Lazard Asset Management LLC Buys 395 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Lazard Asset Management LLC boosted its stake in Fox Factory Holding Corp. (NASDAQ:FOXFGet Rating) by 55.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,107 shares of the company’s stock after purchasing an additional 395 shares during the quarter. Lazard Asset Management LLC’s holdings in Fox Factory were worth $89,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Fox Factory by 1.3% in the first quarter. Vanguard Group Inc. now owns 4,035,929 shares of the company’s stock worth $395,319,000 after acquiring an additional 50,702 shares in the last quarter. William Blair Investment Management LLC increased its holdings in shares of Fox Factory by 8.1% in the first quarter. William Blair Investment Management LLC now owns 1,697,451 shares of the company’s stock worth $166,265,000 after acquiring an additional 126,960 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of Fox Factory by 8.9% in the second quarter. Conestoga Capital Advisors LLC now owns 1,663,556 shares of the company’s stock worth $133,983,000 after acquiring an additional 136,085 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Fox Factory by 0.3% in the first quarter. Clearbridge Investments LLC now owns 1,600,160 shares of the company’s stock worth $156,736,000 after acquiring an additional 4,061 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Fox Factory by 2.0% in the first quarter. State Street Corp now owns 1,293,998 shares of the company’s stock worth $126,747,000 after acquiring an additional 25,589 shares in the last quarter. Institutional investors own 98.71% of the company’s stock.

Fox Factory Stock Performance

Shares of NASDAQ FOXF opened at $105.98 on Thursday. The stock has a 50 day moving average price of $87.14 and a 200 day moving average price of $88.21. Fox Factory Holding Corp. has a 52 week low of $69.28 and a 52 week high of $188.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.97 and a current ratio of 3.31. The stock has a market capitalization of $4.48 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 1.43 and a beta of 1.69.

Analyst Upgrades and Downgrades

FOXF has been the subject of several recent analyst reports. StockNews.com initiated coverage on Fox Factory in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Stifel Nicolaus raised Fox Factory from a “hold” rating to a “buy” rating and upped their price objective for the stock from $88.00 to $115.00 in a research report on Friday, August 5th. Finally, 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 report on Wednesday, October 5th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $111.00.

Fox Factory 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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