BNP Paribas Financial Markets Purchases 15,823 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

BNP Paribas Financial Markets boosted its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 131.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 27,846 shares of the company’s stock after purchasing an additional 15,823 shares during the period. BNP Paribas Financial Markets owned about 0.07% of Fox Factory worth $843,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP bought a new stake in Fox Factory in the fourth quarter valued at approximately $45,000. KBC Group NV raised its stake in Fox Factory by 80.4% in the 4th quarter. KBC Group NV now owns 2,484 shares of the company’s stock valued at $75,000 after acquiring an additional 1,107 shares during the period. TD Waterhouse Canada Inc. bought a new stake in Fox Factory in the 4th quarter valued at $143,000. Aristides Capital LLC acquired a new stake in Fox Factory during the 4th quarter valued at $206,000. Finally, Magnetar Financial LLC bought a new position in Fox Factory during the fourth quarter worth $206,000.

Fox Factory Price Performance

Shares of Fox Factory stock opened at $24.31 on Thursday. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 93.50, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. Fox Factory Holding Corp. has a twelve month low of $17.95 and a twelve month high of $54.86. The company has a 50-day simple moving average of $22.44 and a two-hundred day simple moving average of $26.91.

Fox Factory (NASDAQ:FOXF) last announced its earnings results on Thursday, May 8th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $355.03 million for the quarter, compared to analysts’ expectations of $330.71 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $0.29 earnings per share. Analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Analyst Ratings Changes

FOXF has been the topic of several research analyst reports. Stifel Nicolaus dropped their price objective on shares of Fox Factory from $40.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Robert W. Baird decreased their price target on shares of Fox Factory from $32.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, April 4th. Truist Financial raised their price objective on shares of Fox Factory from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, May 14th. Finally, Jefferies Financial Group reduced their price objective on Fox Factory from $45.00 to $38.00 and set a “buy” rating for the company in a report on Friday, February 28th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $36.43.

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.