Fox Factory Holding Corp. (NASDAQ:FOXF) Position Raised by RWWM Inc.

RWWM Inc. raised its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 174.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,997,531 shares of the company's stock after acquiring an additional 1,268,460 shares during the quarter. Fox Factory comprises 5.5% of RWWM Inc.'s investment portfolio, making the stock its 6th biggest holding. RWWM Inc. owned about 4.79% of Fox Factory worth $60,465,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of FOXF. Diversify Wealth Management LLC increased its stake in Fox Factory by 10.1% in the fourth quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company's stock valued at $207,000 after purchasing an additional 680 shares in the last quarter. Swiss National Bank raised its stake 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 buying an additional 700 shares during the period. KBC Group NV boosted its holdings in Fox Factory by 80.4% in the fourth quarter. KBC Group NV now owns 2,484 shares of the company's stock worth $75,000 after acquiring an additional 1,107 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Fox Factory by 23.8% during the third quarter. HighTower Advisors LLC now owns 5,880 shares of the company's stock valued at $243,000 after acquiring an additional 1,131 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Fox Factory by 1.4% during the fourth quarter. Rhumbline Advisers now owns 129,275 shares of the company's stock worth $3,913,000 after purchasing an additional 1,790 shares during the period.

Fox Factory Stock Performance

FOXF stock traded up $0.41 during midday trading on Friday, hitting $19.66. The company's stock had a trading volume of 668,706 shares, compared to its average volume of 618,523. Fox Factory Holding Corp. has a 1 year low of $17.95 and a 1 year high of $54.86. The stock has a market cap of $820.06 million, a price-to-earnings ratio of 75.62, a PEG ratio of 1.45 and a beta of 1.56. The stock's 50-day moving average price is $24.18 and its 200 day moving average price is $29.62. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62.

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Truist Financial decreased their price target on shares of Fox Factory from $40.00 to $24.00 and set a "buy" rating for the company in a research note on Monday. Jefferies Financial Group decreased their target price 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. Robert W. Baird dropped 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. 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target 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.