Lazard Asset Management LLC Makes New Investment in Fox Factory Holding Corp. (NASDAQ:FOXF)

Lazard Asset Management LLC acquired a new stake in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 20,017 shares of the company's stock, valued at approximately $605,000.

Other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Fox Factory in the 4th quarter valued at $2,543,000. Advantage Alpha Capital Partners LP boosted its stake in shares of Fox Factory by 30.8% in the 4th quarter. Advantage Alpha Capital Partners LP now owns 68,221 shares of the company's stock valued at $2,065,000 after purchasing an additional 16,081 shares in the last quarter. Caprock Group LLC boosted its stake in shares of Fox Factory by 133.7% in the 4th quarter. Caprock Group LLC now owns 22,396 shares of the company's stock valued at $678,000 after purchasing an additional 12,813 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Fox Factory by 1,569.2% in the 4th quarter. Mutual of America Capital Management LLC now owns 104,657 shares of the company's stock valued at $3,168,000 after purchasing an additional 98,387 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Fox Factory by 13.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 622,745 shares of the company's stock valued at $18,850,000 after buying an additional 73,110 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FOXF shares. Truist Financial raised their price target 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. Jefferies Financial Group cut their price target 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. Stifel Nicolaus cut their price target 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. Finally, Robert W. Baird cut their price target 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. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $36.43.

Fox Factory Trading Up 4.0%

Shares of NASDAQ:FOXF traded up $0.96 on Tuesday, hitting $24.99. The company had a trading volume of 530,003 shares, compared to its average volume of 618,285. The firm's 50-day simple moving average is $22.39 and its two-hundred day simple moving average is $26.57. Fox Factory Holding Corp. has a 1 year low of $17.95 and a 1 year high of $54.86. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 96.12, a P/E/G ratio of 1.45 and a beta of 1.54.

Fox Factory (NASDAQ:FOXF - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. The business had revenue of $355.03 million for the quarter, compared to analysts' expectations of $330.71 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The business's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 earnings per share. Equities analysts anticipate that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Fox Factory 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.