FORA Capital LLC Boosts Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

FORA Capital LLC raised its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 144.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,251 shares of the company’s stock after purchasing an additional 13,134 shares during the period. FORA Capital LLC’s holdings in Fox Factory were worth $674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in Fox Factory by 474.7% during the 3rd quarter. Barclays PLC now owns 122,806 shares of the company’s stock worth $5,097,000 after acquiring an additional 101,437 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Fox Factory by 271.6% during the third 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. Assenagon Asset Management S.A. lifted its holdings in shares of Fox Factory by 595.6% in 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. Diversify Wealth Management LLC boosted its position in shares of Fox Factory by 10.1% in 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 period. Finally, SG Americas Securities LLC acquired a new stake in shares of Fox Factory in the 4th quarter valued at about $544,000.

Analysts Set New Price Targets

A number of brokerages have weighed in on FOXF. 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. Truist Financial decreased their price target on shares of Fox Factory from $40.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Jefferies Financial Group dropped their price objective 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. Finally, 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 report on Friday, April 4th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Fox Factory has a consensus rating of “Hold” and an average price target of $35.00.

Fox Factory Stock Up 11.2 %

FOXF stock opened at $23.74 on Friday. The stock has a market capitalization of $990.24 million, a PE ratio of 91.31, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The company has a fifty day moving average of $22.43 and a 200-day moving average of $27.52. 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 one year low of $17.95 and a one year high of $54.86.

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