B. Metzler seel. Sohn & Co. AG Makes New $494,000 Investment in Fox Factory Holding Corp. (NASDAQ:FOXF)

B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,334 shares of the company's stock, valued at approximately $494,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FOXF. KBC Group NV grew its stake in shares of Fox Factory by 80.4% during the 4th quarter. KBC Group NV now owns 2,484 shares of the company's stock valued at $75,000 after acquiring an additional 1,107 shares during the period. HighTower Advisors LLC lifted its holdings in Fox Factory by 23.8% during the third quarter. HighTower Advisors LLC now owns 5,880 shares of the company's stock valued at $243,000 after purchasing an additional 1,131 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of Fox Factory in the fourth quarter worth approximately $206,000. Diversify Wealth Management LLC raised its position in shares of Fox Factory by 10.1% during the 4th quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company's stock valued at $207,000 after purchasing an additional 680 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Fox Factory during the 4th quarter valued at $230,000.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Jefferies Financial Group decreased their price target on Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Truist Financial dropped 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 reduced their price objective on shares of Fox Factory from $40.00 to $34.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Robert W. Baird dropped their target price on shares of Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Fox Factory presently has an average rating of "Hold" and a consensus target price of $37.29.

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Fox Factory Trading Down 10.9 %

FOXF stock traded down $2.40 during midday trading on Thursday, reaching $19.58. 129,531 shares of the company traded hands, compared to its average volume of 614,001. The firm has a market capitalization of $816.51 million, a price-to-earnings ratio of 75.24, a P/E/G ratio of 1.45 and a beta of 1.56. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. The business has a 50 day moving average of $24.97 and a 200-day moving average of $30.47. Fox Factory Holding Corp. has a 52-week low of $17.95 and a 52-week high of $54.86.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The company had revenue of $352.84 million during the quarter, compared to the consensus estimate of $321.31 million. As a group, sell-side analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Fox Factory 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.