Vanguard Group Inc. Lowers Stock Position in Fox Factory Holding Corp. $FOXF

Vanguard Group Inc. lessened its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 9.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,829,747 shares of the company’s stock after selling 422,266 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of Fox Factory worth $65,527,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. WCM Investment Management LLC purchased a new stake in Fox Factory in the 3rd quarter valued at approximately $10,565,000. ArrowMark Colorado Holdings LLC boosted its stake in shares of Fox Factory by 72.9% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,239,216 shares of the company’s stock worth $30,101,000 after acquiring an additional 522,391 shares in the last quarter. B. Metzler seel. Sohn & Co. AG boosted its stake in shares of Fox Factory by 365.1% during the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 87,825 shares of the company’s stock worth $2,133,000 after acquiring an additional 68,941 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in shares of Fox Factory by 37.5% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 119,552 shares of the company’s stock worth $2,904,000 after acquiring an additional 32,636 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Fox Factory by 15.2% during the 3rd quarter. Principal Financial Group Inc. now owns 269,431 shares of the company’s stock worth $6,544,000 after acquiring an additional 35,575 shares in the last quarter.

Fox Factory Trading Down 0.6%

Shares of Fox Factory stock opened at $16.15 on Friday. 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 Holding Corp. has a 1 year low of $13.08 and a 1 year high of $31.18. The company has a market capitalization 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 business has a 50 day moving average price of $16.93 and a 200 day moving average price of $17.60.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $368.66 million during the quarter, compared to the consensus estimate of $351.76 million. During the same period in the previous year, the firm posted $0.23 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. Sell-side analysts anticipate that Fox Factory Holding Corp. will post 1.41 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.