FORA Capital LLC Grows Stock Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

FORA Capital LLC boosted its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 144.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,251 shares of the company’s stock after acquiring an additional 13,134 shares during the period. FORA Capital LLC owned 0.05% of Fox Factory worth $674,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Quarry LP purchased a new position in shares of Fox Factory during the 4th quarter worth $45,000. KBC Group NV boosted its stake in Fox Factory by 80.4% during the fourth quarter. KBC Group NV now owns 2,484 shares of the company’s stock worth $75,000 after buying an additional 1,107 shares during the period. TD Waterhouse Canada Inc. acquired a new stake in shares of Fox Factory during the fourth quarter valued at about $143,000. Magnetar Financial LLC purchased a new stake in shares of Fox Factory in the 4th quarter valued at approximately $206,000. Finally, Aristides Capital LLC acquired a new position in shares of Fox Factory in the 4th quarter worth approximately $206,000.

Fox Factory Trading Up 11.2 %

NASDAQ:FOXF opened at $23.74 on Friday. The stock has a fifty day moving average price of $22.43 and a 200 day moving average price of $27.52. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. Fox Factory Holding Corp. has a 12-month low of $17.95 and a 12-month high of $54.86. The firm has a market cap of $990.24 million, a PE ratio of 91.31, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54.

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

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Jefferies Financial Group dropped their target price on shares of Fox Factory from $45.00 to $38.00 and set a “buy” rating for the company in a report on Friday, February 28th. Robert W. Baird dropped their price objective on Fox Factory from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, April 4th. Truist Financial decreased their target price on Fox Factory from $40.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Stifel Nicolaus dropped their target price 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. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $35.00.

Fox Factory 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.