Mutual of America Capital Management LLC raised its position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 51.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 158,379 shares of the company's stock after buying an additional 53,722 shares during the period. Mutual of America Capital Management LLC owned about 0.38% of Fox Factory worth $3,697,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Bridges Investment Management Inc. grew its position in shares of Fox Factory by 127.8% in the first quarter. Bridges Investment Management Inc. now owns 63,455 shares of the company's stock valued at $1,481,000 after purchasing an additional 35,599 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Fox Factory by 474.4% in the first quarter. Nisa Investment Advisors LLC now owns 1,993 shares of the company's stock valued at $47,000 after purchasing an additional 1,646 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Fox Factory by 29.1% in the first quarter. Envestnet Asset Management Inc. now owns 163,301 shares of the company's stock valued at $3,811,000 after purchasing an additional 36,788 shares in the last quarter. Eukles Asset Management grew its position in shares of Fox Factory by 80.3% in the first quarter. Eukles Asset Management now owns 2,265 shares of the company's stock valued at $53,000 after purchasing an additional 1,009 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Fox Factory by 2.6% in the first quarter. Principal Financial Group Inc. now owns 231,030 shares of the company's stock valued at $5,392,000 after purchasing an additional 5,863 shares in the last quarter.
Fox Factory Trading Up 2.1%
FOXF stock traded up $0.53 during midday trading on Monday, hitting $26.33. 359,549 shares of the company's stock were exchanged, compared to its average volume of 609,601. The stock has a market capitalization of $1.10 billion, a PE ratio of -4.40 and a beta of 1.50. The company has a current ratio of 3.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.73. Fox Factory Holding Corp. has a 1-year low of $17.95 and a 1-year high of $54.86. The business has a 50-day simple moving average of $26.14 and a two-hundred day simple moving average of $25.23.
Fox Factory (NASDAQ:FOXF - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. Fox Factory had a positive return on equity of 4.70% and a negative net margin of 17.64%. The company had revenue of $355.03 million for the quarter, compared to analysts' expectations of $330.71 million. During the same period in the prior year, the firm earned $0.29 earnings per share. The firm's revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts predict that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.
Analyst Ratings Changes
FOXF has been the subject of a number of analyst reports. Stifel Nicolaus dropped 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 dropped their price target on 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 increased their price objective on Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $36.43.
View Our Latest Research Report on Fox Factory
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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