ArrowMark Colorado Holdings LLC Has $38.47 Million Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

ArrowMark Colorado Holdings LLC increased its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 15.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 927,006 shares of the company’s stock after buying an additional 127,187 shares during the period. ArrowMark Colorado Holdings LLC owned about 2.22% of Fox Factory worth $38,471,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of FOXF. Price T Rowe Associates Inc. MD increased its holdings in Fox Factory by 10.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,571 shares of the company’s stock valued at $1,488,000 after purchasing an additional 2,647 shares during the period. Jane Street Group LLC lifted its stake in shares of Fox Factory by 173.7% in the first quarter. Jane Street Group LLC now owns 181,873 shares of the company’s stock worth $9,470,000 after acquiring an additional 115,432 shares during the period. CWM LLC lifted its stake in shares of Fox Factory by 34.3% in the second quarter. CWM LLC now owns 2,222 shares of the company’s stock worth $107,000 after acquiring an additional 567 shares during the period. Wesbanco Bank Inc. bought a new stake in Fox Factory in the second quarter valued at approximately $626,000. Finally, SG Americas Securities LLC increased its position in Fox Factory by 26.2% during the 2nd quarter. SG Americas Securities LLC now owns 14,833 shares of the company’s stock valued at $715,000 after purchasing an additional 3,081 shares during the period.

Fox Factory Price Performance

Shares of NASDAQ FOXF opened at $32.48 on Monday. The company has a market capitalization of $1.35 billion, a PE ratio of 124.93, a PEG ratio of 2.65 and a beta of 1.65. 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’s 50 day moving average price is $36.92 and its 200-day moving average price is $41.92. Fox Factory Holding Corp. has a twelve month low of $30.92 and a twelve month high of $70.13.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). The business had revenue of $359.10 million during the quarter, compared to the consensus estimate of $366.86 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 EPS. On average, equities analysts anticipate that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday. Roth Mkm cut their price target on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Bank of America lowered their price objective on Fox Factory from $53.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Truist Financial decreased their target price on Fox Factory from $54.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Robert W. Baird dropped their price target on Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Fox Factory currently has a consensus rating of “Hold” and a consensus target price of $41.50.

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.