bob Fox in California, Fox Factory has expanded its technology base and market reach through strategic acquisitions such as Marzocchi Suspension, DVO Suspension and Walker Evans Racing.