Swiss National Bank Boosts Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Swiss National Bank boosted its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF – Get Rating) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,000 shares of the company’s stock after buying an additional 2,100 shares during the period. Swiss National Bank owned 0.24% of Fox Factory worth $9,305,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FOXF. Wipfli Financial Advisors LLC purchased a new stake in Fox Factory during the 3rd quarter worth approximately $26,000. Covestor Ltd boosted its holdings in shares of Fox Factory by 58.4% during the 1st quarter. Covestor Ltd now owns 358 shares of the company’s stock worth $35,000 after purchasing an additional 132 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Fox Factory by 98.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 479 shares of the company’s stock worth $38,000 after purchasing an additional 238 shares during the last quarter. CWM LLC boosted its holdings in shares of Fox Factory by 63.5% during the 4th quarter. CWM LLC now owns 425 shares of the company’s stock worth $39,000 after purchasing an additional 165 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of Fox Factory by 55.2% during the 4th quarter. National Bank of Canada FI now owns 520 shares of the company’s stock worth $47,000 after purchasing an additional 185 shares during the last quarter. 98.71% of the stock is currently owned by hedge funds and other institutional investors.

Fox Factory Price Performance

Shares of FOXF opened at $96.40 on Wednesday. Fox Factory Holding Corp. has a fifty-two week low of $69.28 and a fifty-two week high of $127.54. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 1.69 and a beta of 1.83. The firm has a 50-day simple moving average of $111.77 and a 200-day simple moving average of $107.97. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.98 and a current ratio of 3.48.

Fox Factory (NASDAQ:FOXF – Get Rating) last announced its quarterly earnings data on Thursday, May 4th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.02. Fox Factory had a net margin of 12.25% and a return on equity of 20.99%. The firm had revenue of $399.90 million during the quarter, compared to the consensus estimate of $393.85 million. During the same quarter last year, the firm earned $1.32 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts anticipate that Fox Factory Holding Corp. will post 5.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. TheStreet upgraded Fox Factory from a “c+” rating to a “b” rating in a report on Tuesday, March 7th. Roth Mkm started coverage on Fox Factory in a report on Wednesday, April 5th. They issued a “neutral” rating and a $126.00 price objective on the stock. Jefferies Financial Group decreased their price objective on Fox Factory from $145.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, March 17th. Robert W. Baird upped their price objective on Fox Factory from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, February 24th. Finally, Truist Financial upped their price objective on Fox Factory from $115.00 to $125.00 in a report on Friday, February 24th. Four research 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, Fox Factory has an average rating of “Hold” and an average target price of $127.80.

Fox Factory Company Profile

(Get Rating)

Fox Factory Holding Corp. engages in designing, engineering, manufacturing and marketing performance ride dynamics products. The firm offers bicycles, side-by-sides and on-road vehicles with off-road capabilities, off-road vehicles and trucks, all – terrain vehicles, snowmobiles, specialty vehicles and applications and motorcycles.