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

Principal Financial Group Inc. raised its position in Fox Factory Holding Corp. (NASDAQ:FOXF – Get Rating) by 0.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 166,832 shares of the company’s stock after buying an additional 593 shares during the quarter. Principal Financial Group Inc. owned about 0.39% of Fox Factory worth $15,220,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of FOXF. EverSource Wealth Advisors LLC increased its stake in Fox Factory by 2,515.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 340 shares of the company’s stock valued at $31,000 after buying an additional 327 shares during the period. Covestor Ltd grew its stake 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 period. Quadrant Capital Group LLC grew its stake 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 period. CWM LLC grew its stake 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 period. Finally, National Bank of Canada FI grew its stake 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 period. 98.71% of the stock is owned by institutional investors and hedge funds.

Fox Factory Trading Down 1.6 %

Shares of FOXF stock opened at $95.49 on Wednesday. The firm’s 50-day simple moving average is $109.76 and its 200-day simple moving average is $108.40. The firm has a market cap of $4.04 billion, a P/E ratio of 20.36, a PEG ratio of 1.69 and a beta of 1.83. Fox Factory Holding Corp. has a 1-year low of $69.28 and a 1-year high of $127.54. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.48 and a quick ratio of 1.98.

Fox Factory (NASDAQ:FOXF – Get Rating) last posted its earnings results on Thursday, May 4th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. The firm had revenue of $399.90 million during the quarter, compared to the consensus estimate of $393.85 million. Fox Factory had a net margin of 12.25% and a return on equity of 20.99%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 EPS. As a group, equities analysts forecast that Fox Factory Holding Corp. will post 5.16 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FOXF. Jefferies Financial Group lowered their price target on shares of Fox Factory from $145.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, March 17th. TheStreet lowered shares of Fox Factory from a “b” rating to a “c+” rating in a research report on Thursday, May 18th. Roth Mkm assumed coverage on shares of Fox Factory in a research report on Wednesday, April 5th. They issued a “neutral” rating and a $126.00 price objective on the stock. StockNews.com assumed coverage on shares of Fox Factory in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Roth Capital reiterated a “neutral” rating on shares of Fox Factory in a research report on Tuesday, April 4th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $127.80.

Fox Factory Company Profile

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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.