Northern Trust Corp Grows Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Northern Trust Corp raised its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 446,249 shares of the company's stock after purchasing an additional 39,836 shares during the quarter. Northern Trust Corp owned approximately 1.07% of Fox Factory worth $13,508,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FOXF. Raymond James Financial Inc. bought a new position in shares of Fox Factory during the 4th quarter valued at approximately $2,543,000. Advantage Alpha Capital Partners LP lifted its stake in shares of Fox Factory by 30.8% in the 4th quarter. Advantage Alpha Capital Partners LP now owns 68,221 shares of the company's stock valued at $2,065,000 after purchasing an additional 16,081 shares during the last quarter. Caprock Group LLC increased its holdings in Fox Factory by 133.7% during the 4th quarter. Caprock Group LLC now owns 22,396 shares of the company's stock worth $678,000 after purchasing an additional 12,813 shares during the period. Mutual of America Capital Management LLC grew its stake in Fox Factory by 1,569.2% during the 4th quarter. Mutual of America Capital Management LLC now owns 104,657 shares of the company's stock worth $3,168,000 after buying an additional 98,387 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Fox Factory by 13.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 622,745 shares of the company's stock valued at $18,850,000 after buying an additional 73,110 shares during the period.

Fox Factory Price Performance

NASDAQ:FOXF traded down $0.36 during mid-day trading on Wednesday, reaching $25.14. The stock had a trading volume of 25,610 shares, compared to its average volume of 613,585. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. Fox Factory Holding Corp. has a 12 month low of $17.95 and a 12 month high of $54.86. The stock has a market capitalization of $1.05 billion, a PE ratio of 96.75, a P/E/G ratio of 1.45 and a beta of 1.54. The stock has a 50-day simple moving average of $22.45 and a two-hundred day simple moving average of $26.93.

Fox Factory (NASDAQ:FOXF - Get Free Report) last released its 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 during the quarter, compared to the consensus estimate of $330.71 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The business's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the business posted $0.29 earnings per share. On average, equities analysts anticipate that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FOXF. Jefferies Financial Group cut their price objective 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 lifted their price objective on Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Stifel Nicolaus decreased their price target on Fox Factory from $40.00 to $34.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Robert W. Baird lowered their price objective on shares of Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target 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.