ArrowMark Colorado Holdings LLC Purchases 522,391 Shares of Fox Factory Holding Corp. $FOXF

ArrowMark Colorado Holdings LLC increased its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 72.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,239,216 shares of the company’s stock after buying an additional 522,391 shares during the quarter. ArrowMark Colorado Holdings LLC owned 2.96% of Fox Factory worth $30,101,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FOXF. Dimensional Fund Advisors LP increased its holdings in shares of Fox Factory by 9.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,075,521 shares of the company’s stock worth $26,125,000 after acquiring an additional 96,178 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Fox Factory by 2.4% during the second quarter. Geode Capital Management LLC now owns 1,039,477 shares of the company’s stock worth $26,967,000 after purchasing an additional 24,156 shares during the period. Divisadero Street Capital Management LP bought a new position in shares of Fox Factory during the 2nd quarter valued at about $21,228,000. Nantahala Capital Management LLC lifted its holdings in shares of Fox Factory by 15.9% during the 2nd quarter. Nantahala Capital Management LLC now owns 728,648 shares of the company’s stock valued at $18,901,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of Fox Factory by 3.3% in the 2nd quarter. Bank of America Corp DE now owns 486,290 shares of the company’s stock valued at $12,614,000 after purchasing an additional 15,417 shares during the period.

Fox Factory Stock Performance

Shares of FOXF stock opened at $15.50 on Friday. Fox Factory Holding Corp. has a 12 month low of $13.08 and a 12 month high of $31.18. The company’s fifty day simple moving average is $18.48 and its 200-day simple moving average is $20.22. The firm has a market cap of $647.90 million, a PE ratio of -1.19 and a beta of 1.50. The company has a quick ratio of 1.37, a current ratio of 2.86 and a debt-to-equity ratio of 0.96.

Fox Factory (NASDAQ:FOXF) last released its earnings results on Thursday, February 26th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. Fox Factory had a negative net margin of 37.11% and a positive return on equity of 5.06%. The business had revenue of $361.07 million during the quarter, compared to the consensus estimate of $353.88 million. During the same quarter last year, the firm earned $0.31 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts expect that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on FOXF shares. Weiss Ratings reissued a “sell (d)” rating on shares of Fox Factory in a research note on Thursday, January 22nd. Zacks Research upgraded shares of Fox Factory from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. CJS Securities raised shares of Fox Factory to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Roth Mkm lowered their target price on Fox Factory from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $28.60.

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.