Hotchkis & Wiley Capital Management LLC Grows Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 116.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 144,820 shares of the company's stock after buying an additional 77,770 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.35% of Fox Factory worth $6,010,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fifth Third Bancorp raised its position in shares of Fox Factory by 26.5% in the second quarter. Fifth Third Bancorp now owns 1,245 shares of the company's stock worth $60,000 after buying an additional 261 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Fox Factory by 86.0% in the third quarter. GAMMA Investing LLC now owns 599 shares of the company's stock worth $25,000 after purchasing an additional 277 shares during the last quarter. KBC Group NV raised its stake 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 purchasing an additional 368 shares in the last quarter. Park Avenue Securities LLC lifted its position in Fox Factory by 7.3% during the third quarter. Park Avenue Securities LLC now owns 6,023 shares of the company's stock valued at $250,000 after purchasing an additional 410 shares during the last quarter. Finally, FORA Capital LLC grew its stake in Fox Factory by 5.9% in the 3rd quarter. FORA Capital LLC now owns 9,117 shares of the company's stock worth $378,000 after buying an additional 507 shares in the last quarter.

Fox Factory Stock Down 0.4 %

Shares of Fox Factory stock traded down $0.13 during midday trading on Friday, hitting $30.67. The company had a trading volume of 480,028 shares, compared to its average volume of 604,733. Fox Factory Holding Corp. has a 52-week low of $30.13 and a 52-week high of $70.13. 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 company has a 50 day moving average of $36.06 and a 200 day moving average of $41.56. The stock has a market capitalization of $1.28 billion, a P/E ratio of 118.47, a P/E/G ratio of 2.57 and a beta of 1.60.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its earnings results 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 analysts' expectations of $366.86 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The firm's quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm posted $1.05 earnings per share. On average, equities analysts predict that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FOXF has been the subject of several analyst reports. StockNews.com upgraded Fox Factory from a "sell" rating to a "hold" rating in a report on Thursday, November 28th. Roth Mkm cut their target price on shares of Fox Factory from $45.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. Bank of America lowered their price target on shares of 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 cut their price target on shares of Fox Factory from $45.00 to $38.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. Finally, Truist Financial dropped their target price on shares of Fox Factory from $54.00 to $42.00 and set a "buy" rating for the company in a report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $41.50.

Fox Factory 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.