RBF Capital LLC Buys New Position in Fox Factory Holding Corp. $FOXF

RBF Capital LLC bought a new stake in Fox Factory Holding Corp. (NASDAQ:FOXF) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 114,688 shares of the company’s stock, valued at approximately $1,962,000. RBF Capital LLC owned 0.27% of Fox Factory as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. boosted its position in shares of Fox Factory by 188.1% in the 4th quarter. Hantz Financial Services Inc. now owns 2,057 shares of the company’s stock valued at $35,000 after purchasing an additional 1,343 shares during the period. Farther Finance Advisors LLC raised its stake in Fox Factory by 108.3% during the 4th quarter. Farther Finance Advisors LLC now owns 2,075 shares of the company’s stock valued at $36,000 after acquiring an additional 1,079 shares during the last quarter. Covestor Ltd raised its stake in Fox Factory by 693.3% during the 4th quarter. Covestor Ltd now owns 2,943 shares of the company’s stock valued at $50,000 after acquiring an additional 2,572 shares during the last quarter. Resona Asset Management Co. Ltd. raised its stake in Fox Factory by 33.3% during the 4th quarter. Resona Asset Management Co. Ltd. now owns 4,142 shares of the company’s stock valued at $73,000 after acquiring an additional 1,035 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Fox Factory by 23.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,365 shares of the company’s stock valued at $179,000 after acquiring an additional 1,415 shares during the last quarter.

Fox Factory Stock Performance

NASDAQ FOXF opened at $18.14 on Wednesday. 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 $760.79 million, a P/E ratio of -2.53, a PEG ratio of 0.63 and a beta of 1.37. The business has a 50 day moving average price of $17.28 and a 200 day moving average price of $17.56. 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 released its quarterly earnings data on Thursday, May 7th. The company reported $0.18 earnings per share for the quarter, beating 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 last year, the business posted $0.23 EPS. Fox Factory’s quarterly revenue was up 3.8% on a year-over-year basis. Sell-side analysts expect that Fox Factory Holding Corp. will post 1.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.