Cwm LLC Has $42,000 Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Cwm LLC raised its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 54.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 624 shares of the company’s stock after acquiring an additional 219 shares during the quarter. Cwm LLC’s holdings in Fox Factory were worth $42,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. FMR LLC increased its holdings in Fox Factory by 46.2% in the third quarter. FMR LLC now owns 1,136,720 shares of the company’s stock valued at $112,626,000 after purchasing an additional 359,168 shares during the period. Bamco Inc. NY bought a new position in shares of Fox Factory during the third quarter worth about $27,247,000. Comerica Bank acquired a new position in shares of Fox Factory in the third quarter worth approximately $10,089,000. Van Berkom & Associates Inc. boosted its holdings in Fox Factory by 15.6% in the third quarter. Van Berkom & Associates Inc. now owns 692,538 shares of the company’s stock valued at $68,617,000 after acquiring an additional 93,378 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its position in Fox Factory by 38.6% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 174,174 shares of the company’s stock valued at $17,257,000 after purchasing an additional 48,495 shares during the period.

Fox Factory Trading Up 3.9 %

NASDAQ FOXF opened at $47.46 on Friday. Fox Factory Holding Corp. has a 52 week low of $37.98 and a 52 week high of $117.68. The business has a 50 day moving average price of $46.07 and a 200-day moving average price of $58.53. The company has a quick ratio of 1.85, a current ratio of 3.43 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 26.51, a P/E/G ratio of 3.66 and a beta of 1.68.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. The business had revenue of $333.50 million during the quarter, compared to analyst estimates of $327.58 million. Fox Factory had a net margin of 5.41% and a return on equity of 10.56%. Fox Factory’s quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.20 EPS. As a group, equities analysts expect that Fox Factory Holding Corp. will post 2.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Robert W. Baird reduced their price objective on shares of Fox Factory from $55.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. StockNews.com lowered Fox Factory from a “hold” rating to a “sell” rating in a research report on Monday, February 26th. Truist Financial cut their target price on Fox Factory from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Bank of America lowered their target price on Fox Factory from $55.00 to $48.00 and set a “neutral” rating for the company in a report on Monday. Finally, Stifel Nicolaus cut their price target on Fox Factory from $56.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $46.83.

Fox Factory Profile

Fox Factory Holding Corp. designs, engineers, manufactures, and markets performance-defining products and system worldwide. The company offers 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; lift kits and components with shock products and aftermarket accessory packages for trucks; and mid-end and high-end front fork and rear suspension products.