Granahan Investment Management LLC decreased its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 63.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 79,417 shares of the company's stock after selling 138,768 shares during the period. Granahan Investment Management LLC owned 0.19% of Fox Factory worth $2,404,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. FORA Capital LLC lifted its position in shares of Fox Factory by 144.1% in the 4th quarter. FORA Capital LLC now owns 22,251 shares of the company's stock worth $674,000 after buying an additional 13,134 shares during the last quarter. Deutsche Bank AG increased its position in shares of Fox Factory by 15.7% in the fourth quarter. Deutsche Bank AG now owns 87,475 shares of the company's stock worth $2,648,000 after acquiring an additional 11,840 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Fox Factory by 46.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 821,380 shares of the company's stock worth $24,863,000 after purchasing an additional 261,140 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in shares of Fox Factory by 1,723.9% during the fourth quarter. Cubist Systematic Strategies LLC now owns 173,273 shares of the company's stock worth $5,245,000 after purchasing an additional 163,773 shares during the period. Finally, Balyasny Asset Management L.P. grew its position in Fox Factory by 1,085.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 206,440 shares of the company's stock worth $6,249,000 after acquiring an additional 189,029 shares in the last quarter.
Fox Factory Price Performance
NASDAQ FOXF traded down $0.01 on Wednesday, hitting $26.32. 568,249 shares of the company were exchanged, compared to its average volume of 613,937. The firm has a 50 day moving average of $22.41 and a two-hundred day moving average of $27.29. The company has a market cap of $1.10 billion, a P/E ratio of 101.23, a P/E/G ratio of 1.45 and a beta of 1.54. 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 Holding Corp. has a 1-year low of $17.95 and a 1-year high of $54.86.
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, beating analysts' consensus estimates of $0.22 by $0.01. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The company had revenue of $355.03 million for the quarter, compared to the consensus estimate of $330.71 million. During the same period in the prior year, the company posted $0.29 EPS. The company's revenue was up 6.5% compared to the same quarter last year. On average, equities analysts predict that Fox Factory Holding Corp. will post 1.31 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research firms have commented on FOXF. 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. Stifel Nicolaus reduced their price objective on shares of Fox Factory from $40.00 to $34.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Robert W. Baird reduced 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 note on Friday, April 4th. Finally, Truist Financial boosted their price objective on shares of Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Fox Factory currently has a consensus rating of "Hold" and a consensus price target of $36.43.
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About Fox Factory
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Free Report)
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.
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