ArrowMark Colorado Holdings LLC Boosts Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

ArrowMark Colorado Holdings LLC lifted its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 15.9% during the third quarter, HoldingsChannel.com reports. The firm owned 927,006 shares of the company’s stock after purchasing an additional 127,187 shares during the quarter. ArrowMark Colorado Holdings LLC’s holdings in Fox Factory were worth $38,471,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in Fox Factory by 86.0% during the 3rd quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock worth $25,000 after acquiring an additional 277 shares during the period. Signaturefd LLC grew its position in shares of Fox Factory by 301.1% during the 3rd quarter. Signaturefd LLC now owns 726 shares of the company’s stock valued at $30,000 after purchasing an additional 545 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Fox Factory in the third quarter worth $42,000. KBC Group NV raised its position in shares of Fox Factory by 36.5% in the third quarter. KBC Group NV now owns 1,377 shares of the company’s stock worth $57,000 after buying an additional 368 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in Fox Factory by 26.5% during the second quarter. Fifth Third Bancorp now owns 1,245 shares of the company’s stock valued at $60,000 after buying an additional 261 shares during the period.

Wall Street Analyst Weigh In

FOXF has been the topic of a number of recent analyst reports. Truist Financial lowered their target price on shares of Fox Factory from $54.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Roth Mkm lowered their price objective on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Robert W. Baird cut their target price on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. StockNews.com upgraded Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Bank of America cut their price objective on Fox Factory from $53.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $41.50.

Fox Factory Stock Performance

Fox Factory stock opened at $32.48 on Monday. The firm has a fifty day simple moving average of $36.92 and a two-hundred day simple moving average of $41.92. Fox Factory Holding Corp. has a twelve month low of $30.92 and a twelve month high of $70.13. The company has a market capitalization of $1.35 billion, a PE ratio of 124.93, a P/E/G ratio of 2.65 and a beta of 1.65. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62.

Fox Factory (NASDAQ:FOXF) last released its earnings results on Thursday, October 31st. The company reported $0.35 earnings per share 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 company had revenue of $359.10 million during the quarter, compared to the consensus estimate of $366.86 million. During the same period last year, the firm posted $1.05 EPS. The company’s revenue was up 8.4% on a year-over-year basis. Research 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.