Cubist Systematic Strategies LLC Boosts Stock Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Cubist Systematic Strategies LLC boosted its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 1,723.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 173,273 shares of the company's stock after purchasing an additional 163,773 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.42% of Fox Factory worth $5,245,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Balyasny Asset Management L.P. raised its holdings in shares of Fox Factory by 1,085.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 206,440 shares of the company's stock valued at $6,249,000 after purchasing an additional 189,029 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Fox Factory by 131.6% during the fourth quarter. BNP Paribas Financial Markets now owns 27,846 shares of the company's stock valued at $843,000 after buying an additional 15,823 shares during the period. ArrowMark Colorado Holdings LLC raised its stake in Fox Factory by 10.9% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,028,062 shares of the company's stock worth $31,119,000 after buying an additional 101,056 shares in the last quarter. 4D Advisors LLC purchased a new stake in Fox Factory during the fourth quarter worth $1,816,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Fox Factory during the fourth quarter worth $309,000.

Fox Factory Trading Up 2.2%

Shares of NASDAQ:FOXF traded up $0.57 during mid-day trading on Tuesday, reaching $26.33. 848,307 shares of the company were exchanged, compared to its average volume of 613,263. Fox Factory Holding Corp. has a 1 year low of $17.95 and a 1 year high of $54.86. 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's 50-day simple moving average is $22.42 and its 200 day simple moving average is $27.30. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 101.27, a P/E/G ratio of 1.45 and a beta of 1.54.

Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $355.03 million during the quarter, compared to analyst estimates of $330.71 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.29 earnings per share. Equities research analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

FOXF has been the subject of several recent analyst reports. Jefferies Financial Group reduced their price objective on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Robert W. Baird reduced their price target on Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Truist Financial lowered their price objective on Fox Factory from $40.00 to $24.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Stifel Nicolaus dropped their target price on Fox Factory from $40.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Fox Factory has a consensus rating of "Hold" and an average target price of $35.00.

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.