GAMMA Investing LLC Raises Stake in Fox Factory Holding Corp. (NASDAQ:FOXF)

GAMMA Investing LLC increased its stake in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 8,164.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,585 shares of the company's stock after buying an additional 39,106 shares during the period. GAMMA Investing LLC owned 0.09% of Fox Factory worth $924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. William Blair Investment Management LLC grew its position 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 purchasing an additional 434,998 shares during the last quarter. RWWM Inc. lifted its stake in shares of Fox Factory by 174.0% in the fourth quarter. RWWM Inc. now owns 1,997,531 shares of the company's stock worth $60,465,000 after buying an additional 1,268,460 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Fox Factory by 6,413.1% during the fourth 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 during the last quarter. Capital World Investors grew its holdings in shares of Fox Factory by 21.8% during the fourth quarter. Capital World Investors now owns 1,341,155 shares of the company's stock valued at $40,597,000 after buying an additional 240,416 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC increased its position in shares of Fox Factory by 10.9% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,028,062 shares of the company's stock valued at $31,119,000 after acquiring an additional 101,056 shares in the last quarter.

Fox Factory Stock Performance

Shares of FOXF stock traded down $0.33 on Friday, reaching $24.39. The stock had a trading volume of 262,589 shares, compared to its average volume of 625,460. The stock has a market cap of $1.02 billion, a P/E ratio of -4.07 and a beta of 1.52. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.36 and a current ratio of 3.18. Fox Factory Holding Corp. has a 1 year low of $17.95 and a 1 year high of $54.86. The company has a 50 day simple moving average of $23.50 and a 200 day simple moving average of $25.83.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate 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 negative net margin of 17.64% and a positive return on equity of 4.70%. The company's revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 EPS. Equities research analysts expect that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FOXF shares. Jefferies Financial Group lowered their price objective on Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Truist Financial upped their price target on Fox Factory from $28.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Stifel Nicolaus dropped their price objective on Fox Factory from $40.00 to $34.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Robert W. Baird decreased their target price 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus 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.