Assenagon Asset Management S.A. Sells 113,853 Shares of Fox Factory Holding Corp. $FOXF

Assenagon Asset Management S.A. trimmed its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 65.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,827 shares of the company’s stock after selling 113,853 shares during the quarter. Assenagon Asset Management S.A. owned 0.15% of Fox Factory worth $1,041,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. WCM Investment Management LLC purchased a new position in shares of Fox Factory in the 3rd quarter worth approximately $10,565,000. B. Metzler seel. Sohn & Co. AG increased its position in shares of Fox Factory by 365.1% during the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 87,825 shares of the company’s stock valued at $2,133,000 after purchasing an additional 68,941 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in Fox Factory by 72.9% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,239,216 shares of the company’s stock valued at $30,101,000 after buying an additional 522,391 shares during the period. Capital Fund Management S.A. purchased a new position in Fox Factory during the second quarter worth $1,172,000. Finally, Divisadero Street Capital Management LP bought a new position in Fox Factory during the second quarter valued at $21,228,000.

Analysts Set New Price Targets

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

Fox Factory Stock Down 0.4%

Shares of NASDAQ FOXF opened at $16.46 on Wednesday. The stock has a 50 day moving average price of $17.99 and a 200 day moving average price of $19.15. The firm has a market capitalization of $690.22 million, a price-to-earnings ratio of -1.26 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 debt-to-equity ratio of 0.96, a quick ratio of 1.37 and a current ratio of 2.86.

Fox Factory (NASDAQ:FOXF) last issued 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 positive return on equity of 5.06% and a negative net margin of 37.11%.The business had revenue of $361.07 million during the quarter, compared to analyst estimates of $353.88 million. During the same period in the previous year, the company posted $0.31 EPS. Fox Factory’s revenue was up 2.3% on a year-over-year basis. Sell-side analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share 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.