Fox Run Management L.L.C. Buys New Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Fox Run Management L.L.C. purchased a new position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) during the 4th quarter, Holdings Channel.com reports. The fund purchased 30,162 shares of the company’s stock, valued at approximately $913,000.

Other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV increased its position in shares of Fox Factory by 36.5% during the third quarter. KBC Group NV now owns 1,377 shares of the company’s stock worth $57,000 after acquiring an additional 368 shares during the last quarter. Magnetar Financial LLC bought a new position in Fox Factory during the 4th quarter valued at $206,000. Diversify Wealth Management LLC grew its holdings in Fox Factory by 10.1% during the 4th quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company’s stock worth $207,000 after acquiring an additional 680 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Fox Factory in the fourth quarter worth about $230,000. Finally, HighTower Advisors LLC raised its stake 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 buying an additional 1,131 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FOXF shares. Stifel Nicolaus upgraded 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. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Jefferies Financial Group decreased their target price on Fox Factory from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Robert W. Baird dropped their price target on Fox Factory from $38.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, February 28th. Finally, Truist Financial dropped their target price 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. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $39.14.

Fox Factory Stock Performance

Shares of FOXF opened at $25.02 on Friday. Fox Factory Holding Corp. has a 12-month low of $23.91 and a 12-month high of $54.86. The stock has a market capitalization of $1.04 billion, a P/E ratio of 96.23, a P/E/G ratio of 1.45 and a beta of 1.65. The firm’s 50 day moving average is $26.67 and its 200-day moving average is $32.15. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62.

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

About Fox Factory

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.