BNP Paribas Financial Markets Boosts Stake in Fox Factory Holding Corp. (NASDAQ:FOXF)

BNP Paribas Financial Markets raised its stake in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 131.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,846 shares of the company's stock after acquiring an additional 15,823 shares during the quarter. BNP Paribas Financial Markets owned about 0.07% of Fox Factory worth $843,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP acquired a new stake in Fox Factory during the 4th quarter worth approximately $45,000. KBC Group NV increased its position in Fox Factory by 80.4% during the 4th quarter. KBC Group NV now owns 2,484 shares of the company's stock worth $75,000 after buying an additional 1,107 shares during the period. TD Waterhouse Canada Inc. acquired a new stake in shares of Fox Factory during the fourth quarter worth $143,000. Magnetar Financial LLC bought a new stake in shares of Fox Factory in the fourth quarter valued at about $206,000. Finally, Aristides Capital LLC acquired a new position in shares of Fox Factory in the fourth quarter valued at about $206,000.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Truist Financial lifted their price objective on shares of Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Stifel Nicolaus cut their price target on Fox Factory from $40.00 to $34.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. 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. Finally, Jefferies Financial Group dropped their price objective on Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a report on Friday, February 28th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Fox Factory has a consensus rating of "Hold" and an average price target of $36.43.

Fox Factory Price Performance

Shares of Fox Factory stock traded up $0.96 during trading on Tuesday, reaching $24.99. 530,003 shares of the company's stock were exchanged, compared to its average volume of 618,285. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. The company has a market cap of $1.04 billion, a P/E ratio of 96.12, a PEG ratio of 1.45 and a beta of 1.54. Fox Factory Holding Corp. has a 1-year low of $17.95 and a 1-year high of $54.86. The firm's 50-day moving average price is $22.39 and its 200 day moving average price is $26.57.

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