William Blair Investment Management LLC Purchases 4,714 Shares of Fox Factory Holding Corp. $FOXF

William Blair Investment Management LLC boosted its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 0.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,481,215 shares of the company’s stock after purchasing an additional 4,714 shares during the quarter. William Blair Investment Management LLC owned approximately 5.95% of Fox Factory worth $64,363,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of FOXF. Inspire Investing LLC raised its position in shares of Fox Factory by 3.6% in the 2nd quarter. Inspire Investing LLC now owns 15,079 shares of the company’s stock valued at $391,000 after purchasing an additional 523 shares during the last quarter. Truist Financial Corp raised its position in shares of Fox Factory by 3.8% in the 2nd quarter. Truist Financial Corp now owns 15,576 shares of the company’s stock valued at $404,000 after purchasing an additional 571 shares during the last quarter. CWM LLC raised 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 valued at $31,000 after purchasing an additional 580 shares during the last quarter. Eukles Asset Management raised its position in shares of Fox Factory by 80.3% in 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 during the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of Fox Factory by 113.8% in 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 during the last quarter.

Fox Factory Price Performance

Shares of NASDAQ FOXF opened at $22.60 on Friday. The firm’s 50 day simple moving average is $26.78 and its 200-day simple moving average is $25.55. Fox Factory Holding Corp. has a 12 month low of $17.95 and a 12 month high of $41.52. The stock has a market capitalization of $944.68 million, a price-to-earnings ratio of -3.74 and a beta of 1.37. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.03 and a quick ratio of 1.36.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). Fox Factory had a positive return on equity of 5.03% and a negative net margin of 17.50%.The company 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 earned $0.38 EPS. The firm’s revenue was up 7.6% on a year-over-year basis. Fox Factory has set its FY 2025 guidance at 1.600-2.000 EPS. Q3 2025 guidance at 0.450-0.650 EPS. Analysts expect that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Stifel Nicolaus set a $33.00 price objective on shares of Fox Factory in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fox Factory in a research report on Wednesday, October 8th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $32.00 price objective (up from $26.00) on shares of Fox Factory in a research report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $33.00.

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.