CVA Family Office LLC Buys New Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

CVA Family Office LLC bought a new stake in Fox Factory Holding Corp. (NASDAQ:FOXF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 820 shares of the company’s stock, valued at approximately $55,000.

Other hedge funds have also bought and sold shares of the company. Covestor Ltd lifted its stake in Fox Factory by 58.4% in the 1st quarter. Covestor Ltd now owns 358 shares of the company’s stock valued at $35,000 after purchasing an additional 132 shares during the last quarter. Operose Advisors LLC acquired a new stake in Fox Factory during the third quarter worth approximately $37,000. Assetmark Inc. lifted its position in Fox Factory by 171.4% during the third quarter. Assetmark Inc. now owns 380 shares of the company’s stock worth $38,000 after acquiring an additional 240 shares during the last quarter. Huntington National Bank lifted its position in Fox Factory by 45.7% during the second quarter. Huntington National Bank now owns 523 shares of the company’s stock worth $57,000 after acquiring an additional 164 shares during the last quarter. Finally, Pinebridge Investments L.P. acquired a new stake in Fox Factory during the second quarter worth approximately $63,000.

Fox Factory Price Performance

Shares of NASDAQ:FOXF opened at $50.19 on Thursday. The firm has a market cap of $2.11 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 4.16 and a beta of 1.64. The firm’s fifty day moving average is $57.72 and its 200-day moving average is $69.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.91 and a current ratio of 3.70. Fox Factory Holding Corp. has a 52 week low of $44.10 and a 52 week high of $125.08.

Fox Factory (NASDAQ:FOXF) last released its earnings results on Thursday, February 22nd. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.34). The firm had revenue of $332.50 million during the quarter, compared to analyst estimates of $327.07 million. Fox Factory had a net margin of 8.25% and a return on equity of 13.86%. Fox Factory’s quarterly revenue was down 18.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.43 EPS. Sell-side analysts predict that Fox Factory Holding Corp. will post 2.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

FOXF has been the subject of several research reports. Bank of America downgraded shares of Fox Factory from a “buy” rating to a “neutral” rating and set a $55.00 price objective for the company. in a research report on Friday, February 23rd. StockNews.com cut shares of Fox Factory from a “hold” rating to a “sell” rating in a report on Monday, February 26th. Stifel Nicolaus decreased their price objective on shares of Fox Factory from $69.00 to $56.00 and set a “hold” rating on the stock in a research note on Friday, February 23rd. Finally, Truist Financial decreased their price objective on shares of Fox Factory from $90.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $68.20.

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.