Eukles Asset Management Increases Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Eukles Asset Management lifted its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 80.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,265 shares of the company’s stock after purchasing an additional 1,009 shares during the quarter. Eukles Asset Management’s holdings in Fox Factory were worth $53,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FOXF. RWWM Inc. increased its stake in shares of Fox Factory by 79.0% in the 1st quarter. RWWM Inc. now owns 3,576,560 shares of the company’s stock valued at $83,477,000 after purchasing an additional 1,579,029 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Fox Factory by 6,413.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,352,242 shares of the company’s stock valued at $40,932,000 after purchasing an additional 1,331,480 shares in the last quarter. Nantahala Capital Management LLC purchased a new position in shares of Fox Factory in the 4th quarter valued at about $19,252,000. William Blair Investment Management LLC increased its stake in shares of Fox Factory by 17.1% in the 4th quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company’s stock valued at $90,310,000 after purchasing an additional 434,998 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Fox Factory by 722.1% in the 4th quarter. Millennium Management LLC now owns 391,403 shares of the company’s stock valued at $11,848,000 after purchasing an additional 343,793 shares in the last quarter.

Fox Factory Price Performance

NASDAQ:FOXF opened at $28.02 on Friday. Fox Factory Holding Corp. has a 12 month low of $17.95 and a 12 month high of $54.86. The stock has a 50 day moving average of $24.86 and a two-hundred day moving average of $25.44. The company has a current ratio of 3.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.73. The firm has a market cap of $1.17 billion, a P/E ratio of -4.68 and a beta of 1.50.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $355.03 million during the quarter, compared to analyst estimates of $330.71 million. Fox Factory had a positive return on equity of 4.70% and a negative net margin of 17.64%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 earnings per share. On average, analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FOXF. Robert W. Baird cut their price target on Fox Factory from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, April 4th. Truist Financial boosted their price objective on Fox Factory from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. Finally, Stifel Nicolaus cut their price objective on Fox Factory from $40.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $36.43.

About Fox Factory

Fox Factory Holding Corp. designs, engineers, manufactures, and markets performance-defining products and system worldwide. The company offers powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks; lift kits and components with shock products and aftermarket accessory packages for trucks; and mid-end and high-end front fork and rear suspension products.