Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 29.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,301 shares of the company's stock after purchasing an additional 36,788 shares during the period. Envestnet Asset Management Inc. owned approximately 0.39% of Fox Factory worth $3,811,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. RWWM Inc. increased its position in shares of Fox Factory by 79.0% during the first quarter. RWWM Inc. now owns 3,576,560 shares of the company's stock worth $83,477,000 after acquiring an additional 1,579,029 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Fox Factory by 6,413.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,352,242 shares of the company's stock worth $40,932,000 after acquiring an additional 1,331,480 shares during the period. Capital World Investors increased its position in shares of Fox Factory by 21.8% during the fourth quarter. Capital World Investors now owns 1,341,155 shares of the company's stock worth $40,597,000 after acquiring an additional 240,416 shares during the period. ArrowMark Colorado Holdings LLC increased its position in shares of Fox Factory by 10.9% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,028,062 shares of the company's stock worth $31,119,000 after acquiring an additional 101,056 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Fox Factory by 46.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 821,380 shares of the company's stock worth $24,863,000 after acquiring an additional 261,140 shares during the period.

Analysts Set New Price Targets

FOXF has been the topic of a number of recent research reports. Robert W. Baird cut their price objective on Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Stifel Nicolaus dropped their target price on Fox Factory from $40.00 to $34.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Truist Financial increased their target price on Fox Factory from $28.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $36.43.

Fox Factory Stock Performance

NASDAQ:FOXF opened at $30.18 on Friday. The firm has a market capitalization of $1.26 billion, a PE ratio of -5.04 and a beta of 1.50. The business's fifty day moving average price is $26.44 and its 200 day moving average price is $25.24. 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 12 month low of $17.95 and a 12 month high of $54.85.

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

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