Tudor Investment Corp ET AL Sells 137,969 Shares of Fox Factory Holding Corp. $FOXF

Tudor Investment Corp ET AL reduced its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 68.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,885 shares of the company’s stock after selling 137,969 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.16% of Fox Factory worth $1,576,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Royal Bank of Canada raised its holdings in Fox Factory by 82.2% in the first quarter. Royal Bank of Canada now owns 12,898 shares of the company’s stock worth $301,000 after purchasing an additional 5,820 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Fox Factory by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,142 shares of the company’s stock worth $587,000 after acquiring an additional 1,103 shares in the last quarter. Millennium Management LLC increased its stake in shares of Fox Factory by 18.7% in the 1st quarter. Millennium Management LLC now owns 464,493 shares of the company’s stock worth $10,841,000 after acquiring an additional 73,090 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Fox Factory during the 1st quarter valued at about $263,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Fox Factory by 20.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,431 shares of the company’s stock valued at $2,041,000 after acquiring an additional 15,021 shares during the period.

Fox Factory Price Performance

Shares of Fox Factory stock opened at $16.86 on Monday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.37 and a current ratio of 2.86. The stock has a market capitalization of $706.94 million, a PE ratio of -1.29 and a beta of 1.50. Fox Factory Holding Corp. has a 52-week low of $13.08 and a 52-week high of $31.18. The company has a 50-day simple moving average of $18.10 and a two-hundred day simple moving average of $19.31.

Fox Factory (NASDAQ:FOXF) last issued its earnings results on Thursday, February 26th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.06. The firm had revenue of $361.07 million for the quarter, compared to the consensus estimate of $353.88 million. Fox Factory had a negative net margin of 37.11% and a positive return on equity of 5.06%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 earnings per share. On average, analysts anticipate that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Fox Factory

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.