Occudo Quantitative Strategies LP Makes New $349,000 Investment in Fox Factory Holding Corp. (NASDAQ:FOXF)

Occudo Quantitative Strategies LP acquired a new position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,515 shares of the company's stock, valued at approximately $349,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP bought a new stake in Fox Factory during the 4th quarter worth about $45,000. KBC Group NV grew its holdings in Fox Factory by 80.4% during the 4th quarter. KBC Group NV now owns 2,484 shares of the company's stock worth $75,000 after acquiring an additional 1,107 shares during the last quarter. TD Waterhouse Canada Inc. bought a new stake in Fox Factory during the 4th quarter worth about $143,000. Magnetar Financial LLC bought a new stake in Fox Factory during the 4th quarter worth about $206,000. Finally, Aristides Capital LLC bought a new stake in Fox Factory during the 4th quarter worth about $206,000.

Fox Factory Stock Performance

Shares of NASDAQ:FOXF opened at $25.78 on Friday. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 99.16, a P/E/G ratio of 1.45 and a beta of 1.54. The firm's 50 day simple moving average is $22.40 and its 200 day simple moving average is $27.21. 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 fifty-two week low of $17.95 and a fifty-two week high of $54.86.

Fox Factory (NASDAQ:FOXF - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. The business had revenue of $355.03 million for the quarter, compared to the consensus estimate of $330.71 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. Fox Factory's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the company posted $0.29 EPS. As a group, sell-side analysts forecast that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Analyst Ratings Changes

FOXF has been the topic of a number of research reports. Truist Financial upped their target price on shares of Fox Factory from $28.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday. Robert W. Baird cut their target price 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 cut their target price 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 cut their target price 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 stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $36.43.

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.

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