Royce & Associates LP Boosts Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Royce & Associates LP increased its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 302,349 shares of the company's stock after buying an additional 16,410 shares during the quarter. Royce & Associates LP owned 0.73% of Fox Factory worth $12,547,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in Fox Factory by 86.0% in the 3rd 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 period. Signaturefd LLC lifted its holdings in shares of Fox Factory by 301.1% in the third quarter. Signaturefd LLC now owns 726 shares of the company's stock worth $30,000 after buying an additional 545 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Fox Factory during the 3rd quarter valued at $42,000. KBC Group NV raised its holdings in shares of Fox Factory by 36.5% in the 3rd quarter. KBC Group NV now owns 1,377 shares of the company's stock valued at $57,000 after acquiring an additional 368 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in Fox Factory by 26.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,245 shares of the company's stock worth $60,000 after buying an additional 261 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FOXF. Truist Financial lowered their price target on shares of Fox Factory from $54.00 to $42.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Roth Mkm dropped their price target on Fox Factory from $45.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. B. Riley decreased their target price on shares of Fox Factory from $50.00 to $45.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Robert W. Baird lowered their price target on Fox Factory from $45.00 to $38.00 and set a "neutral" rating for the company in a research report on Friday, November 1st. Finally, Bank of America cut their target price on Fox Factory from $53.00 to $43.00 and set a "neutral" rating on the stock in a research note on Thursday, September 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $41.50.

Fox Factory Stock Performance

Shares of FOXF traded down $0.21 on Friday, reaching $32.17. The company's stock had a trading volume of 522,927 shares, compared to its average volume of 724,710. Fox Factory Holding Corp. has a 12-month low of $31.19 and a 12-month high of $70.13. The stock has a market capitalization of $1.34 billion, a P/E ratio of 123.74, a PEG ratio of 2.62 and a beta of 1.65. 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's 50 day simple moving average is $38.29 and its two-hundred day simple moving average is $42.85.

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