RWWM Inc. Has $84.54 Million Stake in Fox Factory Holding Corp. $FOXF

RWWM Inc. lessened its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 8.9% in the second quarter, HoldingsChannel.com reports. The firm owned 3,259,077 shares of the company’s stock after selling 317,483 shares during the period. Fox Factory comprises 7.0% of RWWM Inc.’s holdings, making the stock its 7th largest position. RWWM Inc. owned approximately 0.08% of Fox Factory worth $84,540,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC increased its stake in Fox Factory by 76.2% during the 1st quarter. CWM LLC now owns 1,341 shares of the company’s stock valued at $31,000 after purchasing an additional 580 shares in the last quarter. GAMMA Investing LLC increased its stake in Fox Factory by 254.1% during the 1st quarter. GAMMA Investing LLC now owns 1,696 shares of the company’s stock valued at $40,000 after purchasing an additional 1,217 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Fox Factory by 113.8% during the 1st quarter. First Horizon Advisors Inc. now owns 1,950 shares of the company’s stock valued at $46,000 after purchasing an additional 1,038 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Fox Factory by 474.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,993 shares of the company’s stock valued at $47,000 after purchasing an additional 1,646 shares in the last quarter. Finally, Eukles Asset Management increased its stake in Fox Factory by 80.3% during the 1st quarter. Eukles Asset Management now owns 2,265 shares of the company’s stock valued at $53,000 after purchasing an additional 1,009 shares in the last quarter.

Analyst Upgrades and Downgrades

FOXF has been the subject of a number of recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Fox Factory in a research note on Wednesday, October 8th. Stifel Nicolaus set a $33.00 price objective on Fox Factory in a research note on Tuesday, October 7th. Finally, B. Riley restated a “neutral” rating and set a $32.00 price objective (up from $26.00) on shares of Fox Factory in a research note on Friday, August 8th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $33.00.

Fox Factory Price Performance

Shares of NASDAQ:FOXF opened at $22.02 on Friday. The company has a current ratio of 3.03, a quick ratio of 1.36 and a debt-to-equity ratio of 0.70. The stock’s fifty day simple moving average is $25.78 and its two-hundred day simple moving average is $25.76. Fox Factory Holding Corp. has a 1-year low of $17.95 and a 1-year high of $37.69. The stock has a market cap of $920.44 million, a PE ratio of -3.64 and a beta of 1.37.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). The company had revenue of $374.86 million for the quarter, compared to the consensus estimate of $349.01 million. Fox Factory had a negative net margin of 17.50% and a positive return on equity of 5.03%. Fox Factory’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $0.38 earnings per share. 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, analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

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.