Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Bought by Headlands Technologies LLC

Headlands Technologies LLC lifted its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 181.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,462 shares of the company’s stock after buying an additional 6,096 shares during the quarter. Headlands Technologies LLC’s holdings in Fox Factory were worth $286,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FOXF. Diversify Wealth Management LLC lifted its holdings in Fox Factory by 10.1% during the fourth quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company’s stock valued at $207,000 after purchasing an additional 680 shares in the last quarter. Swiss National Bank raised its holdings in shares of Fox Factory by 0.9% during the fourth quarter. Swiss National Bank now owns 82,000 shares of the company’s stock valued at $2,482,000 after acquiring an additional 700 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Fox Factory by 7.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,972 shares of the company’s stock valued at $455,000 after acquiring an additional 785 shares in the last quarter. KBC Group NV boosted its stake in shares of Fox Factory by 80.4% in the fourth quarter. KBC Group NV now owns 2,484 shares of the company’s stock worth $75,000 after acquiring an additional 1,107 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Fox Factory by 23.8% during the third quarter. HighTower Advisors LLC now owns 5,880 shares of the company’s stock worth $243,000 after purchasing an additional 1,131 shares in the last quarter.

Fox Factory Stock Performance

Shares of Fox Factory stock opened at $20.95 on Friday. The firm has a market cap of $873.87 million, a PE ratio of 80.58, a price-to-earnings-growth ratio of 1.45 and a beta of 1.65. Fox Factory Holding Corp. has a 52 week low of $18.69 and a 52 week high of $54.86. The business’s fifty day simple moving average is $25.79 and its 200-day simple moving average is $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 released its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The business had revenue of $352.84 million for the quarter, compared to the consensus estimate of $321.31 million. Equities analysts forecast that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FOXF has been the topic of several recent research reports. Robert W. Baird lowered their target price on shares of Fox Factory from $32.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday. Jefferies Financial Group decreased their target price on shares of Fox Factory from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Truist Financial lowered their target price on Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Finally, Stifel Nicolaus upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Wednesday, December 11th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Fox Factory has an average rating of “Hold” and a consensus price target of $38.14.

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.