Fox Factory Holding Corp. $FOXF Shares Acquired by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG increased its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 365.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,825 shares of the company’s stock after purchasing an additional 68,941 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned 0.21% of Fox Factory worth $2,133,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

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

Fox Factory Stock Performance

Shares of FOXF opened at $16.35 on Wednesday. The company has a market capitalization of $683.45 million, a price-to-earnings ratio of -1.25 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 quick ratio of 1.37, a current ratio of 2.86 and a debt-to-equity ratio of 0.96. The stock has a 50 day moving average price of $18.57 and a 200 day moving average price of $20.45.

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

Fox Factory 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.