William Blair Investment Management LLC Purchases 434,998 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

William Blair Investment Management LLC boosted its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 17.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,983,482 shares of the company’s stock after purchasing an additional 434,998 shares during the quarter. William Blair Investment Management LLC owned about 7.16% of Fox Factory worth $90,310,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. KBC Group NV boosted its stake in 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 purchasing an additional 368 shares during the period. FORA Capital LLC raised its holdings in Fox Factory by 5.9% in the 3rd quarter. FORA Capital LLC now owns 9,117 shares of the company’s stock valued at $378,000 after acquiring an additional 507 shares in the last quarter. Diversify Wealth Management LLC raised its holdings in Fox Factory by 10.1% in the 4th 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. Swiss National Bank raised its holdings in Fox Factory by 0.9% in 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. Finally, Victory Capital Management Inc. raised its holdings in Fox Factory by 1.8% in the 3rd quarter. Victory Capital Management Inc. now owns 42,891 shares of the company’s stock valued at $1,780,000 after acquiring an additional 772 shares in the last quarter.

Fox Factory Price Performance

Shares of FOXF opened at $24.72 on Tuesday. Fox Factory Holding Corp. has a 12-month low of $23.91 and a 12-month high of $54.86. The business has a 50-day simple moving average of $26.97 and a two-hundred day simple moving average of $32.52. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.03 billion, a PE ratio of 95.08, a PEG ratio of 1.45 and a beta of 1.65.

Fox Factory (NASDAQ:FOXF) last issued its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The business had revenue of $352.84 million during the quarter, compared to analysts’ expectations of $321.31 million. Analysts anticipate that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FOXF. StockNews.com raised Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Jefferies Financial Group dropped their price objective on Fox Factory from $45.00 to $38.00 and set a “buy” rating for the company in a report on Friday, February 28th. Truist Financial lowered their price target on Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus raised Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Wednesday, December 11th. Finally, Robert W. Baird lowered their price target on Fox Factory from $38.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, February 28th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fox Factory 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.