BNP Paribas Financial Markets Has $7.68 Million Position in Fox Factory Holding Corp. $FOXF

BNP Paribas Financial Markets boosted its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 78.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 449,123 shares of the company’s stock after purchasing an additional 197,363 shares during the quarter. BNP Paribas Financial Markets’ holdings in Fox Factory were worth $7,684,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. acquired a new position in Fox Factory during the third quarter valued at approximately $25,000. Hantz Financial Services Inc. grew its holdings in Fox Factory by 188.1% during the fourth quarter. Hantz Financial Services Inc. now owns 2,057 shares of the company’s stock valued at $35,000 after purchasing an additional 1,343 shares during the period. Farther Finance Advisors LLC lifted its stake in Fox Factory by 108.3% in the fourth quarter. Farther Finance Advisors LLC now owns 2,075 shares of the company’s stock valued at $36,000 after buying an additional 1,079 shares in the last quarter. Covestor Ltd lifted its stake in Fox Factory by 693.3% in the fourth quarter. Covestor Ltd now owns 2,943 shares of the company’s stock valued at $50,000 after buying an additional 2,572 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. lifted its stake in Fox Factory by 33.3% in the fourth quarter. Resona Asset Management Co. Ltd. now owns 4,142 shares of the company’s stock valued at $73,000 after buying an additional 1,035 shares in the last quarter.

Fox Factory Stock Performance

Shares of FOXF opened at $18.13 on Wednesday. The firm’s 50 day moving average price is $17.14 and its two-hundred day moving average price is $17.42. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.52 and a current ratio of 2.99. The firm has a market cap of $760.37 million, a P/E ratio of -2.53, a PEG ratio of 0.62 and a beta of 1.37. Fox Factory Holding Corp. has a twelve month low of $13.08 and a twelve month high of $31.18.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FOXF. Roth Mkm reaffirmed a “neutral” rating and issued a $20.00 price target on shares of Fox Factory in a research note on Friday, May 8th. Needham & Company LLC reaffirmed a “buy” rating on shares of Fox Factory in a research note on Wednesday, June 3rd. Zacks Research raised shares of Fox Factory from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 3rd. Stifel Nicolaus set a $24.00 price target on shares of Fox Factory in a research note on Thursday, April 16th. Finally, Weiss Ratings lowered shares of Fox Factory from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $25.33.

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.