Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. grew its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 46.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 821,380 shares of the company's stock after acquiring an additional 261,140 shares during the period. D. E. Shaw & Co. Inc. owned about 1.97% of Fox Factory worth $24,863,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. William Blair Investment Management LLC lifted its position in shares of Fox Factory by 17.1% during the 4th quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company's stock valued at $90,310,000 after acquiring an additional 434,998 shares during the period. RWWM Inc. raised its position in shares of Fox Factory by 174.0% during the 4th quarter. RWWM Inc. now owns 1,997,531 shares of the company's stock worth $60,465,000 after purchasing an additional 1,268,460 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Fox Factory by 6,413.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,352,242 shares of the company's stock worth $40,932,000 after purchasing an additional 1,331,480 shares during the last quarter. Capital World Investors raised its position in shares of Fox Factory by 21.8% during the 4th quarter. Capital World Investors now owns 1,341,155 shares of the company's stock worth $40,597,000 after purchasing an additional 240,416 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC raised its position in shares of Fox Factory by 10.9% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,028,062 shares of the company's stock worth $31,119,000 after purchasing an additional 101,056 shares during the last quarter.

Fox Factory Trading Down 2.1%

Shares of NASDAQ FOXF traded down $0.54 during trading on Thursday, hitting $25.78. 677,351 shares of the company traded hands, compared to its average volume of 614,189. Fox Factory Holding Corp. has a 1 year low of $17.95 and a 1 year high of $54.86. The company has a 50-day moving average price of $22.41 and a 200-day moving average price of $27.29. The firm has a market capitalization of $1.08 billion, a P/E ratio of 99.16, a P/E/G ratio of 1.45 and a beta of 1.54. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FOXF. Robert W. Baird cut their price objective on Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. Stifel Nicolaus cut their price objective on Fox Factory from $40.00 to $34.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Truist Financial lifted their price objective on Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Jefferies Financial Group lowered their target price 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. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $36.43.

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.