Y Intercept Hong Kong Ltd Takes Position in Fox Factory Holding Corp. $FOXF

Y Intercept Hong Kong Ltd acquired a new position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 109,177 shares of the company’s stock, valued at approximately $2,832,000. Y Intercept Hong Kong Ltd owned 0.26% of Fox Factory at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bridges Investment Management Inc. grew its holdings in Fox Factory by 127.8% during the first quarter. Bridges Investment Management Inc. now owns 63,455 shares of the company’s stock worth $1,481,000 after acquiring an additional 35,599 shares during the period. Geneva Capital Management LLC grew its holdings in Fox Factory by 4.0% during the first quarter. Geneva Capital Management LLC now owns 538,644 shares of the company’s stock worth $12,572,000 after acquiring an additional 20,692 shares during the period. GAMMA Investing LLC grew its holdings in Fox Factory by 254.1% during the first quarter. GAMMA Investing LLC now owns 1,696 shares of the company’s stock worth $40,000 after acquiring an additional 1,217 shares during the period. GSA Capital Partners LLP grew its holdings in Fox Factory by 50.2% during the first quarter. GSA Capital Partners LLP now owns 59,792 shares of the company’s stock worth $1,396,000 after acquiring an additional 19,985 shares during the period. Finally, Advantage Alpha Capital Partners LP grew its holdings in Fox Factory by 27.5% during the first quarter. Advantage Alpha Capital Partners LP now owns 86,961 shares of the company’s stock worth $2,030,000 after acquiring an additional 18,740 shares during the period.

Wall Street Analyst Weigh In

Several research firms have weighed in on FOXF. Weiss Ratings reissued a “sell (d)” rating on shares of Fox Factory in a report on Wednesday, October 8th. 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. Finally, Stifel Nicolaus set a $33.00 target price on Fox Factory in a report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $33.00.

Fox Factory Stock Performance

Shares of NASDAQ FOXF opened at $22.02 on Friday. 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 stock 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 fifty day simple moving average is $25.78 and its 200 day simple moving average is $25.76. Fox Factory Holding Corp. has a 52-week low of $17.95 and a 52-week high of $37.69.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $374.86 million for the quarter, compared to analysts’ expectations of $349.01 million. During the same quarter in the prior year, the firm posted $0.38 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. 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, sell-side analysts forecast 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.