Raymond James Financial Inc. Takes Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Raymond James Financial Inc. bought a new position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 84,017 shares of the company’s stock, valued at approximately $2,543,000.

A number of other hedge funds have also bought and sold shares of the company. Disciplined Growth Investors Inc. MN acquired a new stake in Fox Factory during the 3rd quarter worth about $5,743,000. Caprock Group LLC grew its stake in Fox Factory by 133.7% during the fourth quarter. Caprock Group LLC now owns 22,396 shares of the company’s stock worth $678,000 after purchasing an additional 12,813 shares during the period. Mutual of America Capital Management LLC increased its holdings in Fox Factory by 1,569.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 104,657 shares of the company’s stock worth $3,168,000 after purchasing an additional 98,387 shares in the last quarter. Angeles Wealth Management LLC acquired a new position in Fox Factory in the fourth quarter valued at approximately $1,710,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Fox Factory by 13.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 622,745 shares of the company’s stock worth $18,850,000 after buying an additional 73,110 shares in the last quarter.

Fox Factory Stock Down 5.7 %

Shares of NASDAQ FOXF opened at $24.26 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The company has a 50-day moving average price of $26.42 and a 200-day moving average price of $31.71. The stock has a market capitalization of $1.01 billion, a P/E ratio of 93.31, a P/E/G ratio of 1.45 and a beta of 1.65. Fox Factory Holding Corp. has a 1 year low of $23.80 and a 1 year high of $54.86.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The firm had revenue of $352.84 million during the quarter, compared to analyst estimates of $321.31 million. On average, equities research analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.