Magnetar Financial LLC Purchases 16,503 Shares of Fox Factory Holding Corp. $FOXF

Magnetar Financial LLC lifted its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 51.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,509 shares of the company’s stock after acquiring an additional 16,503 shares during the period. Magnetar Financial LLC’s holdings in Fox Factory were worth $1,258,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FOXF. Envestnet Asset Management Inc. raised its holdings in Fox Factory by 29.1% in the first quarter. Envestnet Asset Management Inc. now owns 163,301 shares of the company’s stock worth $3,811,000 after purchasing an additional 36,788 shares in the last quarter. CWM LLC grew its position in shares of Fox Factory by 76.2% in the 1st quarter. CWM LLC now owns 1,341 shares of the company’s stock worth $31,000 after buying an additional 580 shares during the period. GSA Capital Partners LLP increased its stake in shares of Fox Factory by 50.2% in the 1st 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 in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Fox Factory by 46.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,766 shares of the company’s stock worth $158,000 after acquiring an additional 2,156 shares in the last quarter. Finally, Geneva Capital Management LLC lifted its position in Fox Factory by 4.0% during the 1st quarter. Geneva Capital Management LLC now owns 538,644 shares of the company’s stock valued at $12,572,000 after acquiring an additional 20,692 shares during the period.

Fox Factory Price Performance

Shares of NASDAQ FOXF opened at $13.91 on Monday. The firm has a market cap of $581.45 million, a P/E ratio of -2.30 and a beta of 1.43. Fox Factory Holding Corp. has a twelve month low of $13.08 and a twelve month high of $34.80. 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 company has a 50 day moving average of $21.93 and a 200 day moving average of $25.45.

Fox Factory (NASDAQ:FOXF) last posted its 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 positive return on equity of 5.03% and a negative net margin of 17.50%.The business had revenue of $376.36 million during the quarter, compared to the consensus estimate of $382.59 million. During the same period in the previous year, the business posted $0.35 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. 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, research analysts expect that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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