Dark Forest Capital Management LP Buys New Shares in Fox Factory Holding Corp. (NASDAQ:FOXF)

Dark Forest Capital Management LP bought a new stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,435 shares of the company’s stock, valued at approximately $255,000.

A number of other large investors also recently modified their holdings of the company. Diversify Wealth Management LLC lifted its stake in shares of Fox Factory by 10.1% during the 4th quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company’s stock valued at $207,000 after buying an additional 680 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Fox Factory by 0.9% during the 4th quarter. Swiss National Bank now owns 82,000 shares of the company’s stock valued at $2,482,000 after purchasing an additional 700 shares during the last quarter. KBC Group NV boosted its holdings in shares of 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 last quarter. MetLife Investment Management LLC boosted its holdings in shares of Fox Factory by 6.0% during the 4th quarter. MetLife Investment Management LLC now owns 25,737 shares of the company’s stock valued at $779,000 after purchasing an additional 1,454 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Fox Factory by 1.4% during the 4th quarter. Rhumbline Advisers now owns 129,275 shares of the company’s stock valued at $3,913,000 after purchasing an additional 1,790 shares during the last quarter.

Fox Factory Stock Down 2.4 %

Shares of NASDAQ:FOXF opened at $20.60 on Tuesday. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. Fox Factory Holding Corp. has a 12 month low of $17.95 and a 12 month high of $54.86. The company has a 50-day moving average price of $23.40 and a 200 day moving average price of $28.53. The company has a market cap of $859.27 million, a price-to-earnings ratio of 79.23, a PEG ratio of 1.45 and a beta of 1.56.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The firm had revenue of $352.84 million during the quarter, compared to the consensus estimate of $321.31 million. As a group, equities research analysts predict that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on FOXF. 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 report on Friday, April 4th. Stifel Nicolaus dropped their price objective 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. Jefferies Financial Group dropped their price objective on shares of Fox Factory from $45.00 to $38.00 and set a “buy” rating for the company in a report on Friday, February 28th. Finally, Truist Financial dropped their price objective 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. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.