Occudo Quantitative Strategies LP Purchases New Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Occudo Quantitative Strategies LP bought a new stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,515 shares of the company's stock, valued at approximately $349,000.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP bought a new position in Fox Factory during the fourth quarter valued at approximately $45,000. KBC Group NV raised its stake in Fox Factory by 80.4% during the 4th quarter. KBC Group NV now owns 2,484 shares of the company's stock valued at $75,000 after buying an additional 1,107 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of Fox Factory during the 4th quarter valued at $143,000. Aristides Capital LLC purchased a new position in shares of Fox Factory in the 4th quarter worth $206,000. Finally, Magnetar Financial LLC bought a new stake in shares of Fox Factory in the fourth quarter worth $206,000.

Fox Factory Price Performance

Shares of NASDAQ FOXF traded down $0.54 during midday trading on Wednesday, reaching $24.96. The stock had a trading volume of 76,139 shares, compared to its average volume of 613,834. 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 50-day moving average of $22.45 and a 200-day moving average of $26.93. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 96.22, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FOXF shares. Stifel Nicolaus cut their price target on 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 cut their target price 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. 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 report on Wednesday, May 14th. Finally, Jefferies Financial Group dropped 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 note on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target 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.