Dimensional Fund Advisors LP Acquires 44,226 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Dimensional Fund Advisors LP increased its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 783,667 shares of the company's stock after purchasing an additional 44,226 shares during the period. Dimensional Fund Advisors LP owned approximately 1.88% of Fox Factory worth $23,721,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. RWWM Inc. boosted its holdings in Fox Factory by 174.0% during 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 period. William Blair Investment Management LLC raised its stake 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 valued at $90,310,000 after buying an additional 434,998 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Fox Factory by 595.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 247,435 shares of the company's stock worth $7,490,000 after purchasing an additional 211,864 shares in the last quarter. JPMorgan Chase & Co. raised its position in Fox Factory by 271.6% in the third quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company's stock worth $7,921,000 after purchasing an additional 139,512 shares in the last quarter. Finally, Barclays PLC raised its position in Fox Factory by 474.7% in the third quarter. Barclays PLC now owns 122,806 shares of the company's stock worth $5,097,000 after purchasing an additional 101,437 shares in the last quarter.

Fox Factory Trading Up 8.2%

Shares of Fox Factory stock traded up $1.96 during trading on Monday, hitting $25.74. The company's stock had a trading volume of 130,289 shares, compared to its average volume of 589,768. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 99.12, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The stock has a 50-day moving average price of $22.43 and a two-hundred day moving average price of $27.38. Fox Factory Holding Corp. has a 52 week low of $17.95 and a 52 week high of $54.85.

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

Analyst Upgrades and Downgrades

FOXF has been the topic of several research analyst reports. Truist Financial decreased their target price on Fox Factory from $40.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Robert W. Baird cut their target price on Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. Jefferies Financial Group reduced their price target on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Finally, Stifel Nicolaus decreased their price objective on Fox Factory from $40.00 to $34.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $35.00.

Fox Factory Company 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.