Intech Investment Management LLC Acquires 7,631 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Intech Investment Management LLC raised its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 58.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,659 shares of the company’s stock after acquiring an additional 7,631 shares during the period. Intech Investment Management LLC’s holdings in Fox Factory were worth $625,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. William Blair Investment Management LLC raised its holdings in Fox Factory by 17.1% during the 4th quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company’s stock worth $90,310,000 after buying an additional 434,998 shares during the period. Assenagon Asset Management S.A. boosted its stake in Fox Factory by 595.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 247,435 shares of the company’s stock worth $7,490,000 after purchasing an additional 211,864 shares during the period. JPMorgan Chase & Co. increased its holdings in Fox Factory by 271.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company’s stock worth $7,921,000 after purchasing an additional 139,512 shares in the last quarter. Disciplined Growth Investors Inc. MN bought a new position in shares of Fox Factory during the third quarter worth about $5,743,000. Finally, ArrowMark Colorado Holdings LLC raised its holdings in shares of Fox Factory by 15.9% in the third quarter. ArrowMark Colorado Holdings LLC now owns 927,006 shares of the company’s stock valued at $38,471,000 after purchasing an additional 127,187 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently commented on FOXF. Truist Financial reduced their target price on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Wednesday, December 11th. StockNews.com upgraded Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Robert W. Baird dropped their price objective on Fox Factory from $38.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, February 28th. Finally, Jefferies Financial Group decreased their target price on shares of Fox Factory from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fox Factory presently has an average rating of “Hold” and a consensus target price of $39.14.

Fox Factory Stock Up 3.0 %

FOXF opened at $25.78 on Tuesday. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. The stock’s fifty day simple moving average is $26.64 and its 200 day simple moving average is $32.00. Fox Factory Holding Corp. has a 1-year low of $23.91 and a 1-year high of $54.86. The stock has a market cap of $1.07 billion, a PE ratio of 99.16, a price-to-earnings-growth ratio of 1.45 and a beta of 1.65.

Fox Factory (NASDAQ:FOXF) last posted its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The company had revenue of $352.84 million during the quarter, compared to analysts’ expectations of $321.31 million. As a group, research analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

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.