BNP Paribas Financial Markets Buys 197,363 Shares of Fox Factory Holding Corp. $FOXF

BNP Paribas Financial Markets grew its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 78.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 449,123 shares of the company’s stock after acquiring an additional 197,363 shares during the period. BNP Paribas Financial Markets owned 1.07% of Fox Factory worth $7,684,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Western Standard LLC bought a new position in shares of Fox Factory in the fourth quarter worth about $2,053,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of Fox Factory by 3,173.3% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 388,666 shares of the company’s stock worth $6,650,000 after acquiring an additional 376,792 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its position in shares of Fox Factory by 72.9% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,239,216 shares of the company’s stock worth $30,101,000 after buying an additional 522,391 shares during the period. B. Metzler seel. Sohn & Co. AG grew 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 worth $2,133,000 after buying an additional 68,941 shares during the period. Finally, Segall Bryant & Hamill LLC grew its position in shares of Fox Factory by 37.5% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 119,552 shares of the company’s stock worth $2,904,000 after buying an additional 32,636 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Zacks Research upgraded shares of Fox Factory from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 3rd. Roth Mkm reiterated a “neutral” rating and set a $20.00 price target on shares of Fox Factory in a research report on Friday, May 8th. Needham & Company LLC reiterated a “buy” rating on shares of Fox Factory in a research report on Wednesday, June 3rd. Weiss Ratings cut shares of Fox Factory from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 11th. Finally, Stifel Nicolaus set a $24.00 price target on shares of Fox Factory in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.33.

Fox Factory Stock Up 2.7%

Shares of NASDAQ:FOXF opened at $18.13 on Wednesday. The stock has a market cap of $760.37 million, a price-to-earnings ratio of -2.53, a P/E/G ratio of 0.62 and a beta of 1.37. The company has a 50 day moving average of $17.14 and a 200-day moving average of $17.42. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.99 and a quick ratio of 1.52. Fox Factory Holding Corp. has a one year low of $13.08 and a one year high of $31.18.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.09. The firm had revenue of $368.66 million during the quarter, compared to analysts’ expectations of $351.76 million. Fox Factory had a negative net margin of 20.25% and a positive return on equity of 5.20%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.23 earnings per share. On average, sell-side analysts forecast that Fox Factory Holding Corp. will post 1.41 earnings per share for the current 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.