Fox Factory Holding Corp. $FOXF Holdings Lifted by Angeles Wealth Management LLC

Angeles Wealth Management LLC raised its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 27.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 120,316 shares of the company’s stock after purchasing an additional 25,682 shares during the quarter. Angeles Wealth Management LLC owned about 0.29% of Fox Factory worth $1,980,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Nantahala Capital Management LLC increased its position in Fox Factory by 200.3% in the 4th quarter. Nantahala Capital Management LLC now owns 2,188,300 shares of the company’s stock valued at $37,442,000 after acquiring an additional 1,459,652 shares during the period. Engine Capital Management LP acquired a new position in Fox Factory during the 4th quarter worth $13,216,000. Towle & Co. bought a new position in shares of Fox Factory in the fourth quarter worth $8,967,000. Renaissance Technologies LLC grew its stake in shares of Fox Factory by 294.3% in the fourth quarter. Renaissance Technologies LLC now owns 547,693 shares of the company’s stock worth $9,371,000 after purchasing an additional 408,800 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of Fox Factory by 3,173.3% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 388,666 shares of the company’s stock valued at $6,650,000 after purchasing an additional 376,792 shares during the period.

Analysts Set New Price Targets

A number of analysts have commented on FOXF shares. Fox Advisors set a $20.00 price target on shares of Fox Factory in a research report on Tuesday, June 30th. Needham & Company LLC reiterated a “buy” rating on shares of Fox Factory in a report on Wednesday, June 3rd. Roth Capital reiterated a “neutral” rating and set a $20.00 price objective on shares of Fox Factory in a research note on Friday, May 8th. Weiss Ratings cut Fox Factory from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 11th. Finally, Stifel Nicolaus set a $24.00 target price on 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 two have assigned a Sell rating to the stock. According to MarketBeat, Fox Factory presently has a consensus rating of “Hold” and a consensus price target of $23.20.

Fox Factory Price Performance

Shares of NASDAQ FOXF opened at $19.53 on Friday. Fox Factory Holding Corp. has a twelve month low of $13.08 and a twelve month high of $31.18. The company has a current ratio of 2.99, a quick ratio of 1.52 and a debt-to-equity ratio of 1.00. The firm has a 50-day moving average of $17.46 and a two-hundred day moving average of $17.70. The company has a market capitalization of $819.09 million, a price-to-earnings ratio of -2.72, a PEG ratio of 0.70 and a beta of 1.37.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.09. The company had revenue of $368.66 million for the quarter, compared to analysts’ expectations of $351.75 million. Fox Factory had a negative net margin of 20.25% and a positive return on equity of 5.20%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. As a group, analysts expect that Fox Factory Holding Corp. will post 1.41 earnings per share 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.