Formula Growth Ltd. bought a new stake 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. The institutional investor bought 30,000 shares of the company's stock, valued at approximately $908,000. Formula Growth Ltd. owned 0.07% of Fox Factory as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of FOXF. CANADA LIFE ASSURANCE Co boosted its position in shares of Fox Factory by 4.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 41,101 shares of the company's stock worth $1,244,000 after acquiring an additional 1,890 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Fox Factory during the 4th quarter worth $1,091,000. XTX Topco Ltd acquired a new stake in Fox Factory in the fourth quarter valued at about $234,000. RWWM Inc. grew its position in Fox Factory by 174.0% in the fourth quarter. RWWM Inc. now owns 1,997,531 shares of the company's stock valued at $60,465,000 after acquiring an additional 1,268,460 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Fox Factory during the fourth quarter worth about $2,543,000.
Analysts Set New Price Targets
FOXF has been the topic of several research reports. Jefferies Financial Group decreased 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. Robert W. Baird cut 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 dropped their price objective on shares of Fox Factory from $40.00 to $34.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Truist Financial dropped their price target on shares of Fox Factory from $40.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Five equities research 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 stock has an average rating of "Hold" and an average price target of $35.00.
View Our Latest Stock Report on FOXF
Fox Factory Trading Up 3.8 %
Shares of NASDAQ:FOXF traded up $0.78 during trading on Thursday, reaching $21.13. The stock had a trading volume of 127,003 shares, compared to its average volume of 617,739. Fox Factory Holding Corp. has a 52 week low of $17.95 and a 52 week high of $54.86. The firm's fifty day moving average is $23.72 and its 200 day moving average is $29.06. The stock has a market cap of $881.37 million, a price-to-earnings ratio of 81.27, a P/E/G ratio of 1.45 and a beta of 1.56. 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 announced its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.02. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The company had revenue of $352.84 million for the quarter, compared to the consensus estimate of $321.31 million. As a group, equities analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.
About Fox Factory
(
Free Report)
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.
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