Schonfeld Strategic Advisors LLC Takes $309,000 Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Schonfeld Strategic Advisors LLC acquired a new position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,222 shares of the company's stock, valued at approximately $309,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Diversify Wealth Management LLC increased its position in shares of Fox Factory by 10.1% during the 4th quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company's stock valued at $207,000 after purchasing an additional 680 shares during the last quarter. Swiss National Bank increased its holdings in Fox Factory by 0.9% during the fourth quarter. Swiss National Bank now owns 82,000 shares of the company's stock worth $2,482,000 after buying an additional 700 shares during the last quarter. KBC Group NV increased its holdings in Fox Factory by 80.4% during the fourth quarter. KBC Group NV now owns 2,484 shares of the company's stock worth $75,000 after buying an additional 1,107 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Fox Factory by 6.0% in the fourth quarter. MetLife Investment Management LLC now owns 25,737 shares of the company's stock valued at $779,000 after purchasing an additional 1,454 shares during the last quarter. Finally, Quarry LP purchased a new stake in Fox Factory in the fourth quarter worth $45,000.

Fox Factory Price Performance

Fox Factory stock traded up $0.26 during midday trading on Friday, reaching $26.04. 655,871 shares of the stock were exchanged, compared to its average volume of 614,664. The company's fifty day moving average is $22.40 and its 200-day moving average is $27.21. 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 52 week low of $17.95 and a 52 week high of $54.86. The firm has a market cap of $1.09 billion, a PE ratio of 100.16, a PEG ratio of 1.45 and a beta of 1.54.

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

Wall Street Analysts Forecast Growth

FOXF has been the subject of several recent research reports. Robert W. Baird decreased their price objective on Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a report on Friday, April 4th. Stifel Nicolaus reduced their target price on shares of Fox Factory from $40.00 to $34.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Truist Financial upped their price target on shares of Fox Factory from $28.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Jefferies Financial Group reduced their price objective on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Fox Factory has an average rating of "Hold" and a consensus target price of $36.43.

Fox Factory Company 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.