Fox Factory Holding Corp. $FOXF Shares Newly Acquired by Villanova Investment Management Co

Villanova Investment Management Co acquired a new position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 74,385 shares of the company’s stock, valued at approximately $1,366,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Pullen Investment Management LLC raised its position in Fox Factory by 0.7% in the 3rd quarter. Pullen Investment Management LLC now owns 137,422 shares of the company’s stock valued at $2,524,000 after buying an additional 900 shares during the last quarter. GAMMA Investing LLC boosted its position in Fox Factory by 62.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,802 shares of the company’s stock worth $70,000 after acquiring an additional 1,456 shares during the last quarter. Byrne Asset Management LLC acquired a new position in Fox Factory during the 3rd quarter worth approximately $156,000. Versant Capital Management Inc grew its stake in shares of Fox Factory by 49.8% during the 3rd quarter. Versant Capital Management Inc now owns 3,054 shares of the company’s stock worth $56,000 after acquiring an additional 1,015 shares in the last quarter. Finally, Corient Private Wealth LP grew its stake in shares of Fox Factory by 11.1% during the 2nd quarter. Corient Private Wealth LP now owns 119,632 shares of the company’s stock worth $2,027,000 after acquiring an additional 11,921 shares in the last quarter.

Wall Street Analysts Forecast Growth

FOXF has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Fox Factory from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 6th. Roth Capital reissued a “neutral” rating and issued a $17.00 price objective on shares of Fox Factory in a research report on Monday, October 19th. B. Riley Financial reduced their target price on shares of Fox Factory from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, October 19th. Zacks Research downgraded shares of Fox Factory from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Finally, Stifel Nicolaus set a $25.00 target price on shares of Fox Factory in a research report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Fox Factory has an average rating of “Hold” and an average price target of $19.60.

Fox Factory Price Performance

NASDAQ:FOXF opened at $16.92 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.55 and a current ratio of 3.10. The stock’s 50-day simple moving average is $18.16 and its 200 day simple moving average is $18.10. The company has a market cap of $711.15 million, a P/E ratio of -2.37, a P/E/G ratio of 1.77 and a beta of 1.39. Fox Factory Holding Corp. has a 52-week low of $13.08 and a 52-week high of $22.85.

Fox Factory (NASDAQ:FOXF) last released its earnings results on Thursday, November 5th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.22. The business had revenue of $338.41 million for the quarter, compared to analyst estimates of $337.56 million. Fox Factory had a positive return on equity of 5.57% and a negative net margin of 20.39%. Fox Factory’s revenue was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 earnings per share. As a group, sell-side analysts forecast that Fox Factory Holding Corp. will post 1.01 EPS for the current fiscal year.

Fox Factory Company Profile

Fox Factory Holding Corp. designs, engineers, manufactures and markets performance products for cycling, powered vehicles and other recreational applications. The company is best known for its suspension systems and components, including forks, shocks and related technologies used on mountain bikes, motorcycles, snowmobiles, trucks and side-by-side vehicles.

Through brands including FOX, Race Face, Easton Cycling, Marzocchi, Ride Concepts, Bell, Giro and CamelBak, Fox Factory offers bicycle components, wheels, drivetrain and cockpit products, cycling shoes, helmets, protective equipment, hydration products and apparel.