Assenagon Asset Management S.A. Has $7.49 Million Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Assenagon Asset Management S.A. increased its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 595.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 247,435 shares of the company's stock after acquiring an additional 211,864 shares during the period. Assenagon Asset Management S.A. owned about 0.59% of Fox Factory worth $7,490,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of FOXF. D. E. Shaw & Co. Inc. raised its stake in shares of Fox Factory by 25.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company's stock worth $32,483,000 after purchasing an additional 135,542 shares in the last quarter. Disciplined Growth Investors Inc. MN bought a new position in Fox Factory during the third quarter valued at approximately $5,743,000. Thrivent Financial for Lutherans lifted its stake in Fox Factory by 89.0% in the third quarter. Thrivent Financial for Lutherans now owns 68,532 shares of the company's stock valued at $2,844,000 after acquiring an additional 32,263 shares during the last quarter. Barclays PLC grew its position in Fox Factory by 474.7% in the third quarter. Barclays PLC now owns 122,806 shares of the company's stock worth $5,097,000 after acquiring an additional 101,437 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Fox Factory by 271.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company's stock worth $7,921,000 after purchasing an additional 139,512 shares during the last quarter.

Fox Factory Stock Performance

NASDAQ FOXF traded up $0.07 during trading on Monday, hitting $28.62. The company's stock had a trading volume of 309,202 shares, compared to its average volume of 603,361. Fox Factory Holding Corp. has a 52 week low of $26.76 and a 52 week high of $69.46. The firm has a market cap of $1.19 billion, a P/E ratio of 110.08, a price-to-earnings-growth ratio of 1.53 and a beta of 1.60. The firm has a 50 day moving average price of $30.76 and a 200 day moving average price of $37.75. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Robert W. Baird reduced 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 note on Friday, November 1st. Truist Financial decreased their price target on Fox Factory from $42.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Stifel Nicolaus raised Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 price objective on the stock in a research note on Wednesday, December 11th. StockNews.com raised Fox Factory from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Finally, Roth Mkm dropped their price target on shares of Fox Factory from $45.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Fox Factory currently has a consensus rating of "Hold" and an average price target of $40.33.

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.