RWWM Inc. Sells 689,643 Shares of Fox Factory Holding Corp. $FOXF

RWWM Inc. trimmed its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 21.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,569,434 shares of the company’s stock after selling 689,643 shares during the period. Fox Factory makes up about 4.5% of RWWM Inc.’s portfolio, making the stock its 7th largest holding. RWWM Inc. owned 0.06% of Fox Factory worth $62,412,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. AlphaQuest LLC raised its stake in shares of Fox Factory by 170.4% in the 3rd quarter. AlphaQuest LLC now owns 12,688 shares of the company’s stock worth $308,000 after buying an additional 7,995 shares in the last quarter. Summit Global Investments grew its holdings in Fox Factory by 185.5% during the third quarter. Summit Global Investments now owns 47,167 shares of the company’s stock worth $1,146,000 after acquiring an additional 30,646 shares during the period. Federated Hermes Inc. bought a new stake in Fox Factory in the third quarter worth about $25,000. Y Intercept Hong Kong Ltd lifted its holdings in Fox Factory by 2.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 112,208 shares of the company’s stock valued at $2,726,000 after acquiring an additional 3,031 shares during the last quarter. Finally, First Horizon Corp bought a new position in shares of Fox Factory during the 3rd quarter valued at about $25,000.

Fox Factory Trading Down 0.5%

NASDAQ FOXF opened at $18.40 on Friday. The firm’s 50 day moving average price is $17.50 and its two-hundred day moving average price is $22.51. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.36 and a current ratio of 2.98. Fox Factory Holding Corp. has a twelve month low of $13.08 and a twelve month high of $31.18. The stock has a market cap of $769.12 million, a price-to-earnings ratio of -2.98 and a beta of 1.46.

Fox Factory (NASDAQ:FOXF) last issued its earnings results on Thursday, November 6th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.33). Fox Factory had a positive return on equity of 4.84% and a negative net margin of 17.66%.The business had revenue of $376.36 million during the quarter, compared to analyst estimates of $382.59 million. During the same period last year, the business earned $0.35 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. 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. Equities analysts anticipate that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on FOXF. Zacks Research upgraded shares of Fox Factory from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Roth Mkm dropped their price target on Fox Factory from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, January 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Fox Factory in a research note on Thursday, January 22nd. Stifel Nicolaus set a $33.00 target price on Fox Factory in a report on Tuesday, October 7th. Finally, CJS Securities raised Fox Factory to a “strong-buy” rating in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.