Nisa Investment Advisors LLC lifted its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF – Free Report) by 474.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,993 shares of the company’s stock after buying an additional 1,646 shares during the period. Nisa Investment Advisors LLC’s holdings in Fox Factory were worth $47,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the business. Versant Capital Management Inc grew its position in Fox Factory by 142.8% in the first quarter. Versant Capital Management Inc now owns 1,372 shares of the company’s stock worth $32,000 after acquiring an additional 807 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Fox Factory by 254.1% in the 1st quarter. GAMMA Investing LLC now owns 1,696 shares of the company’s stock valued at $40,000 after purchasing an additional 1,217 shares during the last quarter. Quarry LP bought a new stake in shares of Fox Factory in the 4th quarter valued at approximately $45,000. First Horizon Advisors Inc. boosted its holdings in shares of Fox Factory by 113.8% in the 1st quarter. First Horizon Advisors Inc. now owns 1,950 shares of the company’s stock worth $46,000 after purchasing an additional 1,038 shares during the period. Finally, Eukles Asset Management increased its position in shares of Fox Factory by 80.3% during the 1st quarter. Eukles Asset Management now owns 2,265 shares of the company’s stock valued at $53,000 after purchasing an additional 1,009 shares during the last quarter.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Stifel Nicolaus lowered their price target on Fox Factory from $40.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Robert W. Baird dropped their price target on shares of Fox Factory from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, April 4th. Finally, Truist Financial increased 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. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Fox Factory presently has a consensus rating of “Hold” and a consensus price target of $36.43.
Fox Factory Trading Down 0.2%
Shares of NASDAQ FOXF opened at $25.80 on Friday. Fox Factory Holding Corp. has a twelve month low of $17.95 and a twelve month high of $54.86. The firm has a market cap of $1.08 billion, a PE ratio of -4.31 and a beta of 1.50. The business has a fifty day simple moving average of $26.14 and a two-hundred day simple moving average of $25.29. The company has a quick ratio of 1.36, a current ratio of 3.18 and a debt-to-equity ratio of 0.73.
Fox Factory (NASDAQ:FOXF – Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. Fox Factory had a positive return on equity of 4.70% and a negative net margin of 17.64%. The firm had revenue of $355.03 million during the quarter, compared to the consensus estimate of $330.71 million. During the same period in the previous year, the company posted $0.29 earnings per share. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.
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.
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