Counterpoint Mutual Funds LLC purchased a new stake in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,482 shares of the company's stock, valued at approximately $348,000.
Several other hedge funds and other institutional investors also recently modified their holdings of FOXF. KBC Group NV grew its position in Fox Factory by 36.5% in the third 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. FORA Capital LLC boosted its stake in shares of Fox Factory by 5.9% in the 3rd quarter. FORA Capital LLC now owns 9,117 shares of the company's stock valued at $378,000 after purchasing an additional 507 shares in the last quarter. Diversify Wealth Management LLC grew its holdings 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 last quarter. Swiss National Bank increased its position in Fox Factory by 0.9% during the 4th quarter. Swiss National Bank now owns 82,000 shares of the company's stock worth $2,482,000 after purchasing an additional 700 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Fox Factory by 1.8% in the 3rd quarter. Victory Capital Management Inc. now owns 42,891 shares of the company's stock valued at $1,780,000 after purchasing an additional 772 shares during the last quarter.
Fox Factory Trading Up 0.5 %
Fox Factory stock traded up $0.12 during mid-day trading on Friday, hitting $25.02. 992,721 shares of the stock were exchanged, compared to its average volume of 627,462. The firm's fifty day simple moving average is $26.73 and its two-hundred day simple moving average is $32.31. 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 Holding Corp. has a 12 month low of $23.91 and a 12 month high of $54.86. The stock has a market capitalization of $1.04 billion, a price-to-earnings 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 (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The business had revenue of $352.84 million for the quarter, compared to analyst estimates of $321.31 million. Analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on FOXF shares. StockNews.com raised shares of Fox Factory from a "sell" rating to a "hold" rating in a research note 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 for the company in a report on Friday, February 28th. Jefferies Financial Group cut their price target on Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Stifel Nicolaus raised Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 price objective for the company in a research note on Wednesday, December 11th. Finally, Truist Financial cut 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. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Fox Factory has a consensus rating of "Hold" and an average target price of $39.14.
Get Our Latest Stock Analysis on Fox Factory
About Fox Factory
(
Free Report)
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.
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