Advantage Alpha Capital Partners LP Purchases 16,081 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Advantage Alpha Capital Partners LP lifted its stake in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 30.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,221 shares of the company's stock after purchasing an additional 16,081 shares during the period. Advantage Alpha Capital Partners LP owned 0.16% of Fox Factory worth $2,065,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. William Blair Investment Management LLC raised its holdings in Fox Factory by 17.1% during the fourth quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company's stock valued at $90,310,000 after acquiring an additional 434,998 shares during the period. Assenagon Asset Management S.A. raised its stake in Fox Factory by 595.6% during the 4th 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 period. JPMorgan Chase & Co. raised its stake in Fox Factory by 271.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company's stock valued at $7,921,000 after purchasing an additional 139,512 shares during the period. Disciplined Growth Investors Inc. MN purchased a new position in Fox Factory in the 3rd quarter worth approximately $5,743,000. Finally, ArrowMark Colorado Holdings LLC boosted its stake in Fox Factory by 15.9% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 927,006 shares of the company's stock worth $38,471,000 after purchasing an additional 127,187 shares during the period.

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Analyst Ratings Changes

FOXF has been the subject of a number of research reports. Stifel Nicolaus upgraded shares of Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 target price for the company in a research report on Wednesday, December 11th. Jefferies Financial Group dropped their price objective on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a report on Friday, February 28th. Truist Financial reduced 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. StockNews.com upgraded Fox Factory from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Finally, Robert W. Baird cut their price target on Fox Factory from $38.00 to $32.00 and set a "neutral" rating for the company in a report on Friday, February 28th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $39.14.

Fox Factory Trading Down 1.2 %

FOXF stock traded down $0.31 during midday trading on Tuesday, reaching $25.47. 528,136 shares of the company traded hands, compared to its average volume of 628,114. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 97.97, a P/E/G ratio of 1.45 and a beta of 1.65. 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 $26.60 and a 200-day moving average of $31.91. Fox Factory Holding Corp. has a 52-week low of $23.91 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. The company had revenue of $352.84 million during the quarter, compared to the consensus estimate of $321.31 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. 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 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.