Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 89.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,532 shares of the company’s stock after purchasing an additional 32,263 shares during the period. Thrivent Financial for Lutherans owned approximately 0.16% of Fox Factory worth $2,844,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in shares of Fox Factory by 86.0% during the third quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock worth $25,000 after buying an additional 277 shares during the period. Signaturefd LLC grew its holdings in Fox Factory by 301.1% during the 3rd quarter. Signaturefd LLC now owns 726 shares of the company’s stock worth $30,000 after acquiring an additional 545 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Fox Factory in the 3rd quarter valued at approximately $42,000. Fifth Third Bancorp raised its holdings in shares of Fox Factory by 26.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,245 shares of the company’s stock valued at $60,000 after purchasing an additional 261 shares in the last quarter. Finally, KBC Group NV lifted its position 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 purchasing an additional 368 shares during the last quarter.

Wall Street Analyst Weigh In

FOXF has been the topic of a number of analyst reports. Truist Financial cut their price target on Fox Factory from $54.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Roth Mkm dropped their price target on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Bank of America reduced their price objective on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. B. Riley dropped their target price on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Robert W. Baird reduced their price target on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Fox Factory presently has an average rating of “Hold” and a consensus target price of $41.50.

Fox Factory Price Performance

Fox Factory stock opened at $31.73 on Wednesday. The stock has a market capitalization of $1.32 billion, a P/E ratio of 122.04, a P/E/G ratio of 2.64 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 Holding Corp. has a 12-month low of $30.92 and a 12-month high of $70.13. The firm’s 50-day moving average is $37.67 and its two-hundred day moving average is $42.35.

Fox Factory (NASDAQ:FOXF) last issued its 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 firm had revenue of $359.10 million during the quarter, compared to analysts’ expectations of $366.86 million. During the same period last year, the business posted $1.05 earnings per share. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. Equities analysts predict that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

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.