Inceptionr LLC Acquires Shares of 8,227 Fox Factory Holding Corp. (NASDAQ:FOXF)

Inceptionr LLC acquired a new stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 8,227 shares of the company’s stock, valued at approximately $249,000.

Other large investors have also bought and sold shares of the company. Disciplined Growth Investors Inc. MN bought a new stake in Fox Factory during the 3rd quarter valued at approximately $5,743,000. Caprock Group LLC lifted its holdings in shares of Fox Factory by 133.7% during the fourth 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 last quarter. Thrivent Financial for Lutherans lifted its holdings 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 during the last quarter. Angeles Wealth Management LLC purchased a new position in shares of Fox Factory during the fourth quarter valued at approximately $1,710,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Fox Factory by 271.6% during the third quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company’s stock valued at $7,921,000 after purchasing an additional 139,512 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FOXF. StockNews.com upgraded shares of Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Truist Financial lowered their target price on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company 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 report on Wednesday, December 11th. Robert W. Baird decreased their price objective on shares of Fox Factory from $38.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, February 28th. Finally, Jefferies Financial Group lowered their price objective on Fox Factory from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $39.14.

Fox Factory Stock Performance

FOXF stock opened at $26.55 on Tuesday. The stock’s 50 day simple moving average is $27.57 and its 200 day simple moving average is $33.16. The stock has a market capitalization of $1.11 billion, a PE ratio of 102.12, a price-to-earnings-growth ratio of 1.45 and a beta of 1.65. 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 $25.17 and a 12-month high of $54.86.

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