Intech Investment Management LLC Buys 36,811 Shares of Fox Factory Holding Corp. $FOXF

Intech Investment Management LLC lifted its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 158.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,081 shares of the company’s stock after buying an additional 36,811 shares during the period. Intech Investment Management LLC owned about 0.14% of Fox Factory worth $1,028,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. ArrowMark Colorado Holdings LLC raised its holdings 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 buying an additional 522,391 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Fox Factory by 9.8% in the 3rd 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. Geode Capital Management LLC increased its holdings in Fox Factory by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 1,018,677 shares of the company’s stock worth $17,433,000 after purchasing an additional 28,820 shares in the last quarter. Nantahala Capital Management LLC increased its holdings in Fox Factory by 15.9% in the 2nd 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. Finally, Bank of America Corp DE increased its holdings in Fox Factory by 3.3% in the 2nd 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.

Fox Factory Stock Performance

Shares of Fox Factory stock opened at $17.41 on Monday. The company has a market cap of $730.18 million, a PE ratio of -2.43, a price-to-earnings-growth ratio of 0.61 and a beta of 1.37. Fox Factory Holding Corp. has a 52 week low of $13.08 and a 52 week high of $31.18. The business has a 50 day moving average price of $17.13 and a 200-day moving average price of $17.37. 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 issued its quarterly earnings data on Thursday, May 7th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.09 by $0.09. The firm had revenue of $368.66 million during the quarter, compared to the consensus estimate of $351.76 million. Fox Factory had a positive return on equity of 5.20% and a negative net margin of 20.25%.The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 earnings per share. Equities analysts anticipate that Fox Factory Holding Corp. will post 1.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FOXF. Roth Mkm reaffirmed a “neutral” rating and issued a $20.00 target price on shares of Fox Factory in a report on Friday, May 8th. Weiss Ratings cut Fox Factory from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 11th. Needham & Company LLC reaffirmed a “buy” rating on shares of Fox Factory in a report on Wednesday. Zacks Research upgraded Fox Factory from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 3rd. Finally, Stifel Nicolaus set a $24.00 target price on Fox Factory in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Fox Factory currently has an average rating of “Hold” and an average price target 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.