Bridges Investment Management Inc. increased its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 127.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,455 shares of the company's stock after buying an additional 35,599 shares during the quarter. Bridges Investment Management Inc. owned 0.15% of Fox Factory worth $1,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently added to or reduced their stakes in FOXF. RWWM Inc. grew its position in Fox Factory by 79.0% during the 1st quarter. RWWM Inc. now owns 3,576,560 shares of the company's stock worth $83,477,000 after purchasing an additional 1,579,029 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of Fox Factory by 17.1% during the fourth quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company's stock worth $90,310,000 after buying an additional 434,998 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Fox Factory by 6,413.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,352,242 shares of the company's stock valued at $40,932,000 after buying an additional 1,331,480 shares during the last quarter. Capital World Investors increased its position in shares of Fox Factory by 21.8% in the 4th quarter. Capital World Investors now owns 1,341,155 shares of the company's stock valued at $40,597,000 after acquiring an additional 240,416 shares during the period. Finally, ArrowMark Colorado Holdings LLC raised its stake in Fox Factory by 10.9% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,028,062 shares of the company's stock worth $31,119,000 after acquiring an additional 101,056 shares during the last quarter.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Robert W. Baird lowered their price target on shares of Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. Stifel Nicolaus dropped their price objective on shares of Fox Factory from $40.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Truist Financial boosted their target price on shares of Fox Factory from $28.00 to $34.00 and gave the company a "buy" rating in a research note 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. Based on data from MarketBeat.com, Fox Factory presently has an average rating of "Hold" and an average price target of $36.43.
Check Out Our Latest Stock Analysis on FOXF
Fox Factory Trading Down 0.0%
Shares of NASDAQ FOXF traded down $0.01 during mid-day trading on Friday, reaching $28.93. 389,064 shares of the company's stock were exchanged, compared to its average volume of 605,482. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.36 and a current ratio of 3.18. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of -4.83 and a beta of 1.50. The company's 50-day moving average is $25.63 and its 200-day moving average is $25.41. Fox Factory Holding Corp. has a 52-week low of $17.95 and a 52-week high of $54.86.
Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. Fox Factory had a negative net margin of 17.64% and a positive return on equity of 4.70%. The business had revenue of $355.03 million during the quarter, compared to the consensus estimate of $330.71 million. During the same quarter in the previous year, the firm earned $0.29 EPS. The company's revenue was up 6.5% compared to the same quarter last year. Analysts expect that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.
Fox Factory Profile
(
Free Report)
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.
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