RWWM Inc. lifted its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 174.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,997,531 shares of the company's stock after acquiring an additional 1,268,460 shares during the period. Fox Factory accounts for 5.5% of RWWM Inc.'s portfolio, making the stock its 6th biggest holding. RWWM Inc. owned about 4.79% of Fox Factory worth $60,465,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. KBC Group NV grew its stake in shares of Fox Factory by 80.4% in the fourth quarter. KBC Group NV now owns 2,484 shares of the company's stock worth $75,000 after purchasing an additional 1,107 shares in the last quarter. Magnetar Financial LLC acquired a new stake in Fox Factory in the fourth quarter worth about $206,000. Aristides Capital LLC bought a new position in Fox Factory in the 4th quarter valued at about $206,000. Diversify Wealth Management LLC increased its stake in 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 buying an additional 680 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Fox Factory during the 4th quarter worth about $230,000.
Fox Factory Price Performance
Shares of FOXF traded down $0.09 during trading hours on Tuesday, hitting $19.53. 796,198 shares of the company were exchanged, compared to its average volume of 617,592. 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 company has a market capitalization of $814.64 million, a PE ratio of 75.12, a PEG ratio of 1.45 and a beta of 1.56. The firm has a fifty day simple moving average of $24.44 and a 200-day simple moving average of $29.84. Fox Factory Holding Corp. has a one year low of $17.95 and a one year high of $54.86.
Fox Factory (NASDAQ:FOXF - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.02. The business had revenue of $352.84 million during the quarter, compared to analyst estimates 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 predict that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.
Analysts Set New Price Targets
FOXF has been the subject of several recent analyst reports. Jefferies Financial Group decreased 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. Robert W. Baird decreased their price target on Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Truist Financial dropped their price objective on Fox Factory from $40.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Stifel Nicolaus decreased their target price on Fox Factory from $40.00 to $34.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Fox Factory has a consensus rating of "Hold" and an average target price of $35.00.
View Our Latest Analysis on FOXF
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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