Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Acquired by Penn Capital Management Company LLC

Penn Capital Management Company LLC increased its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 54.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 179,381 shares of the company's stock after purchasing an additional 62,997 shares during the period. Penn Capital Management Company LLC owned 0.43% of Fox Factory worth $5,430,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FOXF. KBC Group NV boosted 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 valued at $75,000 after buying an additional 1,107 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new stake in Fox Factory during the fourth quarter worth about $143,000. Magnetar Financial LLC acquired a new stake in shares of Fox Factory in the 4th quarter worth approximately $206,000. Aristides Capital LLC purchased a new position in shares of Fox Factory in the fourth quarter valued at $206,000. Finally, Diversify Wealth Management LLC raised its position in Fox Factory by 10.1% during the fourth quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company's stock worth $207,000 after acquiring an additional 680 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have issued reports on FOXF. Jefferies Financial Group decreased their price target on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Truist Financial reduced their target price on Fox Factory from $40.00 to $24.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus lowered their price target on Fox Factory from $40.00 to $34.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Robert W. Baird decreased their target price on shares of Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $35.00.

Fox Factory Stock Down 2.4 %

Shares of FOXF traded down $0.50 during midday trading on Monday, hitting $20.60. The company had a trading volume of 342,462 shares, compared to its average volume of 616,497. The stock has a market cap of $859.27 million, a price-to-earnings ratio of 79.23, a PEG ratio of 1.45 and a beta of 1.56. The company's 50 day moving average price is $23.53 and its 200 day moving average price is $28.66. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. Fox Factory Holding Corp. has a 52 week low of $17.95 and a 52 week high of $54.86.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. The firm had revenue of $352.84 million for the quarter, compared to analysts' expectations of $321.31 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. On average, equities research analysts predict that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

About Fox Factory

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.