Counterpoint Mutual Funds LLC Buys Shares of 11,482 Fox Factory Holding Corp. (NASDAQ:FOXF)

Counterpoint Mutual Funds LLC bought a new stake in Fox Factory Holding Corp. (NASDAQ:FOXF) in the 4th quarter, Holdings Channel.com reports. The fund bought 11,482 shares of the company’s stock, valued at approximately $348,000.

Several other large investors have also recently bought and sold shares of the company. State Street Corp increased its position in shares of Fox Factory by 0.4% during the third quarter. State Street Corp now owns 1,596,222 shares of the company’s stock worth $66,243,000 after acquiring an additional 6,308 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Fox Factory by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,002,109 shares of the company’s stock worth $41,595,000 after acquiring an additional 8,474 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its position in shares of Fox Factory by 15.9% during the third quarter. ArrowMark Colorado Holdings LLC now owns 927,006 shares of the company’s stock worth $38,471,000 after acquiring an additional 127,187 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Fox Factory by 13.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 622,745 shares of the company’s stock worth $18,850,000 after acquiring an additional 73,110 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Fox Factory by 595.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 247,435 shares of the company’s stock worth $7,490,000 after acquiring an additional 211,864 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FOXF. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Robert W. Baird reduced their target price 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. Jefferies Financial Group reduced 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. Truist Financial reduced 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. Finally, 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. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $39.14.

Fox Factory Stock Performance

Shares of FOXF stock opened at $24.72 on Tuesday. The stock has a market cap of $1.03 billion, a P/E ratio of 95.08, a P/E/G ratio of 1.45 and a beta of 1.65. 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 fifty day moving average price of $26.97 and a two-hundred day moving average price of $32.52. Fox Factory Holding Corp. has a one year low of $23.91 and a one year high of $54.86.

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

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.