Motley Fool Asset Management LLC Boosts Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Motley Fool Asset Management LLC raised its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 8.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 15,288 shares of the company’s stock after acquiring an additional 1,224 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Fox Factory were worth $1,032,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC bought a new stake in Fox Factory during the 4th quarter valued at $29,000. Operose Advisors LLC bought a new position in Fox Factory in the third quarter valued at $37,000. Assetmark Inc. increased its position in shares of Fox Factory by 171.4% during the 3rd quarter. Assetmark Inc. now owns 380 shares of the company’s stock valued at $38,000 after purchasing an additional 240 shares during the last quarter. CWM LLC raised its stake in shares of Fox Factory by 54.1% during the fourth quarter. CWM LLC now owns 624 shares of the company’s stock worth $42,000 after acquiring an additional 219 shares in the last quarter. Finally, CVA Family Office LLC purchased a new position in Fox Factory in the 4th quarter worth $55,000.

Fox Factory Trading Up 2.7 %

FOXF stock traded up $1.08 on Friday, reaching $40.45. The company’s 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 PEG ratio of 3.36 and a beta of 1.64. The business has a fifty day simple moving average of $49.17 and a two-hundred day simple moving average of $62.00. Fox Factory Holding Corp. has a 12-month low of $38.80 and a 12-month high of $117.68. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.91 and a current ratio of 3.70.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.34). The company had revenue of $332.50 million during 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 firm’s revenue for the quarter was down 18.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.43 earnings per share. As a group, research analysts forecast that Fox Factory Holding Corp. will post 2.42 EPS for the current year.

Analysts Set New Price Targets

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