Voloridge Investment Management LLC Grows Stake in Fox Factory Holding Corp. (NASDAQ:FOXF)

Voloridge Investment Management LLC increased its stake in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 31.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 617,352 shares of the company's stock after acquiring an additional 148,925 shares during the quarter. Voloridge Investment Management LLC owned about 1.48% of Fox Factory worth $18,687,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FOXF. Quarry LP purchased a new position in Fox Factory in the fourth quarter worth $45,000. KBC Group NV grew its position in shares of Fox Factory by 80.4% in the fourth 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. purchased a new stake in Fox Factory during the 4th quarter worth about $143,000. Magnetar Financial LLC purchased a new stake in Fox Factory during the 4th quarter worth about $206,000. Finally, Aristides Capital LLC purchased a new stake in Fox Factory during the 4th quarter worth about $206,000.

Fox Factory Trading Down 0.3%

FOXF traded down $0.09 on Wednesday, hitting $24.91. 88,701 shares of the company were exchanged, compared to its average volume of 616,199. The stock has a market capitalization of $1.04 billion, a PE ratio of 96.02, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. Fox Factory Holding Corp. has a 12 month low of $17.95 and a 12 month high of $54.86. The firm has a fifty day simple moving average of $22.39 and a two-hundred day simple moving average of $26.57. 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 (NASDAQ:FOXF - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.23 EPS for the quarter, topping 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 company had revenue of $355.03 million during the quarter, compared to analyst estimates of $330.71 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. Fox Factory's revenue was up 6.5% compared to the same quarter last year. Sell-side analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FOXF has been the topic of a number of recent research reports. Robert W. Baird dropped their price objective on 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 upped their target price on Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Stifel Nicolaus decreased their target price on Fox Factory from $40.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Jefferies Financial Group decreased their target price on Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price 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.