Van ECK Associates Corp lifted its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF – Get Rating) by 11.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,332 shares of the company’s stock after acquiring an additional 134 shares during the period. Van ECK Associates Corp’s holdings in Fox Factory were worth $122,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Wipfli Financial Advisors LLC bought a new position in shares of Fox Factory in the third quarter worth about $26,000. Covestor Ltd lifted its position in shares of Fox Factory by 58.4% in the first quarter. Covestor Ltd now owns 358 shares of the company’s stock worth $35,000 after buying an additional 132 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Fox Factory by 98.8% in the third quarter. Quadrant Capital Group LLC now owns 479 shares of the company’s stock worth $38,000 after buying an additional 238 shares in the last quarter. CWM LLC lifted its position in shares of Fox Factory by 63.5% in the fourth quarter. CWM LLC now owns 425 shares of the company’s stock worth $39,000 after buying an additional 165 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Fox Factory by 55.2% in the fourth quarter. National Bank of Canada FI now owns 520 shares of the company’s stock worth $47,000 after buying an additional 185 shares in the last quarter. Institutional investors own 98.71% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on FOXF. Roth Capital reiterated a “neutral” rating on shares of Fox Factory in a research report on Tuesday, April 4th. 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 research report on Friday, March 17th. Truist Financial upped their price objective on Fox Factory from $115.00 to $125.00 in a research report on Friday, February 24th. TheStreet upgraded Fox Factory from a “c+” rating to a “b” rating in a research report on Tuesday, March 7th. Finally, StockNews.com assumed coverage on Fox Factory in a research report on Thursday. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Fox Factory presently has a consensus rating of “Hold” and a consensus target price of $127.80.
Fox Factory Trading Down 3.0 %
Fox Factory (NASDAQ:FOXF – Get Rating) last released its earnings results on Thursday, May 4th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.02. The firm had revenue of $399.90 million for the quarter, compared to analysts’ expectations of $393.85 million. Fox Factory had a return on equity of 20.99% and a net margin of 12.25%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.32 earnings per share. On average, equities analysts forecast that Fox Factory Holding Corp. will post 5.16 EPS for the current year.
About Fox Factory
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.
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