Advantage Alpha Capital Partners LP Has $2.16 Million Stock Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Advantage Alpha Capital Partners LP cut its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 46.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,140 shares of the company’s stock after selling 45,362 shares during the period. Advantage Alpha Capital Partners LP owned approximately 0.13% of Fox Factory worth $2,164,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FOXF. GAMMA Investing LLC raised its position in shares of Fox Factory by 86.0% in the 3rd quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock valued at $25,000 after acquiring an additional 277 shares during the period. Signaturefd LLC boosted its position in shares of Fox Factory by 301.1% during the third quarter. Signaturefd LLC now owns 726 shares of the company’s stock worth $30,000 after purchasing an additional 545 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Fox Factory in the 3rd quarter valued at $42,000. KBC Group NV raised its stake in Fox Factory by 36.5% during the 3rd quarter. KBC Group NV now owns 1,377 shares of the company’s stock worth $57,000 after buying an additional 368 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in Fox Factory by 26.5% during the second quarter. Fifth Third Bancorp now owns 1,245 shares of the company’s stock worth $60,000 after acquiring an additional 261 shares in the last quarter.

Fox Factory Trading Up 3.0 %

Shares of NASDAQ:FOXF opened at $33.39 on Tuesday. The stock has a market capitalization of $1.39 billion, a PE ratio of 128.42, a price-to-earnings-growth ratio of 2.64 and a beta of 1.65. The company’s 50-day moving average price is $37.79 and its two-hundred day moving average price is $42.45. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. Fox Factory Holding Corp. has a one year low of $30.92 and a one year high of $70.13.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.07). Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The company had revenue of $359.10 million for the quarter, compared to analyst estimates of $366.86 million. During the same period last year, the company posted $1.05 earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, equities analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FOXF has been the topic of a number of research analyst reports. Roth Mkm dropped their price target on Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Bank of America cut their price target on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Robert W. Baird lowered their price objective on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Truist Financial cut their price objective on shares of Fox Factory from $54.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, B. Riley lowered their target price on Fox Factory from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $41.50.

Fox Factory Company Profile

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.