Fox Factory Holding Corp. (NASDAQ:FOXF) Holdings Raised by RWWM Inc.

RWWM Inc. boosted its stake in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 79.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,576,560 shares of the company's stock after acquiring an additional 1,579,029 shares during the period. Fox Factory accounts for about 6.7% of RWWM Inc.'s holdings, making the stock its 8th biggest position. RWWM Inc. owned approximately 8.57% of Fox Factory worth $83,477,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FOXF. Swiss National Bank lifted its holdings in Fox Factory by 0.9% in the fourth quarter. Swiss National Bank now owns 82,000 shares of the company's stock valued at $2,482,000 after acquiring an additional 700 shares during the period. Versant Capital Management Inc raised its holdings in shares of Fox Factory by 142.8% in the first quarter. Versant Capital Management Inc now owns 1,372 shares of the company's stock worth $32,000 after acquiring an additional 807 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Fox Factory by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,039 shares of the company's stock valued at $728,000 after purchasing an additional 816 shares in the last quarter. GAMMA Investing LLC boosted its position in Fox Factory by 254.1% during the first quarter. GAMMA Investing LLC now owns 1,696 shares of the company's stock worth $40,000 after acquiring an additional 1,217 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of Fox Factory by 6.0% during the fourth quarter. MetLife Investment Management LLC now owns 25,737 shares of the company's stock worth $779,000 after purchasing an additional 1,454 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently commented on FOXF. Stifel Nicolaus dropped their target price 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. Truist Financial upped their price objective 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. Jefferies Financial Group cut their price objective on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Finally, Robert W. Baird decreased their target price on shares of Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Five equities research 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 an average rating of "Hold" and an average target price of $36.43.

Fox Factory Trading Down 1.4%

FOXF stock traded down $0.35 during midday trading on Wednesday, reaching $24.72. 534,194 shares of the company's stock traded hands, compared to its average volume of 626,834. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.18 and a quick ratio of 1.36. Fox Factory Holding Corp. has a fifty-two week low of $17.95 and a fifty-two week high of $54.86. The business has a 50-day moving average price of $23.35 and a two-hundred day moving average price of $25.90. The company has a market capitalization of $1.03 billion, a P/E ratio of -4.13 and a beta of 1.52.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $330.71 million. During the same quarter last year, the firm posted $0.29 EPS. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. Equities research analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

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.