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JPMorgan Chase & Co. Grows Stock Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Fox Factory logo with Auto/Tires/Trucks background

JPMorgan Chase & Co. grew its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 271.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 190,870 shares of the company's stock after acquiring an additional 139,512 shares during the quarter. JPMorgan Chase & Co. owned about 0.46% of Fox Factory worth $7,921,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in Fox Factory by 86.0% during the third quarter. GAMMA Investing LLC now owns 599 shares of the company's stock valued at $25,000 after purchasing an additional 277 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Fox Factory by 301.1% in the 3rd quarter. Signaturefd LLC now owns 726 shares of the company's stock valued at $30,000 after acquiring an additional 545 shares during the last quarter. nVerses Capital LLC purchased a new position in Fox Factory in the third quarter worth about $42,000. KBC Group NV increased its stake in Fox Factory by 36.5% during the third quarter. KBC Group NV now owns 1,377 shares of the company's stock worth $57,000 after acquiring an additional 368 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of Fox Factory by 734.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,654 shares of the company's stock valued at $128,000 after purchasing an additional 2,336 shares during the last quarter.

Fox Factory Stock Up 2.1 %

Shares of FOXF traded up $0.59 during midday trading on Wednesday, reaching $28.20. 364,430 shares of the stock were exchanged, compared to its average volume of 467,006. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. The company's 50 day moving average is $31.17 and its two-hundred day moving average is $38.16. The company has a market capitalization of $1.18 billion, a P/E ratio of 108.47, a PEG ratio of 2.55 and a beta of 1.60. Fox Factory Holding Corp. has a 52 week low of $26.76 and a 52 week high of $69.46.

Fox Factory (NASDAQ:FOXF - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.07). Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The company had revenue of $359.10 million during the quarter, compared to the consensus estimate of $366.86 million. During the same period in the previous year, the firm posted $1.05 earnings per share. The company's revenue was up 8.4% on a year-over-year basis. On average, sell-side analysts anticipate that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Roth Mkm decreased their price target on Fox Factory from $45.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. StockNews.com upgraded shares of Fox Factory from a "sell" rating to a "hold" rating in a report on Thursday, November 28th. 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. Truist Financial cut their target price on Fox Factory from $42.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus upgraded Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 price objective for the company in a report on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $40.33.

View Our Latest Stock Analysis on FOXF

Fox Factory Company 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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