Motley Fool Asset Management LLC Acquires 1,224 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Motley Fool Asset Management LLC grew its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 8.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,288 shares of the company’s stock after purchasing an additional 1,224 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Fox Factory were worth $1,032,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FOXF. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Fox Factory by 0.9% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,676,115 shares of the company’s stock worth $364,229,000 after buying an additional 33,703 shares during the last quarter. FMR LLC boosted its stake in Fox Factory by 46.2% during the 3rd quarter. FMR LLC now owns 1,136,720 shares of the company’s stock worth $112,626,000 after acquiring an additional 359,168 shares during the last quarter. Conestoga Capital Advisors LLC grew its holdings in Fox Factory by 0.3% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,134,439 shares of the company’s stock valued at $76,552,000 after purchasing an additional 3,935 shares during the period. Van Berkom & Associates Inc. increased its stake in Fox Factory by 15.6% in the third quarter. Van Berkom & Associates Inc. now owns 692,538 shares of the company’s stock valued at $68,617,000 after purchasing an additional 93,378 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Fox Factory by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 440,251 shares of the company’s stock worth $43,620,000 after acquiring an additional 4,607 shares in the last quarter.

Fox Factory Stock Performance

Shares of FOXF traded up $1.08 during midday trading on Friday, reaching $40.45. The stock had a trading volume of 411,973 shares, compared to its average volume of 603,605. The firm has a market cap of $1.70 billion, a PE ratio of 14.14, a P/E/G ratio of 3.36 and a beta of 1.64. The firm has a 50 day simple moving average of $49.17 and a 200-day simple moving average of $62.00. Fox Factory Holding Corp. has a one year low of $38.80 and a one year high of $117.68. The company has a current ratio of 3.70, a quick ratio of 1.91 and a debt-to-equity ratio of 0.61.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.34). The business had revenue of $332.50 million for the quarter, compared to the consensus estimate of $327.07 million. Fox Factory had a return on equity of 13.86% and a net margin of 8.25%. The company’s revenue for the quarter was down 18.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.43 EPS. As a group, sell-side analysts anticipate that Fox Factory Holding Corp. will post 2.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. StockNews.com lowered Fox Factory from a “hold” rating to a “sell” rating in a research report on Monday, February 26th. Truist Financial decreased their target price on shares of Fox Factory from $90.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Stifel Nicolaus reduced their price objective on shares of Fox Factory from $56.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, Bank of America downgraded Fox Factory from a “buy” rating to a “neutral” rating and set a $55.00 target price on the stock. in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $66.00.

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.