Corient Private Wealth LP acquired a new stake in Fox Factory Holding Corp. (NASDAQ:FOXF – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 114,961 shares of the company’s stock, valued at approximately $1,948,000.
Other institutional investors have also recently made changes to their positions in the company. Western Standard LLC bought a new stake in Fox Factory during the 4th quarter valued at $2,053,000. Quantinno Capital Management LP grew its holdings in Fox Factory by 216.8% in the 1st quarter. Quantinno Capital Management LP now owns 163,635 shares of the company’s stock worth $2,693,000 after acquiring an additional 111,976 shares during the last quarter. RWWM Inc. grew its holdings in Fox Factory by 4.7% in the 1st quarter. RWWM Inc. now owns 5,533,072 shares of the company’s stock worth $91,074,000 after acquiring an additional 247,635 shares during the last quarter. Engine Capital Management LP increased its holdings in Fox Factory by 162.3% during the 1st quarter. Engine Capital Management LP now owns 2,026,230 shares of the company’s stock valued at $33,352,000 after purchasing an additional 1,253,808 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Fox Factory by 93.8% during the first quarter. Empowered Funds LLC now owns 372,186 shares of the company’s stock valued at $6,126,000 after buying an additional 180,168 shares during the period.
Fox Factory Stock Up 1.8%
FOXF stock opened at $20.41 on Thursday. Fox Factory Holding Corp. has a fifty-two week low of $13.08 and a fifty-two week high of $29.97. The company has a market capitalization of $857.83 million, a price-to-earnings ratio of -2.86, a price-to-earnings-growth ratio of 0.57 and a beta of 1.38. The business’s 50 day moving average price is $19.19 and its two-hundred day moving average price is $18.03. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.55 and a current ratio of 3.10.
Wall Street Analyst Weigh In
A number of analysts recently commented on FOXF shares. Bank of America lowered Fox Factory from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $24.00 to $20.00 in a research note on Tuesday, June 30th. Roth Capital reissued a “neutral” rating and set a $20.00 price objective on shares of Fox Factory in a research report on Friday, May 8th. Needham & Company LLC restated a “buy” rating on shares of Fox Factory in a report on Wednesday, June 3rd. Zacks Research raised shares of Fox Factory from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Fox Advisors set a $20.00 target price on shares of Fox Factory in a research note on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Fox Factory presently has an average rating of “Moderate Buy” and a consensus target price of $21.00.
Get Our Latest Research Report on FOXF
Fox Factory Profile
Fox Factory Holding Corp., headquartered in Duluth, Minnesota, designs, engineers and manufactures high-performance suspension systems, shock absorbers and related components for powersports, light-vehicle and mountain-bike applications. The company’s FOX brand offers a comprehensive portfolio of forks, shocks, coilovers and internal bypass dampers aimed at OEM and aftermarket customers seeking enhanced ride quality, control and durability across off-road vehicles, motorcycles and bicycles.
Founded in 1974 by Bob Fox in California, Fox Factory has expanded its technology base and market reach through strategic acquisitions such as Marzocchi Suspension, DVO Suspension and Walker Evans Racing.
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