74,385 Shares of Fox Factory Holding Corp. $FOXF Bought by Villanova Investment Management Co

Key Points

• Villanova Investment Management opened a position of 74,385 Fox Factory shares, worth about $1.37 million and representing roughly 0.18% of the company.
• Fox Factory reported quarterly EPS of $0.54, beating the $0.32 consensus estimate, while revenue of $338.4 million was slightly above expectations but down 10.1% year over year.
• Analysts’ consensus rating is Hold, with an average price target of $19.60; the stock was reported trading at $16.92.

Villanova Investment Management Co bought a new position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 74,385 shares of the company's stock, valued at approximately $1,366,000. Villanova Investment Management Co owned about 0.18% of Fox Factory at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FOXF. Public Employees Retirement System of Ohio bought a new stake in shares of Fox Factory in the 2nd quarter valued at about $41,000. Quantbot Technologies LP acquired a new stake in shares of Fox Factory in the 2nd quarter valued at approximately $48,000. Versant Capital Management Inc raised its position in shares of Fox Factory by 49.8% in the 3rd quarter. Versant Capital Management Inc now owns 3,054 shares of the company's stock valued at $56,000 after acquiring an additional 1,015 shares during the period. GAMMA Investing LLC boosted its stake in Fox Factory by 62.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,802 shares of the company's stock worth $70,000 after acquiring an additional 1,456 shares during the last quarter. Finally, Byrne Asset Management LLC bought a new position in Fox Factory during the 3rd quarter worth approximately $156,000.

Fox Factory Trading Down 2.6%

NASDAQ:FOXF opened at $16.92 on Friday. Fox Factory Holding Corp. has a fifty-two week low of $13.08 and a fifty-two week high of $22.85. The company has a debt-to-equity ratio of 0.96, a current ratio of 3.10 and a quick ratio of 1.55. The stock has a market capitalization of $711.15 million, a PE ratio of -2.37, a price-to-earnings-growth ratio of 1.77 and a beta of 1.39. The business's 50-day simple moving average is $18.16 and its 200-day simple moving average is $18.10.

Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.22. The business had revenue of $338.41 million during the quarter, compared to analysts' expectations of $337.56 million. Fox Factory had a positive return on equity of 5.57% and a negative net margin of 20.39%. Fox Factory's revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 EPS. Sell-side analysts expect that Fox Factory Holding Corp. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FOXF has been the subject of a number of analyst reports. Zacks Research cut shares of Fox Factory from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 20th. Roth Capital reiterated a "neutral" rating and issued a $17.00 target price on shares of Fox Factory in a report on Monday, October 19th. B. Riley Financial reduced their price target on shares of Fox Factory from $20.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, October 19th. Weiss Ratings raised shares of Fox Factory from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, October 6th. Finally, Stifel Nicolaus set a $25.00 price target on shares of Fox Factory in a report on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $19.60.

Fox Factory Company Profile

Fox Factory Holding Corp. designs, engineers, manufactures and markets performance products for cycling, powered vehicles and other recreational applications. The company is best known for its suspension systems and components, including forks, shocks and related technologies used on mountain bikes, motorcycles, snowmobiles, trucks and side-by-side vehicles.

Through brands including FOX, Race Face, Easton Cycling, Marzocchi, Ride Concepts, Bell, Giro and CamelBak, Fox Factory offers bicycle components, wheels, drivetrain and cockpit products, cycling shoes, helmets, protective equipment, hydration products and apparel.

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