ArrowMark Colorado Holdings LLC Boosts Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

ArrowMark Colorado Holdings LLC raised its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,028,062 shares of the company's stock after acquiring an additional 101,056 shares during the period. ArrowMark Colorado Holdings LLC owned about 2.47% of Fox Factory worth $31,119,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its stake in shares of Fox Factory by 6,413.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,352,242 shares of the company's stock worth $40,932,000 after purchasing an additional 1,331,480 shares during the last quarter. RWWM Inc. grew its stake 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 worth $60,465,000 after acquiring an additional 1,268,460 shares during the period. Nantahala Capital Management LLC purchased a new stake in Fox Factory in the 4th quarter worth about $19,252,000. William Blair Investment Management LLC lifted its holdings in Fox Factory by 17.1% during the fourth quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company's stock valued at $90,310,000 after purchasing an additional 434,998 shares during the last quarter. Finally, Capital World Investors boosted its position in Fox Factory by 21.8% during the fourth quarter. Capital World Investors now owns 1,341,155 shares of the company's stock worth $40,597,000 after purchasing an additional 240,416 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Truist Financial cut their price target on Fox Factory from $40.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th. Stifel Nicolaus cut their price objective 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. Jefferies Financial Group cut their price target on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a report on Friday, February 28th. Finally, Robert W. Baird lowered their price objective on 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 issued a buy rating to the company. According to data from MarketBeat, Fox Factory presently has a consensus rating of "Hold" and a consensus target price of $35.00.

Fox Factory Trading Up 4.8 %

Shares of Fox Factory stock traded up $0.98 during trading on Thursday, reaching $21.30. 322,018 shares of the stock were exchanged, compared to its average volume of 606,103. Fox Factory Holding Corp. has a 1 year low of $17.95 and a 1 year high of $54.86. The firm has a market cap of $888.47 million, a price-to-earnings ratio of 81.93, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. The stock's fifty day moving average is $22.60 and its 200 day moving average is $27.73.

Fox Factory (NASDAQ:FOXF - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $321.31 million. As a group, equities research analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal 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.