Assenagon Asset Management S.A. bought a new position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF – Get Rating) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,390 shares of the company’s stock, valued at approximately $724,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System boosted its stake in Fox Factory by 1.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the company’s stock worth $1,017,000 after purchasing an additional 200 shares during the last quarter. Inspire Investing LLC acquired a new stake in Fox Factory during the 1st quarter worth $234,000. Virginia Retirement Systems ET AL boosted its position in shares of Fox Factory by 24.0% during the 1st quarter. Virginia Retirement Systems ET AL now owns 9,300 shares of the company’s stock valued at $911,000 after acquiring an additional 1,800 shares during the last quarter. Chatham Capital Group Inc. boosted its position in shares of Fox Factory by 1.4% during the 1st quarter. Chatham Capital Group Inc. now owns 29,234 shares of the company’s stock valued at $2,863,000 after acquiring an additional 405 shares during the last quarter. Finally, Redwood Investments LLC boosted its position in shares of Fox Factory by 17.8% during the 1st quarter. Redwood Investments LLC now owns 194,297 shares of the company’s stock valued at $19,031,000 after acquiring an additional 29,370 shares during the last quarter. Institutional investors and hedge funds own 99.49% of the company’s stock.
Fox Factory Stock Up 1.6 %
Shares of FOXF opened at $87.24 on Monday. The firm has a market cap of $3.68 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 0.84 and a beta of 1.72. Fox Factory Holding Corp. has a 12-month low of $69.28 and a 12-month high of $190.29. The company’s 50-day moving average price is $81.86 and its 200 day moving average price is $103.44. The company has a current ratio of 3.05, a quick ratio of 1.93 and a debt-to-equity ratio of 0.42.
Fox Factory (NASDAQ:FOXF – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.19. The firm had revenue of $377.98 million for the quarter, compared to analyst estimates of $335.60 million. Fox Factory had a net margin of 12.46% and a return on equity of 23.11%. Fox Factory’s revenue was up 34.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. On average, sell-side analysts forecast that Fox Factory Holding Corp. will post 5.16 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on FOXF. Jefferies Financial Group lowered their price target on shares of Fox Factory from $140.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, June 24th. StockNews.com began coverage on shares of Fox Factory in a research report on Thursday, March 31st. They set a “hold” rating on the stock.
About Fox Factory
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers mid-end and high-end front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and 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.
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