B. Metzler seel. Sohn & Co. AG Takes Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

B. Metzler seel. Sohn & Co. AG acquired a new position in Fox Factory Holding Corp. (NASDAQ:FOXF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,334 shares of the company’s stock, valued at approximately $494,000.

Other hedge funds also recently modified their holdings of the company. KBC Group NV grew its holdings in Fox Factory by 80.4% during the fourth quarter. KBC Group NV now owns 2,484 shares of the company’s stock valued at $75,000 after purchasing an additional 1,107 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of Fox Factory in the fourth quarter valued at about $206,000. Diversify Wealth Management LLC increased its stake in shares of Fox Factory by 10.1% in the fourth quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company’s stock worth $207,000 after purchasing an additional 680 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Fox Factory during the 4th quarter valued at approximately $230,000. Finally, HighTower Advisors LLC grew its holdings in Fox Factory by 23.8% in the 3rd quarter. HighTower Advisors LLC now owns 5,880 shares of the company’s stock valued at $243,000 after buying an additional 1,131 shares during the last quarter.

Analyst Ratings Changes

FOXF has been the subject of a number of research analyst reports. Robert W. Baird cut their price target on Fox Factory from $32.00 to $25.00 and set a “neutral” rating for the company in a report on Friday. 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. Truist Financial decreased their price target on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Finally, 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 research note on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Fox Factory presently has an average rating of “Hold” and a consensus price target of $38.14.

Fox Factory Stock Up 0.2 %

Shares of FOXF opened at $20.95 on Friday. Fox Factory Holding Corp. has a 12 month low of $18.69 and a 12 month high of $54.86. The stock has a market cap of $873.87 million, a price-to-earnings ratio of 80.58, a P/E/G ratio of 1.45 and a beta of 1.65. The company has a 50-day moving average price of $25.79 and a two-hundred day moving average price of $31.22. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62.

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