B. Metzler seel. Sohn & Co. AG Has $305,000 Holdings in Fox Factory Holding Corp. $FOXF

Key Points

• B. Metzler seel. Sohn & Co. AG cut its stake by 79.7%, selling 70,004 shares and leaving 17,821 shares in Fox Factory worth about $305,000 as of the latest 13F filing.
• Fox Factory beat quarterly estimates with $0.20 EPS (vs. $0.14 expected) and $361.1M revenue, but the company still shows a negative net margin of −37.11% and the stock was down about 3.1% (market cap ~$719M).
• Analysts are mixed but consensus is a "Hold" rating with a $27.25 average target, amid recent downgrades and target cuts from firms like Roth and Weiss.

B. Metzler seel. Sohn & Co. AG cut its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 79.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,821 shares of the company's stock after selling 70,004 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Fox Factory were worth $305,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. KLP Kapitalforvaltning AS grew its stake in shares of Fox Factory by 9.2% during the third quarter. KLP Kapitalforvaltning AS now owns 8,300 shares of the company's stock worth $202,000 after purchasing an additional 700 shares during the period. Russell Investments Group Ltd. grew its stake in Fox Factory by 12.3% in the second quarter. Russell Investments Group Ltd. now owns 7,818 shares of the company's stock valued at $203,000 after acquiring an additional 858 shares during the period. Federated Hermes Inc. acquired a new position in Fox Factory in the third quarter valued at about $25,000. Creative Planning grew its stake in Fox Factory by 11.6% in the third quarter. Creative Planning now owns 9,971 shares of the company's stock valued at $242,000 after acquiring an additional 1,040 shares during the period. Finally, First Horizon Corp acquired a new position in Fox Factory in the third quarter valued at about $25,000.

Analyst Ratings Changes

FOXF has been the subject of a number of research analyst reports. Roth Mkm decreased their target price on Fox Factory from $21.00 to $19.00 and set a "neutral" rating for the company in a research note on Tuesday, January 6th. Weiss Ratings reissued a "sell (d)" rating on shares of Fox Factory in a research note on Thursday, January 22nd. Stifel Nicolaus set a $24.00 target price on Fox Factory in a research note on Thursday, April 16th. Finally, Zacks Research raised Fox Factory from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $27.25.

Fox Factory Stock Down 3.1%

NASDAQ:FOXF opened at $17.15 on Tuesday. The stock has a market cap of $719.10 million, a price-to-earnings ratio of -1.32 and a beta of 1.46. The stock has a 50-day moving average price of $17.20 and a two-hundred day moving average price of $18.06. Fox Factory Holding Corp. has a 1 year low of $13.08 and a 1 year high of $31.18. The company has a current ratio of 2.86, a quick ratio of 1.37 and a debt-to-equity ratio of 0.96.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.06. The company had revenue of $361.07 million for the quarter, compared to analyst estimates of $353.88 million. Fox Factory had a positive return on equity of 5.06% and a negative net margin of 37.11%.The company's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 earnings per share. As a group, equities analysts expect that Fox Factory Holding Corp. will post 1.44 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.