Penn Capital Management Company LLC Acquires 62,997 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Penn Capital Management Company LLC increased its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 54.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,381 shares of the company's stock after buying an additional 62,997 shares during the quarter. Penn Capital Management Company LLC owned 0.43% of Fox Factory worth $5,430,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. KBC Group NV raised its holdings in shares of Fox Factory by 80.4% in the fourth quarter. KBC Group NV now owns 2,484 shares of the company's stock valued at $75,000 after purchasing an additional 1,107 shares during the last quarter. TD Waterhouse Canada Inc. purchased a new stake in Fox Factory in the 4th quarter valued at about $143,000. HighTower Advisors LLC lifted its position in shares of Fox Factory by 23.8% during the 3rd quarter. HighTower Advisors LLC now owns 5,880 shares of the company's stock worth $243,000 after buying an additional 1,131 shares in the last quarter. Aristides Capital LLC purchased a new position in shares of Fox Factory in the 4th quarter worth approximately $206,000. Finally, Magnetar Financial LLC bought a new position in shares of Fox Factory in the fourth quarter valued at approximately $206,000.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Robert W. Baird dropped their price target on Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. Stifel Nicolaus cut their price target on shares of Fox Factory from $40.00 to $34.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Jefferies Financial Group decreased their price objective on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a report on Friday, February 28th. Finally, Truist Financial reduced 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. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $35.00.

Fox Factory Stock Performance

Fox Factory stock traded up $0.03 during mid-day trading on Tuesday, reaching $20.63. The company's stock had a trading volume of 137,748 shares, compared to its average volume of 614,609. Fox Factory Holding Corp. has a 12-month low of $17.95 and a 12-month high of $54.86. The firm's fifty day moving average price is $23.40 and its two-hundred day moving average price is $28.53. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. The company has a market capitalization of $860.64 million, a P/E ratio of 79.29, a PEG ratio of 1.45 and a beta of 1.56.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The business had revenue of $352.84 million during the quarter, compared to the consensus estimate of $321.31 million. Sell-side analysts predict that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

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.