RBF Capital LLC Makes New $1.96 Million Investment in Fox Factory Holding Corp. $FOXF

RBF Capital LLC purchased a new position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 114,688 shares of the company’s stock, valued at approximately $1,962,000.

Other hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. increased its position in Fox Factory by 188.1% during the fourth quarter. Hantz Financial Services Inc. now owns 2,057 shares of the company’s stock worth $35,000 after buying an additional 1,343 shares in the last quarter. Farther Finance Advisors LLC increased its position in Fox Factory by 108.3% during the fourth quarter. Farther Finance Advisors LLC now owns 2,075 shares of the company’s stock worth $36,000 after buying an additional 1,079 shares in the last quarter. Covestor Ltd increased its position in Fox Factory by 693.3% during the fourth quarter. Covestor Ltd now owns 2,943 shares of the company’s stock worth $50,000 after buying an additional 2,572 shares in the last quarter. Resona Asset Management Co. Ltd. increased its position in Fox Factory by 33.3% during the fourth quarter. Resona Asset Management Co. Ltd. now owns 4,142 shares of the company’s stock worth $73,000 after buying an additional 1,035 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Fox Factory by 23.8% during the third quarter. PNC Financial Services Group Inc. now owns 7,365 shares of the company’s stock worth $179,000 after buying an additional 1,415 shares in the last quarter.

Wall Street Analyst Weigh In

FOXF has been the subject of several recent research reports. Weiss Ratings downgraded Fox Factory from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 11th. Zacks Research upgraded Fox Factory from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 3rd. Needham & Company LLC restated a “buy” rating on shares of Fox Factory in a report on Wednesday, June 3rd. Roth Mkm restated a “neutral” rating and set a $20.00 price objective on shares of Fox Factory in a report on Friday, May 8th. Finally, Stifel Nicolaus set a $24.00 price objective on Fox Factory in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.33.

Fox Factory Trading Down 1.5%

Shares of FOXF opened at $18.14 on Wednesday. The stock’s 50-day moving average is $17.28 and its two-hundred day moving average is $17.56. The stock has a market cap of $760.79 million, a PE ratio of -2.53, a P/E/G ratio of 0.63 and a beta of 1.37. Fox Factory Holding Corp. has a 12 month low of $13.08 and a 12 month high of $31.18. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.99 and a quick ratio of 1.52.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.09. The company had revenue of $368.66 million for the quarter, compared to analysts’ expectations of $351.76 million. Fox Factory had a positive return on equity of 5.20% and a negative net margin of 20.25%.The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Equities analysts forecast that Fox Factory Holding Corp. will post 1.45 earnings per share for the current fiscal year.

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.