Deutsche Bank AG Boosts Stock Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Deutsche Bank AG grew its position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 87,475 shares of the company's stock after purchasing an additional 11,840 shares during the quarter. Deutsche Bank AG owned approximately 0.21% of Fox Factory worth $2,648,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of FOXF. Quarry LP acquired a new stake in Fox Factory during the 4th quarter worth about $45,000. KBC Group NV grew its stake in Fox Factory by 80.4% during the fourth quarter. KBC Group NV now owns 2,484 shares of the company's stock worth $75,000 after purchasing an additional 1,107 shares during the period. TD Waterhouse Canada Inc. acquired a new position in Fox Factory in the fourth quarter valued at approximately $143,000. Aristides Capital LLC bought a new position in shares of Fox Factory during the 4th quarter worth approximately $206,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Fox Factory during the 4th quarter worth approximately $206,000.

Fox Factory Stock Up 2.3%

Shares of Fox Factory stock traded up $0.55 on Tuesday, hitting $24.58. The company had a trading volume of 29,152 shares, compared to its average volume of 616,350. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 94.47, a P/E/G ratio of 1.45 and a beta of 1.54. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. Fox Factory Holding Corp. has a 1 year low of $17.95 and a 1 year high of $54.86. The stock has a 50 day moving average of $22.39 and a 200-day moving average of $26.58.

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, beating the consensus estimate of $0.22 by $0.01. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The business had revenue of $355.03 million for the quarter, compared to analysts' expectations of $330.71 million. During the same period last year, the business earned $0.29 EPS. The business's revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Analyst Ratings Changes

FOXF has been the topic of a number of research reports. 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 report on Wednesday, May 14th. Robert W. Baird dropped their price objective 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. Jefferies Financial Group reduced their target price on Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Finally, Stifel Nicolaus decreased their target price 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. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $36.43.

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.