Royce & Associates LP Acquires 16,410 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Royce & Associates LP raised its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 302,349 shares of the company’s stock after acquiring an additional 16,410 shares during the period. Royce & Associates LP owned approximately 0.73% of Fox Factory worth $12,547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wesbanco Bank Inc. bought a new stake in shares of Fox Factory in the 2nd quarter valued at about $626,000. SG Americas Securities LLC bought a new stake in shares of Fox Factory in the 1st quarter valued at about $612,000. Russell Investments Group Ltd. raised its holdings in Fox Factory by 67.6% in the 1st quarter. Russell Investments Group Ltd. now owns 59,981 shares of the company’s stock valued at $3,123,000 after acquiring an additional 24,199 shares during the period. Jane Street Group LLC raised its holdings in Fox Factory by 173.7% in the 1st quarter. Jane Street Group LLC now owns 181,873 shares of the company’s stock valued at $9,470,000 after acquiring an additional 115,432 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its holdings in Fox Factory by 25.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company’s stock valued at $32,483,000 after acquiring an additional 135,542 shares during the period.

Analyst Ratings Changes

Several research analysts have weighed in on FOXF shares. B. Riley lowered their price target on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Robert W. Baird decreased their target price on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Truist Financial decreased 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 report on Friday, November 1st. Bank of America decreased their target price on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Finally, Roth Mkm decreased their target price 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $41.50.

Fox Factory Price Performance

FOXF stock opened at $32.17 on Friday. The company’s fifty day simple moving average is $38.29 and its 200 day simple moving average is $42.82. Fox Factory Holding Corp. has a 12-month low of $31.19 and a 12-month high of $70.13. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 123.73, a PEG ratio of 2.75 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 announced its quarterly earnings data on Thursday, October 31st. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.07). The company had revenue of $359.10 million for the quarter, compared to analyst estimates of $366.86 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. Fox Factory’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.05 EPS. On average, analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

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.