Estuary Capital Management LP Has $29.88 Million Stock Holdings in Fox Factory Holding Corp. $FOXF

Estuary Capital Management LP boosted its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 15.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,815,271 shares of the company’s stock after purchasing an additional 240,512 shares during the period. Fox Factory comprises 5.0% of Estuary Capital Management LP’s portfolio, making the stock its 12th biggest holding. Estuary Capital Management LP’s holdings in Fox Factory were worth $29,879,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Nantahala Capital Management LLC raised its holdings in shares of Fox Factory by 200.3% in the 4th quarter. Nantahala Capital Management LLC now owns 2,188,300 shares of the company’s stock worth $37,442,000 after buying an additional 1,459,652 shares in the last quarter. Engine Capital Management LP acquired a new stake in Fox Factory in the 4th quarter valued at $13,216,000. Towle & Co. acquired a new stake in Fox Factory in the 4th quarter valued at $8,967,000. Renaissance Technologies LLC grew its position in Fox Factory by 294.3% in the fourth quarter. Renaissance Technologies LLC now owns 547,693 shares of the company’s stock valued at $9,371,000 after acquiring an additional 408,800 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its position in Fox Factory by 3,173.3% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 388,666 shares of the company’s stock valued at $6,650,000 after acquiring an additional 376,792 shares during the period.

Fox Factory Trading Up 0.3%

Shares of FOXF opened at $18.57 on Tuesday. The stock has a fifty day moving average price of $17.71 and a two-hundred day moving average price of $17.75. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.52 and a current ratio of 2.99. Fox Factory Holding Corp. has a 52-week low of $13.08 and a 52-week high of $31.18. The company has a market cap of $778.83 million, a price-to-earnings ratio of -2.59, a PEG ratio of 0.72 and a beta of 1.37.

Fox Factory (NASDAQ:FOXF) last posted 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 analyst estimates of $351.75 million. Fox Factory had a positive return on equity of 5.20% and a negative net margin of 20.25%.The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 earnings per share. Analysts predict that Fox Factory Holding Corp. will post 1.41 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on FOXF shares. Zacks Research raised Fox Factory from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 3rd. Fox Advisors set a $20.00 target price on shares of Fox Factory in a report on Tuesday, June 30th. Stifel Nicolaus set a $24.00 target price on shares of Fox Factory in a research report on Thursday, April 16th. Roth Capital reissued a “neutral” rating and set a $20.00 price target on shares of Fox Factory in a report on Friday, May 8th. Finally, Needham & Company LLC restated a “buy” rating on shares of Fox Factory in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $23.20.

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.