Mutual of America Capital Management LLC increased its position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 1,569.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,657 shares of the company's stock after purchasing an additional 98,387 shares during the period. Mutual of America Capital Management LLC owned 0.25% of Fox Factory worth $3,168,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. KBC Group NV boosted 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 in the last quarter. Diversify Wealth Management LLC boosted its position in shares of Fox Factory by 10.1% in the 4th quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company's stock worth $207,000 after purchasing an additional 680 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Fox Factory by 23.8% in the 3rd quarter. HighTower Advisors LLC now owns 5,880 shares of the company's stock worth $243,000 after buying an additional 1,131 shares during the last quarter. D.B. Root & Company LLC increased its position in Fox Factory by 24.7% during the 3rd quarter. D.B. Root & Company LLC now owns 6,060 shares of the company's stock valued at $251,000 after buying an additional 1,199 shares in the last quarter. Finally, FMR LLC raised its stake in Fox Factory by 65.8% during the third quarter. FMR LLC now owns 7,674 shares of the company's stock valued at $318,000 after buying an additional 3,045 shares during the last quarter.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on FOXF. StockNews.com raised Fox Factory from a "sell" rating to a "hold" rating in a research note on Thursday, November 28th. Stifel Nicolaus raised shares of Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 price objective on the stock in a research report on Wednesday, December 11th. Truist Financial decreased their target price on shares of Fox Factory from $42.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Jefferies Financial Group cut their price target on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Finally, Robert W. Baird decreased their price objective on shares of Fox Factory from $38.00 to $32.00 and set a "neutral" rating for the company in a report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $39.14.
Read Our Latest Analysis on FOXF
Fox Factory Stock Performance
Shares of FOXF stock traded up $0.39 during trading hours on Monday, reaching $26.55. The company had a trading volume of 621,376 shares, compared to its average volume of 623,950. 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 fifty day moving average price of $27.57 and a 200-day moving average price of $33.16. Fox Factory Holding Corp. has a one year low of $25.17 and a one year high of $54.86. The firm has a market cap of $1.11 billion, a PE ratio of 102.12, a price-to-earnings-growth ratio of 1.45 and a beta of 1.65.
Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The business had revenue of $352.84 million during the quarter, compared to the consensus estimate of $321.31 million. Sell-side analysts predict that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.
Fox Factory Company Profile
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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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