Thrivent Financial for Lutherans Increases Stake in Fox Factory Holding Corp. (NASDAQ:FOXF)

Thrivent Financial for Lutherans raised its position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 21.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 83,029 shares of the company's stock after buying an additional 14,497 shares during the period. Thrivent Financial for Lutherans owned about 0.20% of Fox Factory worth $2,513,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new stake in shares of Fox Factory in the 3rd quarter valued at about $541,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Fox Factory by 7.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 549,635 shares of the company's stock valued at $22,810,000 after purchasing an additional 37,325 shares during the last quarter. FMR LLC raised its holdings in Fox Factory by 65.8% in the 3rd quarter. FMR LLC now owns 7,674 shares of the company's stock valued at $318,000 after acquiring an additional 3,045 shares during the period. FORA Capital LLC increased its stake in shares of Fox Factory by 5.9% during the third quarter. FORA Capital LLC now owns 9,117 shares of the company's stock worth $378,000 after purchasing an additional 507 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Fox Factory by 7.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,972 shares of the company's stock worth $455,000 after buying an additional 785 shares in the last quarter.

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Fox Factory Price Performance

FOXF stock traded down $0.92 during midday trading on Monday, hitting $23.34. The company's stock had a trading volume of 676,854 shares, compared to its average volume of 635,998. 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 12 month low of $23.19 and a 12 month high of $54.86. The company has a 50 day moving average of $26.31 and a two-hundred day moving average of $31.58. The firm has a market capitalization of $972.90 million, a price-to-earnings ratio of 89.77, a price-to-earnings-growth ratio of 1.45 and a beta of 1.65.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. The business had revenue of $352.84 million during 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, analysts expect that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Robert W. Baird cut their price target 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. Jefferies Financial Group cut their target price on Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Truist Financial decreased their target price on Fox Factory from $42.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus upgraded Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 price objective for the company in a report on Wednesday, December 11th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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.