9,044 Shares in Fox Factory Holding Corp. (NASDAQ:FOXF) Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd bought a new stake in Fox Factory Holding Corp. (NASDAQ:FOXF) during the third quarter, Holdings Channel.com reports. The firm bought 9,044 shares of the company’s stock, valued at approximately $375,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. D. E. Shaw & Co. Inc. boosted its holdings in shares of Fox Factory by 25.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company’s stock valued at $32,483,000 after acquiring an additional 135,542 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Fox Factory by 223.3% in the 2nd quarter. Victory Capital Management Inc. now owns 42,119 shares of the company’s stock worth $2,030,000 after purchasing an additional 29,092 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Fox Factory by 89.0% during the third 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 in the last quarter. Van Berkom & Associates Inc. boosted its stake in shares of Fox Factory by 1.5% during the second quarter. Van Berkom & Associates Inc. now owns 913,452 shares of the company’s stock valued at $44,019,000 after purchasing an additional 13,936 shares in the last quarter. Finally, Royce & Associates LP grew its holdings in shares of Fox Factory by 5.7% during the third quarter. Royce & Associates LP now owns 302,349 shares of the company’s stock worth $12,547,000 after purchasing an additional 16,410 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Roth Mkm cut their target price 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 cut their price target on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Robert W. Baird decreased their price objective on Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Truist Financial cut their target price on Fox Factory from $54.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, StockNews.com raised Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $41.50.

Fox Factory Price Performance

Shares of NASDAQ FOXF opened at $32.01 on Tuesday. 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 company has a market capitalization of $1.33 billion, a PE ratio of 123.12, a P/E/G ratio of 2.50 and a beta of 1.60. The firm has a fifty day simple moving average of $35.65 and a 200 day simple moving average of $41.30. Fox Factory Holding Corp. has a twelve month low of $30.13 and a twelve month high of $70.13.

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