Intech Investment Management LLC Buys 36,811 Shares of Fox Factory Holding Corp. $FOXF

Intech Investment Management LLC lifted its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 158.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,081 shares of the company’s stock after acquiring an additional 36,811 shares during the period. Intech Investment Management LLC’s holdings in Fox Factory were worth $1,028,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FOXF. Royal Bank of Canada boosted its holdings in shares of Fox Factory by 82.2% in the first quarter. Royal Bank of Canada now owns 12,898 shares of the company’s stock worth $301,000 after acquiring an additional 5,820 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Fox Factory by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,142 shares of the company’s stock valued at $587,000 after buying an additional 1,103 shares during the period. Millennium Management LLC boosted its stake in Fox Factory by 18.7% during the first quarter. Millennium Management LLC now owns 464,493 shares of the company’s stock valued at $10,841,000 after buying an additional 73,090 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Fox Factory during the first quarter valued at $263,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Fox Factory by 20.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,431 shares of the company’s stock valued at $2,041,000 after buying an additional 15,021 shares during the period.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FOXF. Needham & Company LLC reissued a “buy” rating on shares of Fox Factory in a research note on Wednesday. Zacks Research raised Fox Factory from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 3rd. Stifel Nicolaus set a $24.00 price objective on Fox Factory in a research note on Thursday, April 16th. Weiss Ratings lowered Fox Factory from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 11th. Finally, Roth Mkm reissued a “neutral” rating and set a $20.00 price objective on shares of Fox Factory in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.33.

Fox Factory Price Performance

FOXF opened at $17.41 on Monday. The company has a market cap of $730.18 million, a P/E ratio of -2.43, a P/E/G ratio of 0.61 and a beta of 1.37. The business’s 50-day moving average price is $17.13 and its 200-day moving average price is $17.37. The company has a current ratio of 2.99, a quick ratio of 1.52 and a debt-to-equity ratio of 1.00. Fox Factory Holding Corp. has a 12 month low of $13.08 and a 12 month high of $31.18.

Fox Factory (NASDAQ:FOXF) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.09 by $0.09. The firm had revenue of $368.66 million for the quarter, compared to the consensus estimate of $351.76 million. Fox Factory had a positive return on equity of 5.20% and a negative net margin of 20.25%.The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 earnings per share. On average, equities analysts expect that Fox Factory Holding Corp. will post 1.41 EPS for the current year.

Fox Factory 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.