Northern Trust Corp Buys 39,836 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Northern Trust Corp boosted its stake in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 446,249 shares of the company's stock after purchasing an additional 39,836 shares during the period. Northern Trust Corp owned approximately 1.07% of Fox Factory worth $13,508,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC grew its stake in shares of 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 acquiring an additional 434,998 shares in the last quarter. RWWM Inc. boosted its stake 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 period. The Manufacturers Life Insurance Company boosted its stake in Fox Factory by 6,413.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,352,242 shares of the company's stock valued at $40,932,000 after acquiring an additional 1,331,480 shares during the period. Capital World Investors raised its holdings 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Fox Factory by 6.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 783,667 shares of the company's stock worth $23,721,000 after purchasing an additional 44,226 shares in the last quarter.

Fox Factory Price Performance

NASDAQ FOXF traded down $0.63 during trading hours on Monday, reaching $25.41. 303,441 shares of the company's stock were exchanged, compared to its average volume of 615,713. The stock has a market cap of $1.06 billion, a PE ratio of 97.73, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. Fox Factory Holding Corp. has a one year low of $17.95 and a one year high of $54.86. The firm has a fifty day moving average of $22.42 and a 200-day moving average of $27.00. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FOXF shares. Truist Financial lifted their price target on shares of Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Robert W. Baird decreased their price target on shares of Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Stifel Nicolaus decreased their price target on shares of 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, 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 research report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Fox Factory presently has an average rating of "Hold" and an average target price 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.