Mutual of America Capital Management LLC Acquires 53,722 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Mutual of America Capital Management LLC grew its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 51.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 158,379 shares of the company's stock after purchasing an additional 53,722 shares during the period. Mutual of America Capital Management LLC owned approximately 0.38% of Fox Factory worth $3,697,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc boosted its position in shares of Fox Factory by 142.8% in the 1st quarter. Versant Capital Management Inc now owns 1,372 shares of the company's stock worth $32,000 after buying an additional 807 shares in the last quarter. Quarry LP purchased a new position in Fox Factory in the 4th quarter valued at about $45,000. GAMMA Investing LLC lifted its holdings in Fox Factory by 254.1% in the 1st quarter. GAMMA Investing LLC now owns 1,696 shares of the company's stock valued at $40,000 after purchasing an additional 1,217 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in Fox Factory by 113.8% in the 1st quarter. First Horizon Advisors Inc. now owns 1,950 shares of the company's stock valued at $46,000 after purchasing an additional 1,038 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Fox Factory by 474.4% in the 1st 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.

Fox Factory Stock Performance

FOXF stock traded down $0.05 during mid-day trading on Friday, reaching $25.80. The company had a trading volume of 493,759 shares, compared to its average volume of 610,604. The company has a quick ratio of 1.36, a current ratio of 3.18 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $1.08 billion, a P/E ratio of -4.31 and a beta of 1.50. Fox Factory Holding Corp. has a one year low of $17.95 and a one year high of $54.86. The stock's 50-day simple moving average is $26.14 and its two-hundred day simple moving average is $25.23.

Fox Factory (NASDAQ:FOXF - Get Free Report) last posted 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. The business had revenue of $355.03 million during the quarter, compared to the consensus estimate of $330.71 million. Fox Factory had a negative net margin of 17.64% and a positive return on equity of 4.70%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.29 earnings per share. Research analysts anticipate that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Analyst Ratings Changes

FOXF has been the topic of a number of recent research reports. Robert W. Baird reduced their target price 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. Truist Financial increased their price objective on shares of Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Finally, Stifel Nicolaus cut their price objective on shares of Fox Factory from $40.00 to $34.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $36.43.

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.