Fmr LLC Increases Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Fmr LLC lifted its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 65.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,674 shares of the company’s stock after purchasing an additional 3,045 shares during the quarter. Fmr LLC’s holdings in Fox Factory were worth $318,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. D. E. Shaw & Co. Inc. boosted its holdings in Fox Factory by 25.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company’s stock valued at $32,483,000 after purchasing an additional 135,542 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Fox Factory by 223.3% in the 2nd quarter. Victory Capital Management Inc. now owns 42,119 shares of the company’s stock valued at $2,030,000 after buying an additional 29,092 shares during the period. 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 valued at $2,844,000 after buying an additional 32,263 shares in the last quarter. Van Berkom & Associates Inc. grew its holdings in Fox Factory by 1.5% during the second quarter. Van Berkom & Associates Inc. now owns 913,452 shares of the company’s stock worth $44,019,000 after acquiring an additional 13,936 shares during the period. Finally, Royce & Associates LP raised its position in 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 acquiring an additional 16,410 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FOXF shares. Roth Mkm decreased their target price on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Robert W. Baird lowered their target price on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Stifel Nicolaus upgraded shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Wednesday, December 11th. Bank of America lowered their price target on Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Finally, StockNews.com raised Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Five 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, Fox Factory presently has a consensus rating of “Hold” and an average price target of $40.67.

Fox Factory Stock Up 0.6 %

FOXF stock opened at $29.87 on Friday. 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 Holding Corp. has a 12 month low of $28.93 and a 12 month high of $70.13. The firm has a market capitalization of $1.25 billion, a PE ratio of 114.89, a P/E/G ratio of 2.67 and a beta of 1.60. The company’s 50 day simple moving average is $34.23 and its 200-day simple moving average is $40.57.

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