Diversify Wealth Management LLC Grows Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Diversify Wealth Management LLC lifted its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 10.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,443 shares of the company’s stock after buying an additional 680 shares during the period. Diversify Wealth Management LLC’s holdings in Fox Factory were worth $207,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FOXF. Assenagon Asset Management S.A. boosted its holdings in Fox Factory by 595.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 247,435 shares of the company’s stock worth $7,490,000 after acquiring an additional 211,864 shares in the last quarter. JPMorgan Chase & Co. grew its position in Fox Factory by 271.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company’s stock worth $7,921,000 after purchasing an additional 139,512 shares during the last quarter. Disciplined Growth Investors Inc. MN acquired a new position in Fox Factory during the 3rd quarter valued at approximately $5,743,000. D. E. Shaw & Co. Inc. raised its holdings in shares of Fox Factory by 25.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company’s stock worth $32,483,000 after buying an additional 135,542 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC lifted its stake in shares of Fox Factory by 15.9% during the third quarter. ArrowMark Colorado Holdings LLC now owns 927,006 shares of the company’s stock worth $38,471,000 after buying an additional 127,187 shares during the period.

Fox Factory Stock Performance

FOXF opened at $28.76 on Friday. The stock has a market cap of $1.20 billion, a P/E ratio of 110.62, a P/E/G ratio of 1.61 and a beta of 1.60. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The firm has a fifty day moving average price of $30.39 and a 200 day moving average price of $37.37. Fox Factory Holding Corp. has a 1 year low of $26.76 and a 1 year high of $69.46.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Stifel Nicolaus upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Wednesday, December 11th. Truist Financial decreased their target price on Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Roth Mkm dropped their price objective on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Finally, Robert W. Baird reduced their target price on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $40.33.

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.