FORA Capital LLC Increases Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

FORA Capital LLC raised its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 144.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,251 shares of the company's stock after buying an additional 13,134 shares during the period. FORA Capital LLC owned about 0.05% of Fox Factory worth $674,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in FOXF. The Manufacturers Life Insurance Company boosted 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 worth $40,932,000 after buying an additional 1,331,480 shares during the last quarter. RWWM Inc. increased its position in shares of Fox Factory by 174.0% during the 4th quarter. RWWM Inc. now owns 1,997,531 shares of the company's stock valued at $60,465,000 after purchasing an additional 1,268,460 shares during the last quarter. Nantahala Capital Management LLC bought a new stake in shares of Fox Factory during the 4th quarter worth $19,252,000. William Blair Investment Management LLC boosted its holdings in shares of 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 buying an additional 434,998 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in Fox Factory by 46.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 821,380 shares of the company's stock valued at $24,863,000 after buying an additional 261,140 shares during the period.

Fox Factory Trading Down 1.7%

Shares of NASDAQ:FOXF traded down $0.44 during trading on Thursday, reaching $25.88. 332,339 shares of the company traded hands, compared to its average volume of 612,867. 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 52-week low of $17.95 and a 52-week high of $54.86. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 99.56, a P/E/G ratio of 1.45 and a beta of 1.54. The business's fifty day moving average is $22.41 and its 200-day moving average is $27.29.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Stifel Nicolaus dropped 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. Jefferies Financial Group decreased their target price on Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Truist Financial upped 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. Finally, Robert W. Baird reduced their price target on shares of Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average 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.