Fox Factory Holding Corp. $FOXF Stock Position Decreased by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 10.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 489,893 shares of the company’s stock after selling 57,800 shares during the period. Renaissance Technologies LLC’s holdings in Fox Factory were worth $8,064,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Royal Bank of Canada lifted its stake in Fox Factory by 82.2% during the first quarter. Royal Bank of Canada now owns 12,898 shares of the company’s stock valued at $301,000 after buying an additional 5,820 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Fox Factory by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,142 shares of the company’s stock worth $587,000 after acquiring an additional 1,103 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Fox Factory by 18.7% during the first quarter. Millennium Management LLC now owns 464,493 shares of the company’s stock valued at $10,841,000 after acquiring an additional 73,090 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Fox Factory during the first quarter valued at approximately $263,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Fox Factory by 20.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,431 shares of the company’s stock valued at $2,041,000 after acquiring an additional 15,021 shares in the last quarter.

Fox Factory Stock Up 4.1%

FOXF stock opened at $18.73 on Tuesday. The firm has a market cap of $785.46 million, a PE ratio of -2.61, a PEG ratio of 0.70 and a beta of 1.37. Fox Factory Holding Corp. has a 1 year low of $13.08 and a 1 year high of $30.75. The company has a fifty day simple moving average of $17.94 and a 200 day simple moving average of $17.75. The company has a current ratio of 2.99, a quick ratio of 1.52 and a debt-to-equity ratio of 1.00.

Fox Factory (NASDAQ:FOXF) last posted its earnings results on Thursday, May 7th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.09 by $0.09. Fox Factory had a negative net margin of 20.25% and a positive return on equity of 5.20%. The firm had revenue of $368.66 million for the quarter, compared to the consensus estimate of $351.75 million. During the same period in the prior year, the business posted $0.23 earnings per share. The business’s quarterly revenue was up 3.8% on a year-over-year basis. Sell-side analysts anticipate that Fox Factory Holding Corp. will post 1.41 EPS for the current fiscal year.

Analysts Set New Price Targets

FOXF has been the topic of several research analyst reports. 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. Bank of America lowered Fox Factory from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $24.00 to $20.00 in a report on Tuesday, June 30th. Stifel Nicolaus set a $24.00 target price on Fox Factory in a research report on Thursday, April 16th. Needham & Company LLC reissued a “buy” rating on shares of Fox Factory in a research report on Wednesday, June 3rd. Finally, Roth Capital reissued a “neutral” rating and issued a $20.00 price objective on shares of Fox Factory in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Fox Factory presently has an average rating of “Hold” and an average price target of $23.20.

About Fox Factory

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.