Angeles Wealth Management LLC Acquires Shares of 56,479 Fox Factory Holding Corp. (NASDAQ:FOXF)

Angeles Wealth Management LLC bought a new position in Fox Factory Holding Corp. (NASDAQ:FOXF) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 56,479 shares of the company’s stock, valued at approximately $1,710,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in Fox Factory by 86.0% in the 3rd quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock worth $25,000 after acquiring an additional 277 shares during the last quarter. Signaturefd LLC raised its stake in shares of Fox Factory by 301.1% in the third quarter. Signaturefd LLC now owns 726 shares of the company’s stock worth $30,000 after purchasing an additional 545 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Fox Factory during the third quarter valued at $42,000. KBC Group NV boosted its position in shares of Fox Factory by 36.5% during the third quarter. KBC Group NV now owns 1,377 shares of the company’s stock valued at $57,000 after buying an additional 368 shares during the last quarter. Finally, Diversify Wealth Management LLC increased its holdings in Fox Factory by 10.1% in the 4th quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company’s stock worth $207,000 after buying an additional 680 shares in the last quarter.

Fox Factory Trading Down 1.8 %

Shares of FOXF stock opened at $25.80 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 has a market cap of $1.08 billion, a price-to-earnings ratio of 99.23, a PEG ratio of 1.44 and a beta of 1.58. Fox Factory Holding Corp. has a 1 year low of $25.55 and a 1 year high of $69.46. The firm has a fifty day moving average price of $29.34 and a 200-day moving average price of $35.64.

Analyst Upgrades and Downgrades

FOXF has been the topic of several research analyst reports. Roth Mkm dropped their price target on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Truist Financial dropped their target price on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Stifel Nicolaus upgraded shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Wednesday, December 11th. StockNews.com raised Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Finally, Robert W. Baird reduced their price objective on Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $40.33.

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.