Deutsche Bank AG Boosts Stake in Fox Factory Holding Corp. (NASDAQ:FOXF)

Deutsche Bank AG grew its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 15.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 87,475 shares of the company’s stock after buying an additional 11,840 shares during the quarter. Deutsche Bank AG owned 0.21% of Fox Factory worth $2,648,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in FOXF. The Manufacturers Life Insurance Company raised its position in Fox Factory by 6,413.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,352,242 shares of the company’s stock worth $40,932,000 after purchasing an additional 1,331,480 shares during the period. RWWM Inc. increased its position in shares of Fox Factory by 174.0% in the fourth quarter. RWWM Inc. now owns 1,997,531 shares of the company’s stock valued at $60,465,000 after acquiring an additional 1,268,460 shares during the period. Nantahala Capital Management LLC purchased a new position in shares of Fox Factory in the fourth quarter valued at about $19,252,000. William Blair Investment Management LLC increased its position in shares of Fox Factory by 17.1% in the fourth quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company’s stock valued at $90,310,000 after acquiring an additional 434,998 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Fox Factory by 46.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 821,380 shares of the company’s stock valued at $24,863,000 after acquiring an additional 261,140 shares during the period.

Fox Factory Trading Down 4.7%

NASDAQ:FOXF opened at $24.31 on Thursday. Fox Factory Holding Corp. has a one year low of $17.95 and a one year high of $54.86. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The company’s 50-day simple moving average is $22.44 and its 200 day simple moving average is $26.91. The firm has a market capitalization of $1.01 billion, a P/E ratio of 93.50, a PEG ratio of 1.45 and a beta of 1.54.

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

Wall Street Analyst Weigh In

FOXF has been the topic of a number of analyst reports. Stifel Nicolaus decreased 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 objective on shares of Fox Factory from $32.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, April 4th. Jefferies Financial Group decreased their price objective on shares of Fox Factory from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Finally, Truist Financial boosted their price objective on shares of Fox Factory from $28.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, May 14th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.43.

About Fox Factory

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.