BNP Paribas Financial Markets Raises Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

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

Several other large investors have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Fox Factory in the 4th quarter valued at approximately $2,543,000. Advantage Alpha Capital Partners LP increased its stake in shares of Fox Factory by 30.8% in the 4th quarter. Advantage Alpha Capital Partners LP now owns 68,221 shares of the company's stock worth $2,065,000 after acquiring an additional 16,081 shares in the last quarter. Caprock Group LLC increased its stake in shares of Fox Factory by 133.7% in the 4th quarter. Caprock Group LLC now owns 22,396 shares of the company's stock worth $678,000 after acquiring an additional 12,813 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in Fox Factory by 1,569.2% during the 4th quarter. Mutual of America Capital Management LLC now owns 104,657 shares of the company's stock valued at $3,168,000 after acquiring an additional 98,387 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Fox Factory by 13.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 622,745 shares of the company's stock worth $18,850,000 after acquiring an additional 73,110 shares in the last quarter.

Fox Factory Stock Performance

FOXF traded up $0.55 during trading on Tuesday, hitting $24.58. The company's stock had a trading volume of 29,152 shares, compared to its average volume of 616,350. The business's 50 day simple moving average is $22.39 and its 200-day simple moving average is $26.58. The firm has a market cap of $1.03 billion, a PE ratio of 94.47, a P/E/G ratio of 1.45 and a beta of 1.54. Fox Factory Holding Corp. has a one year low of $17.95 and a one year high of $54.86. 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 posted its quarterly earnings data on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The firm had revenue of $355.03 million for the quarter, compared to analysts' expectations of $330.71 million. During the same period in the previous year, the firm earned $0.29 EPS. The business's quarterly revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts predict that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Jefferies Financial Group decreased 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. Stifel Nicolaus lowered their price target 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. Robert W. Baird reduced their price target on shares of Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. Finally, Truist Financial upped their price objective on Fox Factory from $28.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus 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.