Raymond James Financial Inc. Takes $2.54 Million Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Raymond James Financial Inc. bought a new stake in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 84,017 shares of the company's stock, valued at approximately $2,543,000. Raymond James Financial Inc. owned 0.20% of Fox Factory as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp increased its position in Fox Factory by 0.4% during the third quarter. State Street Corp now owns 1,596,222 shares of the company's stock worth $66,243,000 after buying an additional 6,308 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Fox Factory by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,002,109 shares of the company's stock valued at $41,595,000 after purchasing an additional 8,474 shares in the last quarter. ArrowMark Colorado Holdings LLC boosted its stake in shares of Fox Factory by 15.9% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 927,006 shares of the company's stock worth $38,471,000 after purchasing an additional 127,187 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Fox Factory by 13.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 622,745 shares of the company's stock worth $18,850,000 after buying an additional 73,110 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Fox Factory by 595.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 247,435 shares of the company's stock valued at $7,490,000 after buying an additional 211,864 shares during the last quarter.

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Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FOXF. Truist Financial lowered their target price on shares of Fox Factory from $42.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Jefferies Financial Group lowered their price target on Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a report on Friday, February 28th. Robert W. Baird reduced their target price on Fox Factory from $38.00 to $32.00 and set a "neutral" rating on the stock in a report on Friday, February 28th. Finally, Stifel Nicolaus raised Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 price objective on the stock in a research note on Wednesday, December 11th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Fox Factory has a consensus rating of "Hold" and an average target price of $39.14.

Fox Factory Stock Up 6.1 %

FOXF traded up $1.42 on Wednesday, reaching $24.87. The company's stock had a trading volume of 563,572 shares, compared to its average volume of 608,068. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. Fox Factory Holding Corp. has a 1 year low of $22.76 and a 1 year high of $54.86. The business's 50 day moving average is $26.11 and its 200 day moving average is $31.42. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 95.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.65.

Fox Factory (NASDAQ:FOXF - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share 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. As a group, research analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

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.