Marshall Wace LLP Invests $1.09 Million in Fox Factory Holding Corp. (NASDAQ:FOXF)

Marshall Wace LLP acquired a new position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 36,043 shares of the company's stock, valued at approximately $1,091,000. Marshall Wace LLP owned 0.09% of Fox Factory as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. William Blair Investment Management LLC grew its holdings in Fox Factory by 17.1% in the 4th quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company's stock valued at $90,310,000 after buying an additional 434,998 shares in the last quarter. RWWM Inc. grew its stake in shares of 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 in the last quarter. Charles Schwab Investment Management Inc. increased its position in Fox Factory by 13.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 622,745 shares of the company's stock worth $18,850,000 after acquiring an additional 73,110 shares during the period. Assenagon Asset Management S.A. raised its stake in Fox Factory by 595.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 247,435 shares of the company's stock worth $7,490,000 after purchasing an additional 211,864 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Fox Factory by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 225,167 shares of the company's stock valued at $6,816,000 after purchasing an additional 8,162 shares during the period.

Wall Street Analyst Weigh In

FOXF has been the subject of a number of analyst reports. Jefferies Financial Group dropped their price target 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 dropped their target price on shares of Fox Factory from $40.00 to $24.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Stifel Nicolaus reduced 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, 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $35.00.

Fox Factory Price Performance

Shares of FOXF traded up $0.50 during trading hours on Friday, reaching $21.16. The stock had a trading volume of 485,575 shares, compared to its average volume of 609,610. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. 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 $882.63 million, a PE ratio of 81.39, a PEG ratio of 1.45 and a beta of 1.56. The company's 50-day moving average is $22.96 and its two-hundred day moving average is $28.16.

Fox Factory (NASDAQ:FOXF - Get Free Report) last posted 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 firm 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%. Research analysts expect that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Fox Factory Profile

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.