Seven Eight Capital LP Takes Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Seven Eight Capital LP bought a new stake in Fox Factory Holding Corp. (NASDAQ:FOXFFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,421 shares of the company’s stock, valued at approximately $906,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in shares of Fox Factory in the fourth quarter valued at about $29,000. Quest Partners LLC purchased a new stake in shares of Fox Factory in the fourth quarter valued at about $31,000. Operose Advisors LLC bought a new position in Fox Factory during the third quarter valued at about $37,000. CWM LLC raised its position in Fox Factory by 54.1% in the fourth quarter. CWM LLC now owns 624 shares of the company’s stock worth $42,000 after acquiring an additional 219 shares during the period. Finally, TFO Wealth Partners LLC raised its position in Fox Factory by 14,180.0% in the fourth quarter. TFO Wealth Partners LLC now owns 714 shares of the company’s stock worth $48,000 after acquiring an additional 709 shares during the period.

Wall Street Analysts Forecast Growth

FOXF has been the topic of several research reports. Stifel Nicolaus lowered their price objective on shares of Fox Factory from $56.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, April 24th. Truist Financial lowered their price objective on shares of Fox Factory from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Robert W. Baird lowered their price objective on shares of Fox Factory from $55.00 to $48.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Bank of America lowered their price objective on shares of Fox Factory from $55.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. Finally, Roth Mkm lowered their price objective on shares of Fox Factory from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $46.83.

Check Out Our Latest Analysis on FOXF

Fox Factory Price Performance

FOXF opened at $44.59 on Monday. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 1.89 and a beta of 1.71. The company has a quick ratio of 1.85, a current ratio of 3.43 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average price of $44.43 and a 200-day moving average price of $55.03. Fox Factory Holding Corp. has a twelve month low of $37.98 and a twelve month high of $117.68.

Fox Factory (NASDAQ:FOXFGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.19 by $0.10. The company had revenue of $333.50 million during the quarter, compared to analysts’ expectations of $327.58 million. Fox Factory had a net margin of 5.41% and a return on equity of 10.56%. Fox Factory’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.20 earnings per share. Equities analysts expect that Fox Factory Holding Corp. will post 2.4 EPS for the current year.

About Fox Factory

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Fox Factory (NASDAQ:FOXF)

Receive News & Ratings for Fox Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fox Factory and related companies with MarketBeat.com's FREE daily email newsletter.