Deutsche Bank AG Has $2.65 Million Stock Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Deutsche Bank AG grew its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,475 shares of the company's stock after acquiring an additional 11,840 shares during the period. Deutsche Bank AG owned 0.21% of Fox Factory worth $2,648,000 as of its most recent SEC filing.

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

Fox Factory Stock Performance

NASDAQ FOXF traded up $0.96 during trading on Tuesday, hitting $24.99. The company's stock had a trading volume of 530,003 shares, compared to its average volume of 618,285. Fox Factory Holding Corp. has a 52 week low of $17.95 and a 52 week high of $54.86. The firm has a market cap of $1.04 billion, a P/E ratio of 96.12, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The firm has a 50 day moving average price of $22.39 and a 200 day moving average price of $26.57. 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, topping the consensus estimate of $0.22 by $0.01. The business had revenue of $355.03 million for 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%. Fox Factory's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted $0.29 earnings per share. Equities research analysts forecast that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Truist Financial raised their price objective on Fox Factory from $28.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Stifel Nicolaus dropped their price target on shares of Fox Factory from $40.00 to $34.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Robert W. Baird reduced their price objective on shares of Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Finally, Jefferies Financial Group decreased their price objective on shares of 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $36.43.

Fox Factory Company 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.