Two Sigma Investments LP Purchases 51,711 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Two Sigma Investments LP raised its stake in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 52.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 150,078 shares of the company's stock after purchasing an additional 51,711 shares during the quarter. Two Sigma Investments LP owned 0.36% of Fox Factory worth $4,543,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in Fox Factory during the 4th quarter valued at $2,543,000. Advantage Alpha Capital Partners LP grew its stake in shares of Fox Factory by 30.8% in the fourth quarter. Advantage Alpha Capital Partners LP now owns 68,221 shares of the company's stock worth $2,065,000 after purchasing an additional 16,081 shares during the last quarter. Caprock Group LLC increased its holdings in Fox Factory by 133.7% during the 4th quarter. Caprock Group LLC now owns 22,396 shares of the company's stock valued at $678,000 after purchasing an additional 12,813 shares during the period. Mutual of America Capital Management LLC raised its position in Fox Factory by 1,569.2% during the 4th quarter. Mutual of America Capital Management LLC now owns 104,657 shares of the company's stock valued at $3,168,000 after purchasing an additional 98,387 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Fox Factory by 13.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 622,745 shares of the company's stock valued at $18,850,000 after purchasing an additional 73,110 shares during the last quarter.

Fox Factory Stock Up 2.4%

FOXF traded up $0.61 during midday trading on Friday, reaching $25.59. The company's stock had a trading volume of 736,299 shares, compared to its average volume of 621,756. Fox Factory Holding Corp. has a 1 year low of $17.95 and a 1 year high of $54.86. The stock's 50-day moving average is $22.37 and its 200-day moving average is $26.34. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 98.43, 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 (NASDAQ:FOXF - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The company had revenue of $355.03 million for the quarter, compared to the consensus estimate of $330.71 million. During the same quarter in the prior year, the business posted $0.29 EPS. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. As a group, research analysts expect that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FOXF. Truist Financial boosted their target price on Fox Factory from $28.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Stifel Nicolaus dropped their target price 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 cut their target price on shares of Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. Finally, Jefferies Financial Group decreased their price target 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. Five investment 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 company currently has a consensus rating of "Hold" and an average target price of $36.43.

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.