Charles Schwab Investment Management Inc. Grows Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Charles Schwab Investment Management Inc. increased its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 13.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 622,745 shares of the company's stock after acquiring an additional 73,110 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.49% of Fox Factory worth $18,850,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp grew its holdings in Fox Factory by 0.4% during the third quarter. State Street Corp now owns 1,596,222 shares of the company's stock worth $66,243,000 after acquiring an additional 6,308 shares during the period. Geode Capital Management LLC grew its holdings in Fox Factory by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,002,109 shares of the company's stock valued at $41,595,000 after purchasing an additional 8,474 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its holdings in Fox Factory by 15.9% in the third quarter. ArrowMark Colorado Holdings LLC now owns 927,006 shares of the company's stock valued at $38,471,000 after purchasing an additional 127,187 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Fox Factory by 595.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 247,435 shares of the company's stock valued at $7,490,000 after purchasing an additional 211,864 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Fox Factory by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 225,167 shares of the company's stock valued at $6,816,000 after purchasing an additional 8,162 shares during the last quarter.

Remove Ads

Analyst Ratings Changes

Several analysts have weighed in on the company. Jefferies Financial Group lowered their target price on Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, February 28th. StockNews.com raised Fox Factory from a "sell" rating to a "hold" rating in a report on Thursday, November 28th. Robert W. Baird lowered their target price on Fox Factory from $38.00 to $32.00 and set a "neutral" rating on the stock in a report on Friday, February 28th. Stifel Nicolaus raised Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 target price on the stock in a report on Wednesday, December 11th. Finally, Truist Financial lowered their target price on Fox Factory from $42.00 to $40.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Fox Factory has an average rating of "Hold" and a consensus price target of $39.14.

Fox Factory Price Performance

Shares of NASDAQ:FOXF traded up $0.12 on Friday, hitting $25.02. The company had a trading volume of 1,048,421 shares, compared to its average volume of 628,370. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. Fox Factory Holding Corp. has a 52-week low of $23.91 and a 52-week high of $54.86. The business has a 50 day moving average of $26.67 and a 200 day moving average of $32.15. The company has a market cap of $1.04 billion, a PE ratio of 96.23, a PEG ratio of 1.45 and a beta of 1.65.

Fox Factory (NASDAQ:FOXF - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $321.31 million. As a group, equities analysts anticipate that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

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.