Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Bought by Baird Financial Group Inc.

Baird Financial Group Inc. grew its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXFGet Rating) by 7.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,290 shares of the company’s stock after purchasing an additional 300 shares during the quarter. Baird Financial Group Inc.’s holdings in Fox Factory were worth $346,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Oppenheimer Asset Management Inc. increased its position in shares of Fox Factory by 104.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,215 shares of the company’s stock valued at $1,467,000 after purchasing an additional 9,306 shares during the period. Texas Permanent School Fund boosted its stake in shares of Fox Factory by 2.1% during the 2nd quarter. Texas Permanent School Fund now owns 30,464 shares of the company’s stock worth $2,454,000 after acquiring an additional 614 shares in the last quarter. Lindenwold Advisors boosted its stake in shares of Fox Factory by 11.5% during the 2nd quarter. Lindenwold Advisors now owns 2,953 shares of the company’s stock worth $238,000 after acquiring an additional 305 shares in the last quarter. Zions Bancorporation N.A. boosted its stake in shares of Fox Factory by 23.7% during the 2nd quarter. Zions Bancorporation N.A. now owns 6,661 shares of the company’s stock worth $536,000 after acquiring an additional 1,278 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in shares of Fox Factory by 6.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 3,613 shares of the company’s stock worth $291,000 after acquiring an additional 221 shares in the last quarter. 98.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FOXF. StockNews.com began coverage on Fox Factory in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Truist Financial reduced their price objective on Fox Factory from $130.00 to $108.00 and set a “buy” rating for the company in a research note on Wednesday, October 5th. Finally, Stifel Nicolaus raised Fox Factory from a “hold” rating to a “buy” rating and raised their target price for the stock from $88.00 to $115.00 in a research report on Friday, August 5th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $111.00.

Fox Factory Stock Performance

Shares of Fox Factory stock opened at $104.82 on Wednesday. The stock has a market cap of $4.43 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 1.46 and a beta of 1.69. The business has a fifty day simple moving average of $86.76 and a 200-day simple moving average of $88.09. The company has a quick ratio of 1.97, a current ratio of 3.31 and a debt-to-equity ratio of 0.31. Fox Factory Holding Corp. has a 12 month low of $69.28 and a 12 month high of $188.48.

Fox Factory Company Profile

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Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers mid-end and high-end front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and 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.

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Institutional Ownership by Quarter for Fox Factory (NASDAQ:FOXF)

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