Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC raised its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 41.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 88,766 shares of the company's stock after acquiring an additional 26,009 shares during the period. Squarepoint Ops LLC owned approximately 0.21% of Fox Factory worth $2,687,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Swiss National Bank boosted its stake in Fox Factory by 0.9% during the fourth quarter. Swiss National Bank now owns 82,000 shares of the company's stock worth $2,482,000 after buying an additional 700 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Fox Factory by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,039 shares of the company's stock worth $728,000 after acquiring an additional 816 shares during the period. KBC Group NV raised its holdings in shares of Fox Factory by 80.4% during the 4th quarter. KBC Group NV now owns 2,484 shares of the company's stock worth $75,000 after acquiring an additional 1,107 shares during the period. MetLife Investment Management LLC boosted its position in shares of Fox Factory by 6.0% during the 4th quarter. MetLife Investment Management LLC now owns 25,737 shares of the company's stock valued at $779,000 after acquiring an additional 1,454 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Fox Factory in the fourth quarter valued at about $45,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FOXF shares. Jefferies Financial Group reduced their target price on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Robert W. Baird decreased their price objective on Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. Stifel Nicolaus cut their target price on 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, Truist Financial upped their price target on Fox Factory from $28.00 to $34.00 and gave the company a "buy" rating in a research note 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $36.43.

Fox Factory Stock Up 2.4%

FOXF traded up $0.61 on Friday, hitting $25.59. 736,299 shares of the company were exchanged, compared to its average volume of 621,756. The firm has a 50-day moving average price of $22.37 and a two-hundred day moving average price of $26.34. 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 twelve month low of $17.95 and a twelve month high of $54.86. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 98.43, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54.

Fox Factory (NASDAQ:FOXF - Get Free Report) last released its earnings results 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. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The firm had revenue of $355.03 million for the quarter, compared to analyst estimates of $330.71 million. During the same period in the prior year, the firm earned $0.29 earnings per share. The business's quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities analysts predict that Fox Factory Holding Corp. will post 1.31 earnings per share for the current 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.