Fox Factory Holding Corp. $FOXF Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 9.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,829,747 shares of the company’s stock after selling 422,266 shares during the period. Vanguard Group Inc. owned about 9.16% of Fox Factory worth $65,527,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. ArrowMark Colorado Holdings LLC increased its position in shares of Fox Factory by 72.9% during the third quarter. ArrowMark Colorado Holdings LLC now owns 1,239,216 shares of the company’s stock worth $30,101,000 after purchasing an additional 522,391 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Fox Factory by 9.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,075,521 shares of the company’s stock worth $26,125,000 after purchasing an additional 96,178 shares in the last quarter. Nantahala Capital Management LLC increased its position in shares of Fox Factory by 15.9% during the second quarter. Nantahala Capital Management LLC now owns 728,648 shares of the company’s stock worth $18,901,000 after purchasing an additional 100,000 shares in the last quarter. Bank of America Corp DE increased its position in shares of Fox Factory by 3.3% during the second quarter. Bank of America Corp DE now owns 486,290 shares of the company’s stock worth $12,614,000 after purchasing an additional 15,417 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Fox Factory by 18.7% during the first quarter. Millennium Management LLC now owns 464,493 shares of the company’s stock worth $10,841,000 after purchasing an additional 73,090 shares in the last quarter.

Analyst Upgrades and Downgrades

FOXF has been the topic of a number of research analyst reports. Stifel Nicolaus set a $24.00 target price on Fox Factory in a research report on Thursday, April 16th. Roth Mkm reiterated a “neutral” rating and set a $20.00 target price on shares of Fox Factory in a research report on Friday, May 8th. Zacks Research cut Fox Factory from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings lowered Fox Factory from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $25.33.

Fox Factory Stock Performance

NASDAQ FOXF opened at $16.15 on Friday. 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 price is $16.93 and its 200 day moving average price is $17.60. The firm has a market cap of $677.33 million, a P/E ratio of -2.25, a P/E/G ratio of 0.57 and a beta of 1.37. The company has a quick ratio of 1.52, a current ratio of 2.99 and a debt-to-equity ratio of 1.00.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.09. Fox Factory had a positive return on equity of 5.20% and a negative net margin of 20.25%.The company had revenue of $368.66 million for the quarter, compared to analyst estimates of $351.76 million. During the same quarter in the previous year, the company earned $0.23 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities research analysts expect that Fox Factory Holding Corp. will post 1.41 earnings per share for the current year.

Fox Factory 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.