D.B. Root & Company LLC Increases Stock Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

D.B. Root & Company LLC boosted its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 45.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,801 shares of the company’s stock after buying an additional 2,741 shares during the quarter. D.B. Root & Company LLC’s holdings in Fox Factory were worth $266,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Fox Factory by 86.0% in the 3rd quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock valued at $25,000 after acquiring an additional 277 shares during the period. Signaturefd LLC boosted its position in Fox Factory by 301.1% during the third quarter. Signaturefd LLC now owns 726 shares of the company’s stock valued at $30,000 after purchasing an additional 545 shares in the last quarter. nVerses Capital LLC purchased a new position in Fox Factory in the third quarter valued at about $42,000. KBC Group NV raised its holdings in Fox Factory by 36.5% in the third quarter. KBC Group NV now owns 1,377 shares of the company’s stock worth $57,000 after purchasing an additional 368 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Fox Factory by 734.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,654 shares of the company’s stock valued at $128,000 after buying an additional 2,336 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. 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 price target on Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Truist Financial lowered their price objective on Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Roth Mkm reduced their target price on Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Stifel Nicolaus raised Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $40.33.

Fox Factory Stock Performance

Shares of FOXF opened at $28.86 on Thursday. The stock has a 50-day moving average of $30.46 and a two-hundred day moving average of $37.43. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. The stock has a market cap of $1.20 billion, a P/E ratio of 111.00, a P/E/G ratio of 1.61 and a beta of 1.60. Fox Factory Holding Corp. has a one year low of $26.76 and a one year high of $69.46.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results 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 analyst estimates of $366.86 million. During the same quarter last year, the company posted $1.05 EPS. Fox Factory’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, research analysts predict 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.