Twinbeech Capital LP Takes $479,000 Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Twinbeech Capital LP bought a new stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,819 shares of the company's stock, valued at approximately $479,000.

A number of other hedge funds have also added to or reduced their stakes in FOXF. The Manufacturers Life Insurance Company grew its holdings in Fox Factory by 6,413.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,352,242 shares of the company's stock valued at $40,932,000 after buying an additional 1,331,480 shares in the last quarter. RWWM Inc. grew its holdings in Fox Factory by 174.0% during the 4th quarter. RWWM Inc. now owns 1,997,531 shares of the company's stock valued at $60,465,000 after buying an additional 1,268,460 shares in the last quarter. Nantahala Capital Management LLC purchased a new position in Fox Factory during the 4th quarter valued at about $19,252,000. William Blair Investment Management LLC grew its holdings in Fox Factory by 17.1% during the 4th quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company's stock valued at $90,310,000 after buying an additional 434,998 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Fox Factory by 722.1% during the 4th quarter. Millennium Management LLC now owns 391,403 shares of the company's stock valued at $11,848,000 after buying an additional 343,793 shares in the last quarter.

Fox Factory Trading Down 0.1%

Fox Factory stock traded down $0.02 during trading hours on Wednesday, reaching $24.97. The company had a trading volume of 82,350 shares, compared to its average volume of 616,167. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The company has a 50-day moving average price of $22.39 and a 200 day moving average price of $26.57. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 95.92, a P/E/G ratio of 1.45 and a beta of 1.54. Fox Factory Holding Corp. has a 12-month low of $17.95 and a 12-month high of $54.86.

Fox Factory (NASDAQ:FOXF - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. The business had revenue of $355.03 million for the quarter, compared to analysts' expectations of $330.71 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The business's quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. Equities analysts forecast that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Truist Financial lifted their price target on Fox Factory from $28.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Jefferies Financial Group dropped their price target on Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Stifel Nicolaus dropped their price target on Fox Factory from $40.00 to $34.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Robert W. Baird dropped their price target on Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $36.43.

Fox Factory Company Profile

Fox Factory Holding Corp. designs, engineers, manufactures, and markets performance-defining products and system worldwide. The company offers powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks; lift kits and components with shock products and aftermarket accessory packages for trucks; and mid-end and high-end front fork and rear suspension products.