CenterBook Partners LP Takes Position in Fox Factory Holding Corp. $FOXF

CenterBook Partners LP bought a new stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 106,336 shares of the company’s stock, valued at approximately $1,819,000.

Several other institutional investors also recently made changes to their positions in FOXF. ArrowMark Colorado Holdings LLC grew its holdings in shares of Fox Factory by 72.9% during the third quarter. ArrowMark Colorado Holdings LLC now owns 1,239,216 shares of the company’s stock valued at $30,101,000 after purchasing an additional 522,391 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Fox Factory by 3,173.3% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 388,666 shares of the company’s stock valued at $6,650,000 after purchasing an additional 376,792 shares during the last quarter. Tenzing Global Management LLC bought a new position in shares of Fox Factory during the second quarter valued at approximately $9,079,000. BNP Paribas Financial Markets grew its holdings in shares of Fox Factory by 78.4% during the fourth quarter. BNP Paribas Financial Markets now owns 449,123 shares of the company’s stock valued at $7,684,000 after purchasing an additional 197,363 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Fox Factory during the third quarter valued at approximately $3,765,000.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FOXF. Weiss Ratings lowered Fox Factory from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 11th. Needham & Company LLC reaffirmed a “buy” rating on shares of Fox Factory in a report on Wednesday, June 3rd. Zacks Research raised Fox Factory from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 3rd. Stifel Nicolaus set a $24.00 price objective on Fox Factory in a report on Thursday, April 16th. Finally, Roth Mkm reissued a “neutral” rating and issued a $20.00 price objective on shares of Fox Factory in a report on Friday, May 8th. One equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $25.33.

Fox Factory Stock Performance

Shares of FOXF stock opened at $18.13 on Wednesday. Fox Factory Holding Corp. has a 12-month low of $13.08 and a 12-month high of $31.18. The firm has a market capitalization of $760.37 million, a price-to-earnings ratio of -2.53, a price-to-earnings-growth ratio of 0.62 and a beta of 1.37. The business has a 50 day simple moving average of $17.14 and a 200 day simple moving average of $17.42. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.99 and a quick ratio of 1.52.

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

Fox Factory Company 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.