Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Bought by State Street Corp

State Street Corp raised its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 0.4% in the third quarter, Holdings Channel.com reports. The fund owned 1,596,222 shares of the company’s stock after buying an additional 6,308 shares during the quarter. State Street Corp’s holdings in Fox Factory were worth $66,243,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FOXF. GAMMA Investing LLC lifted its holdings in Fox Factory by 86.0% in the third quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock valued at $25,000 after acquiring an additional 277 shares during the period. Signaturefd LLC lifted its holdings in Fox Factory by 301.1% in the third quarter. Signaturefd LLC now owns 726 shares of the company’s stock valued at $30,000 after acquiring an additional 545 shares during the period. nVerses Capital LLC acquired a new position in shares of Fox Factory during the 3rd quarter worth $42,000. KBC Group NV raised its stake in shares of Fox Factory by 36.5% during the 3rd 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, Fifth Third Bancorp raised its stake in shares of Fox Factory by 26.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,245 shares of the company’s stock worth $60,000 after buying an additional 261 shares during the last quarter.

Fox Factory Trading Up 2.4 %

Fox Factory stock opened at $30.39 on Wednesday. The stock has a market cap of $1.27 billion, a PE ratio of 116.88, a P/E/G ratio of 2.67 and a beta of 1.60. The stock has a 50-day moving average price of $34.79 and a 200 day moving average price of $40.83. Fox Factory Holding Corp. has a 52 week low of $28.93 and a 52 week high of $70.13. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.07). The business had revenue of $359.10 million during the quarter, compared to analysts’ expectations of $366.86 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 EPS. Equities research analysts predict that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. 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 research note on Wednesday, December 11th. Roth Mkm cut their price target on Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Robert W. Baird cut their price target on Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. StockNews.com raised Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Truist Financial cut their price target on Fox Factory from $54.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Fox Factory currently has an average rating of “Hold” and an average target price of $40.67.

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.