GAMMA Investing LLC Has $924,000 Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

GAMMA Investing LLC increased its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 8,164.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,585 shares of the company’s stock after acquiring an additional 39,106 shares during the period. GAMMA Investing LLC owned about 0.09% of Fox Factory worth $924,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in FOXF. Versant Capital Management Inc grew its stake in shares of Fox Factory by 142.8% in the first quarter. Versant Capital Management Inc now owns 1,372 shares of the company’s stock worth $32,000 after purchasing an additional 807 shares during the last quarter. Quarry LP acquired a new position in shares of Fox Factory during the fourth quarter valued at about $45,000. TD Waterhouse Canada Inc. purchased a new position in Fox Factory during the fourth quarter worth about $143,000. Magnetar Financial LLC purchased a new position in Fox Factory during the fourth quarter worth about $206,000. Finally, Aristides Capital LLC bought a new stake in Fox Factory in the fourth quarter worth about $206,000.

Fox Factory Stock Up 0.2%

Shares of Fox Factory stock opened at $26.10 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The company has a 50-day moving average of $23.29 and a 200 day moving average of $25.91. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 100.39, a PEG ratio of 1.45 and a beta of 1.52. Fox Factory Holding Corp. has a 1 year low of $17.95 and a 1 year high of $54.86.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $355.03 million during the quarter, compared to analyst estimates of $330.71 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. Fox Factory’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned $0.29 EPS. As a group, sell-side analysts anticipate that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

FOXF has been the topic of several research reports. Jefferies Financial Group lowered their price target on shares of Fox Factory from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Robert W. Baird decreased their price target on shares of Fox Factory from $32.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, April 4th. Stifel Nicolaus reduced their target price on shares of Fox Factory from $40.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, Truist Financial increased their price target on shares of Fox Factory from $28.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, May 14th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Fox Factory currently has an average rating of “Hold” and an average target price of $36.43.

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.