ExodusPoint Capital Management LP bought a new stake in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 48,520 shares of the company's stock, valued at approximately $1,469,000. ExodusPoint Capital Management LP owned about 0.12% of Fox Factory at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of FOXF. Trexquant Investment LP acquired a new stake in shares of Fox Factory in the 4th quarter valued at about $1,114,000. Headlands Technologies LLC lifted its stake in Fox Factory by 181.1% in the fourth quarter. Headlands Technologies LLC now owns 9,462 shares of the company's stock valued at $286,000 after buying an additional 6,096 shares during the last quarter. B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Fox Factory during the fourth quarter worth approximately $494,000. Advantage Alpha Capital Partners LP increased its holdings in shares of Fox Factory by 30.8% in the 4th quarter. Advantage Alpha Capital Partners LP now owns 68,221 shares of the company's stock valued at $2,065,000 after acquiring an additional 16,081 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in Fox Factory in the 4th quarter valued at $913,000.
Wall Street Analysts Forecast Growth
FOXF has been the topic of several research reports. Robert W. Baird lowered their price objective on shares of Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Stifel Nicolaus lowered their price target on Fox Factory from $40.00 to $34.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Truist Financial reduced their price objective on Fox Factory from $40.00 to $24.00 and set a "buy" rating for the company in a research note on Monday. Finally, 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 research note on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $35.00.
Check Out Our Latest Analysis on FOXF
Fox Factory Stock Performance
Shares of FOXF stock traded down $0.09 during trading hours on Tuesday, reaching $19.53. 126,037 shares of the company's stock were exchanged, compared to its average volume of 615,705. 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 Holding Corp. has a 1 year low of $17.95 and a 1 year high of $54.86. The company has a market cap of $814.76 million, a P/E ratio of 74.97, a price-to-earnings-growth ratio of 1.45 and a beta of 1.56. The company's 50 day moving average is $24.57 and its two-hundred day moving average is $29.92.
Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. The company had revenue of $352.84 million for the quarter, compared to analyst estimates of $321.31 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. Equities research analysts anticipate that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.
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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