Envestnet Asset Management Inc. Reduces Holdings in Fox Factory Holding Corp. $FOXF

Envestnet Asset Management Inc. lowered its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 63.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,988 shares of the company’s stock after selling 104,313 shares during the period. Envestnet Asset Management Inc.’s holdings in Fox Factory were worth $1,530,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its stake in Fox Factory by 115.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,288 shares of the company’s stock worth $111,000 after buying an additional 2,295 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Fox Factory by 3.6% in the second quarter. Mutual of America Capital Management LLC now owns 164,127 shares of the company’s stock valued at $4,257,000 after acquiring an additional 5,748 shares during the period. Bridges Investment Management Inc. boosted its holdings in shares of Fox Factory by 15.4% in the second quarter. Bridges Investment Management Inc. now owns 73,251 shares of the company’s stock valued at $1,900,000 after acquiring an additional 9,796 shares during the period. CWM LLC grew its position in shares of Fox Factory by 91.3% during the second quarter. CWM LLC now owns 2,565 shares of the company’s stock worth $67,000 after acquiring an additional 1,224 shares during the last quarter. Finally, Inspire Investing LLC increased its holdings in shares of Fox Factory by 3.6% in the 2nd quarter. Inspire Investing LLC now owns 15,079 shares of the company’s stock valued at $391,000 after acquiring an additional 523 shares during the period.

Fox Factory Trading Down 5.1%

NASDAQ:FOXF opened at $13.49 on Thursday. Fox Factory Holding Corp. has a 1 year low of $13.08 and a 1 year high of $34.80. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.36 and a current ratio of 3.03. The stock has a fifty day moving average price of $22.51 and a two-hundred day moving average price of $25.51. The stock has a market capitalization of $563.90 million, a price-to-earnings ratio of -2.23 and a beta of 1.43.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.33). The company had revenue of $376.36 million for the quarter, compared to analyst estimates of $382.59 million. Fox Factory had a positive return on equity of 5.03% and a negative net margin of 17.50%.The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share. Fox Factory has set its FY 2025 guidance at 0.920-1.120 EPS. Q4 2025 guidance at 0.050-0.250 EPS. As a group, sell-side analysts anticipate that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on FOXF. Zacks Research cut shares of Fox Factory from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 6th. Stifel Nicolaus set a $33.00 price target on Fox Factory in a report on Tuesday, October 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fox Factory in a research note on Wednesday, October 8th. Finally, B. Riley reissued a “neutral” rating and issued a $32.00 target price (up previously from $26.00) on shares of Fox Factory in a report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Fox Factory has a consensus rating of “Hold” and an average target price of $32.40.

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.