Invesco Ltd. Has $5.28 Million Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Invesco Ltd. grew its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 39.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 174,525 shares of the company's stock after acquiring an additional 49,139 shares during the quarter. Invesco Ltd. owned 0.42% of Fox Factory worth $5,283,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FOXF. Diversify Wealth Management LLC boosted its position in Fox Factory by 10.1% during the 4th quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company's stock worth $207,000 after buying an additional 680 shares during the period. Swiss National Bank raised its position in Fox Factory by 0.9% during the 4th quarter. Swiss National Bank now owns 82,000 shares of the company's stock worth $2,482,000 after purchasing an additional 700 shares during the last quarter. KBC Group NV grew its position in shares of Fox Factory by 80.4% in the 4th quarter. KBC Group NV now owns 2,484 shares of the company's stock valued at $75,000 after buying an additional 1,107 shares during the last quarter. Rhumbline Advisers grew its position in shares of Fox Factory by 1.4% in the 4th quarter. Rhumbline Advisers now owns 129,275 shares of the company's stock valued at $3,913,000 after buying an additional 1,790 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in shares of Fox Factory by 18.8% during the fourth quarter. Handelsbanken Fonder AB now owns 15,830 shares of the company's stock worth $479,000 after acquiring an additional 2,500 shares during the last quarter.

Fox Factory Stock Up 2.6 %

NASDAQ:FOXF traded up $0.54 during trading hours on Thursday, reaching $20.85. The company had a trading volume of 46,028 shares, compared to its average volume of 611,624. Fox Factory Holding Corp. has a twelve month low of $17.95 and a twelve month high of $54.86. 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 firm has a market cap of $869.49 million, a price-to-earnings ratio of 80.20, a P/E/G ratio of 1.45 and a beta of 1.56. The business's 50-day simple moving average is $23.17 and its two-hundred day simple moving average is $28.41.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. The company had revenue of $352.84 million during the quarter, compared to the consensus estimate of $321.31 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. On average, equities analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FOXF. Stifel Nicolaus decreased 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. Jefferies Financial Group decreased their price objective on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Truist Financial cut their price target on shares of Fox Factory from $40.00 to $24.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Robert W. Baird decreased their price target on Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a report on Friday, April 4th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $35.00.

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.