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Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Bought by Thrivent Financial for Lutherans

Fox Factory logo with Auto/Tires/Trucks background

Thrivent Financial for Lutherans grew its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 89.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,532 shares of the company's stock after buying an additional 32,263 shares during the quarter. Thrivent Financial for Lutherans owned 0.16% of Fox Factory worth $2,844,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Fox Factory by 5.4% during the first quarter. Vanguard Group Inc. now owns 4,470,762 shares of the company's stock worth $232,793,000 after purchasing an additional 228,339 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Fox Factory by 10.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,571 shares of the company's stock valued at $1,488,000 after purchasing an additional 2,647 shares in the last quarter. Silvercrest Asset Management Group LLC increased its holdings in shares of Fox Factory by 0.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 126,945 shares of the company's stock worth $6,610,000 after purchasing an additional 535 shares during the period. Jane Street Group LLC raised its position in shares of Fox Factory by 173.7% in the first quarter. Jane Street Group LLC now owns 181,873 shares of the company's stock worth $9,470,000 after buying an additional 115,432 shares in the last quarter. Finally, Partnership Wealth Management LLC increased its stake in Fox Factory by 15.7% in the 2nd quarter. Partnership Wealth Management LLC now owns 19,093 shares of the company's stock worth $920,000 after acquiring an additional 2,591 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on FOXF shares. Bank of America cut their price objective on Fox Factory from $53.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, September 12th. Robert W. Baird decreased their price objective on Fox Factory from $45.00 to $38.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. Roth Mkm decreased their price objective on shares of Fox Factory from $45.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. B. Riley reduced their price objective on shares of Fox Factory from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. Finally, Truist Financial decreased their target price on Fox Factory from $54.00 to $42.00 and set a "buy" rating for the company in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $41.50.

Check Out Our Latest Report on FOXF

Fox Factory Trading Up 1.8 %

Shares of Fox Factory stock traded up $0.57 on Wednesday, reaching $32.30. The company had a trading volume of 923,774 shares, compared to its average volume of 594,396. Fox Factory Holding Corp. has a 1 year low of $30.92 and a 1 year high of $70.13. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The firm's 50-day moving average price is $37.50 and its two-hundred day moving average price is $42.24. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 122.04, a P/E/G ratio of 2.72 and a beta of 1.65.

Fox Factory (NASDAQ:FOXF - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.07). The firm had revenue of $359.10 million during the quarter, compared to the consensus estimate of $366.86 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The firm's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $1.05 EPS. As a group, research analysts predict that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Fox Factory Profile

(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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Institutional Ownership by Quarter for Fox Factory (NASDAQ:FOXF)

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