Quantbot Technologies LP Purchases Shares of 59,473 Fox Factory Holding Corp. (NASDAQ:FOXF)

Quantbot Technologies LP acquired a new position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 59,473 shares of the company's stock, valued at approximately $1,800,000. Quantbot Technologies LP owned 0.14% of Fox Factory at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FOXF. Victory Capital Management Inc. increased its position in shares of Fox Factory by 1.8% during the 3rd quarter. Victory Capital Management Inc. now owns 42,891 shares of the company's stock valued at $1,780,000 after purchasing an additional 772 shares during the last quarter. KBC Group NV raised its position in Fox Factory by 36.5% in 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 period. Thrivent Financial for Lutherans boosted its stake in shares of Fox Factory by 89.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 68,532 shares of the company's stock worth $2,844,000 after acquiring an additional 32,263 shares during the last quarter. Caprock Group LLC bought a new stake in shares of Fox Factory during the 3rd quarter valued at $398,000. Finally, Intech Investment Management LLC bought a new position in Fox Factory in the 3rd quarter worth $541,000.

Fox Factory Trading Down 1.6 %

Shares of FOXF traded down $0.42 during mid-day trading on Thursday, reaching $25.74. 382,243 shares of the company's stock traded hands, compared to its average volume of 626,403. The stock's 50-day moving average is $26.56 and its two-hundred day moving average is $31.87. Fox Factory Holding Corp. has a 12 month low of $23.91 and a 12 month high of $54.86. 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 stock has a market cap of $1.07 billion, a P/E ratio of 99.00, a P/E/G ratio of 1.45 and a beta of 1.65.

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Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its quarterly 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. 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%. Research analysts forecast that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FOXF has been the subject of a number of analyst reports. Stifel Nicolaus upgraded Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 price target for the company in a research report on Wednesday, December 11th. Robert W. Baird lowered their price target on shares of Fox Factory from $38.00 to $32.00 and set a "neutral" rating on the stock in a report on Friday, February 28th. Truist Financial decreased their price target on Fox Factory from $42.00 to $40.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Jefferies Financial Group dropped their price target on Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Finally, StockNews.com raised shares of Fox Factory from a "sell" rating to a "hold" rating in a research note on Thursday, November 28th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Fox Factory has a consensus rating of "Hold" and an average target price of $39.14.

Fox Factory Company 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.