Raymond James Financial Inc. Invests $2.54 Million in Fox Factory Holding Corp. (NASDAQ:FOXF)

Raymond James Financial Inc. purchased a new position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 84,017 shares of the company's stock, valued at approximately $2,543,000. Raymond James Financial Inc. owned 0.20% of Fox Factory at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. William Blair Investment Management LLC raised its position in shares of Fox Factory by 17.1% during the fourth quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company's stock worth $90,310,000 after purchasing an additional 434,998 shares during the period. Assenagon Asset Management S.A. boosted its stake in Fox Factory by 595.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 247,435 shares of the company's stock valued at $7,490,000 after purchasing an additional 211,864 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Fox Factory by 271.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company's stock worth $7,921,000 after purchasing an additional 139,512 shares in the last quarter. Barclays PLC raised its stake in shares of Fox Factory by 474.7% in the third quarter. Barclays PLC now owns 122,806 shares of the company's stock worth $5,097,000 after purchasing an additional 101,437 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new position in shares of Fox Factory in the fourth quarter valued at approximately $3,046,000.

Fox Factory Price Performance

NASDAQ FOXF traded down $0.09 during trading on Monday, reaching $21.07. The company's stock had a trading volume of 17,406 shares, compared to its average volume of 605,113. The stock has a market capitalization of $879.00 million, a PE ratio of 81.00, a P/E/G ratio of 1.45 and a beta of 1.56. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The firm has a fifty day moving average of $22.96 and a 200 day moving average of $27.98. Fox Factory Holding Corp. has a one year low of $17.95 and a one year high of $54.86.

Fox Factory (NASDAQ:FOXF - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $321.31 million. Analysts expect that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Robert W. Baird reduced 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 note on Friday, April 4th. Truist Financial cut their target price on Fox Factory from $40.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Jefferies Financial Group decreased their price target on Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Finally, Stifel Nicolaus reduced their price objective 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. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Fox Factory currently has a consensus rating of "Hold" and an average target price of $35.00.

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.