Caprock Group LLC Purchases Shares of 9,583 Fox Factory Holding Corp. (NASDAQ:FOXF)

Caprock Group LLC purchased a new stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 9,583 shares of the company’s stock, valued at approximately $398,000.

Several other large investors have also added to or reduced their stakes in FOXF. Thrivent Financial for Lutherans boosted its stake in shares of Fox Factory by 89.0% in the third quarter. Thrivent Financial for Lutherans now owns 68,532 shares of the company’s stock worth $2,844,000 after buying an additional 32,263 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Fox Factory by 5.7% in the third quarter. Royce & Associates LP now owns 302,349 shares of the company’s stock worth $12,547,000 after buying an additional 16,410 shares during the last quarter. Zions Bancorporation N.A. boosted its stake in shares of Fox Factory by 17.1% in the third quarter. Zions Bancorporation N.A. now owns 30,932 shares of the company’s stock worth $1,284,000 after buying an additional 4,510 shares during the last quarter. KBC Group NV boosted its stake in shares of Fox Factory by 36.5% in the third quarter. KBC Group NV now owns 1,377 shares of the company’s stock worth $57,000 after buying an additional 368 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Fox Factory by 1.8% in the third quarter. Victory Capital Management Inc. now owns 42,891 shares of the company’s stock worth $1,780,000 after buying an additional 772 shares during the last quarter.

Fox Factory Price Performance

Shares of Fox Factory stock opened at $32.43 on Friday. The business has a 50 day simple moving average of $37.79 and a two-hundred day simple moving average of $42.48. Fox Factory Holding Corp. has a 12 month low of $30.92 and a 12 month high of $70.13. The stock has a market capitalization of $1.35 billion, a P/E ratio of 124.74, a PEG ratio of 2.63 and a beta of 1.65. 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 announced its earnings results on Thursday, October 31st. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The firm had revenue of $359.10 million for the quarter, compared to analyst estimates of $366.86 million. During the same period in the previous year, the company earned $1.05 EPS. Fox Factory’s revenue was up 8.4% compared to the same quarter last year. As a group, analysts predict that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FOXF. Bank of America lowered their target price on Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Robert W. Baird lowered their price target on Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. B. Riley lowered their price target on Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Roth Mkm lowered their price target on Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Truist Financial lowered their price target on Fox Factory from $54.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $41.50.

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.