Bridges Investment Management Inc. Purchases 16,779 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Bridges Investment Management Inc. grew its position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 151.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,856 shares of the company's stock after purchasing an additional 16,779 shares during the period. Bridges Investment Management Inc. owned about 0.07% of Fox Factory worth $843,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. KBC Group NV increased its holdings in shares of Fox Factory by 36.5% during the 3rd quarter. KBC Group NV now owns 1,377 shares of the company's stock valued at $57,000 after acquiring an additional 368 shares during the last quarter. Diversify Wealth Management LLC lifted its position in shares of Fox Factory by 10.1% in the 4th quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company's stock worth $207,000 after acquiring an additional 680 shares during the period. HighTower Advisors LLC raised its holdings in shares of Fox Factory by 23.8% in the 3rd quarter. HighTower Advisors LLC now owns 5,880 shares of the company's stock worth $243,000 after buying an additional 1,131 shares in the last quarter. D.B. Root & Company LLC increased its holdings in Fox Factory by 24.7% during the 3rd quarter. D.B. Root & Company LLC now owns 6,060 shares of the company's stock valued at $251,000 after purchasing an additional 1,199 shares in the last quarter. Finally, FMR LLC increased its position in Fox Factory by 65.8% in the third quarter. FMR LLC now owns 7,674 shares of the company's stock worth $318,000 after purchasing an additional 3,045 shares during the period.

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Analyst Ratings Changes

A number of research analysts recently commented on FOXF shares. StockNews.com upgraded shares of Fox Factory from a "sell" rating to a "hold" rating in a research note on Thursday, November 28th. Jefferies Financial Group decreased their target price on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Truist Financial decreased their target price on shares of Fox Factory from $42.00 to $40.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Stifel Nicolaus upgraded shares of Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 target price on the stock in a research report on Wednesday, December 11th. Finally, Robert W. Baird decreased their target price on shares of Fox Factory from $38.00 to $32.00 and set a "neutral" rating on the stock in a research report on Friday, February 28th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Fox Factory presently has an average rating of "Hold" and a consensus target price of $39.14.

Fox Factory Stock Down 0.2 %

Shares of FOXF stock traded down $0.05 during trading hours on Thursday, reaching $26.62. The company had a trading volume of 155,771 shares, compared to its average volume of 620,064. Fox Factory Holding Corp. has a 12 month low of $25.17 and a 12 month high of $54.86. The business has a fifty day simple moving average of $27.69 and a 200-day simple moving average of $33.42. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 102.05, a price-to-earnings-growth ratio of 1.45 and a beta of 1.58. 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 (NASDAQ:FOXF - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, beating 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 firm had revenue of $352.84 million during the quarter, compared to analyst estimates of $321.31 million. On average, research 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.