WCM Investment Management LLC Takes Position in Fox Factory Holding Corp. $FOXF

WCM Investment Management LLC bought a new position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 426,531 shares of the company’s stock, valued at approximately $10,565,000. WCM Investment Management LLC owned 1.02% of Fox Factory as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Corp purchased a new stake in shares of Fox Factory in the 3rd quarter valued at approximately $25,000. Federated Hermes Inc. acquired a new position in shares of Fox Factory during the third quarter worth $25,000. CWM LLC increased its holdings in Fox Factory by 91.3% in the second quarter. CWM LLC now owns 2,565 shares of the company’s stock valued at $67,000 after buying an additional 1,224 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Fox Factory by 115.2% in the second quarter. Nisa Investment Advisors LLC now owns 4,288 shares of the company’s stock valued at $111,000 after buying an additional 2,295 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. raised its stake in Fox Factory by 21.0% in the second quarter. Resona Asset Management Co. Ltd. now owns 7,503 shares of the company’s stock valued at $194,000 after buying an additional 1,300 shares in the last quarter.

Fox Factory Trading Up 0.1%

FOXF opened at $18.40 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 2.98 and a debt-to-equity ratio of 0.69. Fox Factory Holding Corp. has a 52 week low of $13.08 and a 52 week high of $31.18. The business’s 50 day moving average is $17.66 and its two-hundred day moving average is $22.35. The firm has a market cap of $769.12 million, a price-to-earnings ratio of -2.98 and a beta of 1.50.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.33). The firm had revenue of $376.36 million during the quarter, compared to analyst estimates of $382.59 million. Fox Factory had a negative net margin of 17.66% and a positive return on equity of 4.84%. Fox Factory’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. 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. On average, research analysts predict that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FOXF. Stifel Nicolaus set a $33.00 price objective on Fox Factory in a research report on Tuesday, October 7th. Roth Mkm decreased their target price on Fox Factory from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, January 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fox Factory in a report on Thursday, January 22nd. Zacks Research raised shares of Fox Factory from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, CJS Securities upgraded shares of Fox Factory to a “strong-buy” rating in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Fox Factory has a consensus rating of “Hold” and a consensus price target of $30.17.

Fox Factory Company Profile

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.