Beck Bode LLC lifted its position in shares of Fox Factory Holding Corp (NASDAQ:FOXF) by 1.8% during the third quarter, Holdings Channel reports. The institutional investor owned 64,527 shares of the company’s stock after purchasing an additional 1,159 shares during the period. Fox Factory makes up approximately 1.8% of Beck Bode LLC’s investment portfolio, making the stock its 21st biggest position. Beck Bode LLC’s holdings in Fox Factory were worth $4,016,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC bought a new position in Fox Factory in the 3rd quarter valued at $333,000. Man Group plc boosted its holdings in shares of Fox Factory by 25.6% in the third quarter. Man Group plc now owns 21,851 shares of the company’s stock valued at $1,360,000 after purchasing an additional 4,459 shares during the period. Voloridge Investment Management LLC grew its stake in Fox Factory by 5.2% in the third quarter. Voloridge Investment Management LLC now owns 17,588 shares of the company’s stock worth $1,095,000 after purchasing an additional 876 shares in the last quarter. Castleark Management LLC bought a new position in Fox Factory in the third quarter worth approximately $6,736,000. Finally, Barclays PLC increased its holdings in Fox Factory by 18.5% during the 3rd quarter. Barclays PLC now owns 51,236 shares of the company’s stock worth $3,189,000 after purchasing an additional 8,007 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut Fox Factory from a “buy” rating to a “hold” rating in a report on Monday, November 4th. BidaskClub raised Fox Factory from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 27th. ValuEngine lowered Fox Factory from a “buy” rating to a “hold” rating in a research note on Thursday, September 19th. Finally, SunTrust Banks upped their price objective on shares of Fox Factory to $68.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $74.50.
Shares of FOXF traded down $0.82 during mid-day trading on Tuesday, hitting $65.37. The company’s stock had a trading volume of 1,573 shares, compared to its average volume of 152,333. The company’s 50-day moving average is $64.05 and its 200-day moving average is $70.58. Fox Factory Holding Corp has a 52-week low of $52.58 and a 52-week high of $86.91. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 29.40, a PEG ratio of 1.49 and a beta of 1.38. The company has a current ratio of 2.92, a quick ratio of 1.64 and a debt-to-equity ratio of 0.18.
Fox Factory (NASDAQ:FOXF) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.04. The firm had revenue of $211.32 million for the quarter, compared to the consensus estimate of $205.90 million. Fox Factory had a net margin of 12.56% and a return on equity of 29.00%. The company’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. As a group, sell-side analysts predict that Fox Factory Holding Corp will post 2.68 earnings per share for the current fiscal year.
About Fox Factory
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers front fork and rear suspension products for mountain bikes and road bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles.
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