Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Purchased by Zions Bancorporation N.A.

Zions Bancorporation N.A. boosted its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 17.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 30,932 shares of the company’s stock after acquiring an additional 4,510 shares during the period. Zions Bancorporation N.A. owned about 0.07% of Fox Factory worth $1,284,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Fox Factory by 5.4% during the first quarter. Vanguard Group Inc. now owns 4,470,762 shares of the company’s stock worth $232,793,000 after acquiring an additional 228,339 shares during the period. Pacer Advisors Inc. raised its position in Fox Factory by 25,005.1% during the second quarter. Pacer Advisors Inc. now owns 1,585,136 shares of the company’s stock worth $76,388,000 after acquiring an additional 1,578,822 shares during the period. Clearbridge Investments LLC raised its position in Fox Factory by 0.6% during the first quarter. Clearbridge Investments LLC now owns 1,230,987 shares of the company’s stock worth $64,097,000 after acquiring an additional 7,468 shares during the period. William Blair Investment Management LLC acquired a new position in Fox Factory during the second quarter worth $53,294,000. Finally, Van Berkom & Associates Inc. raised its position in Fox Factory by 1.5% during the second quarter. Van Berkom & Associates Inc. now owns 913,452 shares of the company’s stock worth $44,019,000 after acquiring an additional 13,936 shares during the period.

Fox Factory Trading Down 4.1 %

Shares of FOXF opened at $32.38 on Friday. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. Fox Factory Holding Corp. has a 12-month low of $31.19 and a 12-month high of $70.13. The firm has a 50-day moving average price of $38.41 and a 200 day moving average price of $42.85. The firm has a market capitalization of $1.35 billion, a P/E ratio of 124.54, a P/E/G ratio of 2.75 and a beta of 1.65.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The firm had revenue of $359.10 million during the quarter, compared to analysts’ expectations of $366.86 million. During the same period in the prior year, the company posted $1.05 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. Sell-side analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FOXF. Bank of America dropped their target price on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Truist Financial dropped their target price on shares of Fox Factory from $54.00 to $42.00 and set a “buy” rating for the company in a report on Friday, November 1st. Robert W. Baird dropped their target price on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Roth Mkm dropped their target price on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, B. Riley dropped their target price on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $41.50.

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.