Van ECK Associates Corp Acquires 134 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

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 %

FOXF opened at $96.86 on Friday. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 1.71 and a beta of 1.83. The stock’s 50 day moving average price is $110.96 and its 200-day moving average price is $107.83. Fox Factory Holding Corp. has a one year low of $69.28 and a one year high of $127.54. 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 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

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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.