GSA Capital Partners LLP Has $1.40 Million Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

GSA Capital Partners LLP lifted its stake in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 50.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,792 shares of the company's stock after purchasing an additional 19,985 shares during the quarter. GSA Capital Partners LLP owned 0.14% of Fox Factory worth $1,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FOXF. CWM LLC boosted its stake in Fox Factory by 76.2% during the first quarter. CWM LLC now owns 1,341 shares of the company's stock worth $31,000 after buying an additional 580 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Fox Factory by 142.8% in the first quarter. Versant Capital Management Inc now owns 1,372 shares of the company's stock valued at $32,000 after buying an additional 807 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Fox Factory by 254.1% in the first quarter. GAMMA Investing LLC now owns 1,696 shares of the company's stock valued at $40,000 after buying an additional 1,217 shares during the last quarter. Quarry LP bought a new position in shares of Fox Factory in the fourth quarter valued at about $45,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of Fox Factory by 113.8% in the first quarter. First Horizon Advisors Inc. now owns 1,950 shares of the company's stock valued at $46,000 after buying an additional 1,038 shares during the last quarter.

Fox Factory Stock Performance

Shares of FOXF stock traded down $1.06 on Friday, reaching $29.31. The stock had a trading volume of 977,567 shares, compared to its average volume of 609,392. Fox Factory Holding Corp. has a 12 month low of $17.95 and a 12 month high of $45.85. The firm's 50-day moving average is $26.85 and its two-hundred day moving average is $25.31. The company has a quick ratio of 1.36, a current ratio of 3.18 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -4.89 and a beta of 1.50.

Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. Fox Factory had a positive return on equity of 4.70% and a negative net margin of 17.64%. The business had revenue of $355.03 million for the quarter, compared to analysts' expectations of $330.71 million. During the same quarter in the prior year, the business earned $0.29 EPS. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. On average, research analysts expect that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

Analysts Set New Price Targets

FOXF has been the subject of several recent research reports. Robert W. Baird dropped their price objective on Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a report on Friday, April 4th. Truist Financial boosted their target price on Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, Stifel Nicolaus decreased their target price 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. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average 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.