Two Sigma Advisers LP Takes Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Two Sigma Advisers LP purchased a new position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,500 shares of the company's stock, valued at approximately $378,000.

A number of other large investors also recently modified their holdings of FOXF. Barclays PLC lifted its holdings in shares of Fox Factory by 474.7% during the third quarter. Barclays PLC now owns 122,806 shares of the company's stock worth $5,097,000 after buying an additional 101,437 shares during the last quarter. KBC Group NV lifted its holdings in shares of Fox Factory by 80.4% during the fourth quarter. KBC Group NV now owns 2,484 shares of the company's stock worth $75,000 after buying an additional 1,107 shares during the last quarter. Angeles Wealth Management LLC acquired a new position in shares of Fox Factory during the fourth quarter worth approximately $1,710,000. Rhumbline Advisers lifted its holdings in shares of Fox Factory by 1.4% during the fourth quarter. Rhumbline Advisers now owns 129,275 shares of the company's stock worth $3,913,000 after buying an additional 1,790 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Fox Factory by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 225,167 shares of the company's stock valued at $6,816,000 after purchasing an additional 8,162 shares during the period.

Fox Factory Price Performance

Shares of NASDAQ FOXF traded up $0.11 during midday trading on Friday, reaching $26.47. 776,409 shares of the company traded hands, compared to its average volume of 626,697. The firm has a market cap of $1.10 billion, a PE ratio of 101.81, a PEG ratio of 1.45 and a beta of 1.52. The stock's 50-day simple moving average is $22.46 and its 200-day simple moving average is $26.25. Fox Factory Holding Corp. has a 12 month low of $17.95 and a 12 month high of $54.86. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21.

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

Analysts Set New Price Targets

Several brokerages have issued reports on FOXF. Jefferies Financial Group lowered 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. Truist Financial upped their target price 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. 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. Finally, Stifel Nicolaus lowered their price objective on Fox Factory from $40.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Fox Factory presently has a consensus rating of "Hold" and an average price target 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.