William Blair Investment Management LLC Raises Stake in Fox Factory Holding Corp. (NASDAQ:FOXF)

William Blair Investment Management LLC boosted its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 17.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,983,482 shares of the company's stock after acquiring an additional 434,998 shares during the quarter. William Blair Investment Management LLC owned 7.16% of Fox Factory worth $90,310,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Counterpoint Mutual Funds LLC bought a new position in shares of Fox Factory in the fourth quarter valued at approximately $348,000. Swiss National Bank lifted its stake in Fox Factory by 0.9% during the 4th quarter. Swiss National Bank now owns 82,000 shares of the company's stock valued at $2,482,000 after acquiring an additional 700 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in Fox Factory during the 4th quarter worth $3,046,000. Inceptionr LLC bought a new stake in shares of Fox Factory in the 4th quarter worth $249,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Fox Factory in the 4th quarter worth $2,543,000.

Fox Factory Stock Performance

Shares of FOXF stock traded up $0.12 on Friday, hitting $25.02. 992,721 shares of the stock were exchanged, compared to its average volume of 627,462. The firm's 50 day moving average is $26.73 and its two-hundred day moving average is $32.31. Fox Factory Holding Corp. has a one year low of $23.91 and a one year high of $54.86. The firm has a market capitalization of $1.04 billion, a PE ratio of 96.23, a P/E/G 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.

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Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its 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 firm 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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FOXF shares. Robert W. Baird dropped their price target 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. StockNews.com upgraded Fox Factory from a "sell" rating to a "hold" rating in a research note on Thursday, November 28th. Jefferies Financial Group decreased their price target on Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Truist Financial cut their price objective on Fox Factory from $42.00 to $40.00 and set a "buy" rating on the stock in a research report 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 research note 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price 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.