Capital World Investors Increases Stake in Fox Factory Holding Corp. (NASDAQ:FOXF)

Capital World Investors grew its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 21.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,341,155 shares of the company’s stock after buying an additional 240,416 shares during the quarter. Capital World Investors’ holdings in Fox Factory were worth $40,597,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. RWWM Inc. boosted its position in shares of Fox Factory by 174.0% during the 4th quarter. RWWM Inc. now owns 1,997,531 shares of the company’s stock valued at $60,465,000 after acquiring an additional 1,268,460 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of Fox Factory by 17.1% in the 4th quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company’s stock valued at $90,310,000 after buying an additional 434,998 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Fox Factory by 595.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 247,435 shares of the company’s stock worth $7,490,000 after buying an additional 211,864 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Fox Factory by 271.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company’s stock valued at $7,921,000 after buying an additional 139,512 shares during the period. Finally, Barclays PLC lifted its holdings in Fox Factory by 474.7% in the third quarter. Barclays PLC now owns 122,806 shares of the company’s stock valued at $5,097,000 after acquiring an additional 101,437 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Robert W. Baird cut their target price on Fox Factory from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, April 4th. Stifel Nicolaus cut their price objective on Fox Factory from $40.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Truist Financial decreased their target price on shares of Fox Factory from $40.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Jefferies Financial Group dropped their price target on shares of Fox Factory from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, February 28th. 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, Fox Factory presently has a consensus rating of “Hold” and a consensus price target of $35.00.

Fox Factory Trading Down 0.4 %

Shares of FOXF stock opened at $19.59 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. Fox Factory Holding Corp. has a fifty-two week low of $17.95 and a fifty-two week high of $54.86. The stock has a market capitalization of $817.14 million, a P/E ratio of 75.35, a price-to-earnings-growth ratio of 1.45 and a beta of 1.56. The company has a 50 day moving average price of $23.94 and a 200 day moving average price of $29.18.

Fox Factory (NASDAQ:FOXF) last released its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. The firm had revenue of $352.84 million during 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 predict that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

Fox Factory 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.