Wealthfront Advisers LLC Invests $3.05 Million in Fox Factory Holding Corp. (NASDAQ:FOXF)

Wealthfront Advisers LLC acquired a new position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 100,619 shares of the company's stock, valued at approximately $3,046,000. Wealthfront Advisers LLC owned approximately 0.24% of Fox Factory as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its stake in shares of Fox Factory by 595.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 247,435 shares of the company's stock valued at $7,490,000 after purchasing an additional 211,864 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Fox Factory by 271.6% during the third quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company's stock worth $7,921,000 after buying an additional 139,512 shares during the period. Disciplined Growth Investors Inc. MN bought a new stake in Fox Factory during the 3rd quarter valued at $5,743,000. ArrowMark Colorado Holdings LLC increased its holdings in shares of Fox Factory by 15.9% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 927,006 shares of the company's stock valued at $38,471,000 after acquiring an additional 127,187 shares during the period. Finally, Barclays PLC raised its position in shares of Fox Factory by 474.7% in the 3rd quarter. Barclays PLC now owns 122,806 shares of the company's stock worth $5,097,000 after acquiring an additional 101,437 shares in the last quarter.

Fox Factory Stock Performance

Shares of NASDAQ:FOXF traded down $0.08 on Monday, hitting $24.72. 781,164 shares of the company were exchanged, compared to its average volume of 546,837. The firm has a market capitalization of $1.03 billion, a P/E ratio of 95.08, a price-to-earnings-growth ratio of 1.45 and a beta of 1.65. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. Fox Factory Holding Corp. has a 1-year low of $23.91 and a 1-year high of $54.85. The stock's 50 day moving average price is $27.08 and its 200 day moving average price is $32.64.

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Fox Factory (NASDAQ:FOXF - Get Free Report) last announced 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. The business had revenue of $352.84 million for the quarter, compared to analyst estimates of $321.31 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. Sell-side analysts predict that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Analysts Set New Price Targets

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