635,994 Shares in Fox Factory Holding Corp. (NASDAQ:FOXF) Bought by Nantahala Capital Management LLC

Nantahala Capital Management LLC purchased a new stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 635,994 shares of the company's stock, valued at approximately $19,252,000. Fox Factory makes up about 0.8% of Nantahala Capital Management LLC's portfolio, making the stock its 22nd largest position. Nantahala Capital Management LLC owned about 1.53% of Fox Factory at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP bought a new position in shares of Fox Factory during the 4th quarter worth $45,000. KBC Group NV increased its position in Fox Factory by 80.4% during the 4th quarter. KBC Group NV now owns 2,484 shares of the company's stock valued at $75,000 after purchasing an additional 1,107 shares during the period. TD Waterhouse Canada Inc. purchased a new position in Fox Factory during the 4th quarter valued at about $143,000. Magnetar Financial LLC purchased a new stake in shares of Fox Factory in the 4th quarter worth approximately $206,000. Finally, Aristides Capital LLC purchased a new position in Fox Factory during the fourth quarter valued at approximately $206,000.

Fox Factory Stock Performance

Shares of NASDAQ:FOXF traded up $0.50 during midday trading on Friday, reaching $21.16. The company's stock had a trading volume of 485,575 shares, compared to its average volume of 609,610. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average of $22.96 and a 200 day moving average of $28.16. Fox Factory Holding Corp. has a twelve month low of $17.95 and a twelve month high of $54.86. The firm has a market capitalization of $882.63 million, a PE ratio of 81.39, a P/E/G ratio of 1.45 and a beta of 1.56.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. The firm had revenue of $352.84 million for the quarter, compared to the consensus estimate of $321.31 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. On average, equities analysts expect that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FOXF has been the topic of a number of analyst reports. Robert W. Baird cut their price target on Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. Stifel Nicolaus reduced their target price on shares of Fox Factory from $40.00 to $34.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Truist Financial decreased their price target on shares of Fox Factory from $40.00 to $24.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Jefferies Financial Group decreased their target price on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $35.00.

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.