Point72 Asset Management L.P. Purchases New Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Point72 Asset Management L.P. purchased a new stake in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 22,156 shares of the company's stock, valued at approximately $671,000. Point72 Asset Management L.P. owned approximately 0.05% of Fox Factory as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in FOXF. The Manufacturers Life Insurance Company grew its stake in shares of Fox Factory by 6,413.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,352,242 shares of the company's stock valued at $40,932,000 after buying an additional 1,331,480 shares in the last quarter. RWWM Inc. lifted its holdings in Fox Factory by 174.0% in the 4th quarter. RWWM Inc. now owns 1,997,531 shares of the company's stock worth $60,465,000 after purchasing an additional 1,268,460 shares during the last quarter. Nantahala Capital Management LLC acquired a new stake in Fox Factory in the 4th quarter worth approximately $19,252,000. William Blair Investment Management LLC lifted its holdings in Fox Factory by 17.1% in the 4th quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company's stock worth $90,310,000 after purchasing an additional 434,998 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Fox Factory by 722.1% in the 4th quarter. Millennium Management LLC now owns 391,403 shares of the company's stock worth $11,848,000 after purchasing an additional 343,793 shares during the last quarter.

Fox Factory Stock Performance

Shares of NASDAQ FOXF opened at $24.42 on Friday. The business has a fifty day simple moving average of $22.43 and a 200 day simple moving average of $26.85. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 93.93, a PEG ratio of 1.45 and a beta of 1.54. Fox Factory Holding Corp. has a one year low of $17.95 and a one year high of $54.86.

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

Wall Street Analyst Weigh In

FOXF has been the subject of a number of research analyst reports. Jefferies Financial Group cut their price target on Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a report on Friday, February 28th. Robert W. Baird cut their price target on Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a report on Friday, April 4th. Truist Financial upped their price target on 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 target on Fox Factory from $40.00 to $34.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Fox Factory has a consensus rating of "Hold" and a consensus target price of $36.43.

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.

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