Millennium Management LLC Buys 343,793 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Millennium Management LLC lifted its stake in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 722.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 391,403 shares of the company's stock after purchasing an additional 343,793 shares during the period. Millennium Management LLC owned 0.94% of Fox Factory worth $11,848,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quarry LP purchased a new position in Fox Factory during the 4th quarter valued at about $45,000. KBC Group NV lifted its position in Fox Factory by 80.4% during the 4th quarter. KBC Group NV now owns 2,484 shares of the company's stock valued at $75,000 after acquiring an additional 1,107 shares during the period. TD Waterhouse Canada Inc. purchased a new position in Fox Factory during the 4th quarter valued at about $143,000. Aristides Capital LLC purchased a new position in Fox Factory during the 4th quarter valued at about $206,000. Finally, Magnetar Financial LLC purchased a new position in Fox Factory during the 4th quarter valued at about $206,000.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Stifel Nicolaus lowered their price target on shares of 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 lowered their price target on shares of Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. Jefferies Financial Group reduced their price objective on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Finally, Truist Financial raised their price objective on shares of Fox Factory from $28.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $36.43.

Fox Factory Stock Up 1.1%

NASDAQ:FOXF traded up $0.27 on Thursday, reaching $24.87. 93,730 shares of the stock traded hands, compared to its average volume of 616,341. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 95.75, a PEG ratio of 1.45 and a beta of 1.54. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. Fox Factory Holding Corp. has a 12 month low of $17.95 and a 12 month high of $54.86. The company's fifty day simple moving average is $22.38 and its 200 day simple moving average is $26.56.

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