Nantahala Capital Management LLC Takes Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Nantahala Capital Management LLC acquired a new stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 635,994 shares of the company's stock, valued at approximately $19,252,000. Fox Factory comprises 0.8% of Nantahala Capital Management LLC's portfolio, making the stock its 22nd biggest holding. Nantahala Capital Management LLC owned 1.53% of Fox Factory at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FOXF. William Blair Investment Management LLC boosted its stake in Fox Factory by 17.1% during the fourth quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company's stock valued at $90,310,000 after buying an additional 434,998 shares during the last quarter. RWWM Inc. boosted its stake in shares of Fox Factory by 174.0% during the fourth quarter. RWWM Inc. now owns 1,997,531 shares of the company's stock valued at $60,465,000 after purchasing an additional 1,268,460 shares during the period. The Manufacturers Life Insurance Company boosted its stake 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 purchasing an additional 1,331,480 shares during the period. Capital World Investors boosted its stake 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 purchasing an additional 240,416 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Fox Factory by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 783,667 shares of the company's stock worth $23,721,000 after acquiring an additional 44,226 shares during the period.

Fox Factory Trading Down 1.4 %

Shares of FOXF stock traded down $0.28 during mid-day trading on Wednesday, hitting $20.31. 408,423 shares of the company's stock were exchanged, compared to its average volume of 613,855. The stock has a market cap of $847.17 million, a price-to-earnings ratio of 78.12, a PEG ratio of 1.45 and a beta of 1.56. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. Fox Factory Holding Corp. has a fifty-two week low of $17.95 and a fifty-two week high of $54.86. The stock has a 50-day simple moving average of $23.17 and a two-hundred day simple moving average of $28.41.

Fox Factory (NASDAQ:FOXF - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. The company 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%. Equities analysts expect that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on FOXF. Truist Financial reduced their target price on shares of Fox Factory from $40.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th. Stifel Nicolaus lowered 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. Jefferies Financial Group cut 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 note on Friday, February 28th. Finally, Robert W. Baird dropped their price objective on shares of Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Five 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, Fox Factory currently has a consensus rating of "Hold" and an average price target of $35.00.

Fox Factory 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.