Point72 Asset Management L.P. Invests $671,000 in Fox Factory Holding Corp. (NASDAQ:FOXF)

Point72 Asset Management L.P. acquired a new stake in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 22,156 shares of the company's stock, valued at approximately $671,000. Point72 Asset Management L.P. owned 0.05% of Fox Factory at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. ProShare Advisors LLC grew its stake in shares of Fox Factory by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 12,732 shares of the company's stock worth $385,000 after purchasing an additional 3,922 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new stake in Fox Factory in the 4th quarter worth approximately $349,000. 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 buying an additional 343,793 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Fox Factory by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,039 shares of the company's stock worth $728,000 after buying an additional 816 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of Fox Factory during the fourth quarter valued at approximately $605,000.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Robert W. Baird dropped their price target on Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Truist Financial raised their target price on shares of Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Stifel Nicolaus decreased 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 note on Thursday, April 10th. Finally, Jefferies Financial Group cut their price objective on Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a research report 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 an average rating of "Hold" and a consensus target price of $36.43.

Fox Factory Stock Down 0.1%

NASDAQ FOXF traded down $0.02 during trading hours on Wednesday, reaching $24.97. 71,911 shares of the company's stock traded hands, compared to its average volume of 616,131. Fox Factory Holding Corp. has a 52-week low of $17.95 and a 52-week high of $54.86. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The firm has a 50-day simple moving average of $22.39 and a 200 day simple moving average of $26.57. The firm has a market cap of $1.04 billion, a PE ratio of 96.14, a PEG ratio of 1.45 and a beta of 1.54.

Fox Factory (NASDAQ:FOXF - Get Free Report) last announced its earnings results 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 the consensus estimate of $330.71 million. During the same quarter last year, the firm earned $0.29 earnings per share. The business's revenue for the quarter was up 6.5% on a year-over-year basis. Sell-side analysts anticipate that Fox Factory Holding Corp. will post 1.31 EPS 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.