Trexquant Investment LP Makes New $1.11 Million Investment in Fox Factory Holding Corp. (NASDAQ:FOXF)

Trexquant Investment LP bought a new position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 36,792 shares of the company's stock, valued at approximately $1,114,000. Trexquant Investment LP owned about 0.09% of Fox Factory at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. KBC Group NV raised its holdings in shares of Fox Factory by 80.4% during the fourth quarter. KBC Group NV now owns 2,484 shares of the company's stock valued at $75,000 after purchasing an additional 1,107 shares during the last quarter. HighTower Advisors LLC raised its holdings in Fox Factory by 23.8% during the third quarter. HighTower Advisors LLC now owns 5,880 shares of the company's stock valued at $243,000 after acquiring an additional 1,131 shares during the period. Magnetar Financial LLC bought a new position in shares of Fox Factory in the fourth quarter worth about $206,000. Diversify Wealth Management LLC grew its stake in Fox Factory by 10.1% during the fourth quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company's stock valued at $207,000 after acquiring an additional 680 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Fox Factory in the 4th quarter worth $230,000.

Fox Factory Price Performance

Shares of FOXF traded up $0.09 on Wednesday, reaching $19.62. The stock had a trading volume of 130,583 shares, compared to its average volume of 586,512. Fox Factory Holding Corp. has a twelve month low of $17.95 and a twelve month high of $54.85. The firm has a market capitalization of $818.39 million, a PE ratio of 75.41, a PEG ratio of 1.45 and a beta of 1.56. The firm has a 50-day moving average of $24.44 and a 200 day moving average of $29.84. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62.

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Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, beating 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 analyst estimates of $321.31 million. Sell-side analysts expect that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Analyst Ratings Changes

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

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.