Quantbot Technologies LP Buys Shares of 59,473 Fox Factory Holding Corp. (NASDAQ:FOXF)

Quantbot Technologies LP bought a new stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 59,473 shares of the company’s stock, valued at approximately $1,800,000. Quantbot Technologies LP owned 0.14% of Fox Factory as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Disciplined Growth Investors Inc. MN acquired a new position in Fox Factory during the 3rd quarter valued at about $5,743,000. Caprock Group LLC boosted its stake in Fox Factory by 133.7% during the 4th quarter. Caprock Group LLC now owns 22,396 shares of the company’s stock valued at $678,000 after purchasing an additional 12,813 shares during the period. Thrivent Financial for Lutherans boosted its stake in Fox Factory by 89.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 68,532 shares of the company’s stock valued at $2,844,000 after purchasing an additional 32,263 shares during the period. Mutual of America Capital Management LLC boosted its stake in Fox Factory by 1,569.2% during the 4th quarter. Mutual of America Capital Management LLC now owns 104,657 shares of the company’s stock valued at $3,168,000 after purchasing an additional 98,387 shares during the period. Finally, Angeles Wealth Management LLC acquired a new position in Fox Factory during the 4th quarter valued at about $1,710,000.

Fox Factory Stock Up 0.5 %

NASDAQ FOXF opened at $25.02 on Monday. 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 $26.67 and its 200 day simple moving average is $32.10. Fox Factory Holding Corp. has a 12 month low of $23.91 and a 12 month high of $54.86. The company has a market capitalization of $1.04 billion, a P/E ratio of 96.23, a PEG ratio of 1.45 and a beta of 1.65.

Fox Factory (NASDAQ:FOXF) last released its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The business had revenue of $352.84 million for the quarter, compared to the consensus estimate of $321.31 million. Equities research analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Stifel Nicolaus raised shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Wednesday, December 11th. Robert W. Baird reduced their price target on shares of Fox Factory from $38.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, February 28th. Jefferies Financial Group reduced their price target on shares of Fox Factory from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Finally, Truist Financial reduced their price target on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Fox Factory presently has an average rating of “Hold” and an average target price of $39.14.

Fox Factory Company 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.