Assenagon Asset Management S.A. Buys 941 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Assenagon Asset Management S.A. increased its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 2.7% during the third quarter, Holdings Channel reports. The firm owned 35,571 shares of the company’s stock after acquiring an additional 941 shares during the period. Assenagon Asset Management S.A.’s holdings in Fox Factory were worth $1,476,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of FOXF. Maryland State Retirement & Pension System bought a new position in shares of Fox Factory in the first quarter worth $781,000. Norden Group LLC increased its position in shares of Fox Factory by 72.3% in the first quarter. Norden Group LLC now owns 14,188 shares of the company’s stock worth $739,000 after purchasing an additional 5,953 shares during the period. Diversify Advisory Services LLC bought a new position in shares of Fox Factory in the first quarter worth $251,000. Capstone Investment Advisors LLC bought a new position in shares of Fox Factory in the first quarter worth $543,000. Finally, Fifth Lane Capital LP bought a new position in shares of Fox Factory in the first quarter worth $381,000.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FOXF. Truist Financial decreased their target price on Fox Factory from $54.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday. Roth Mkm decreased 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. Robert W. Baird decreased their target price on Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday. Bank of America decreased their target price on Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Finally, B. Riley decreased their target price on Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $41.50.

Insider Buying and Selling at Fox Factory

In other Fox Factory news, CEO Michael C. Dennison purchased 4,800 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were purchased at an average cost of $41.44 per share, with a total value of $198,912.00. Following the completion of the purchase, the chief executive officer now owns 135,066 shares in the company, valued at $5,597,135.04. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.30% of the company’s stock.

Fox Factory Price Performance

Fox Factory stock opened at $34.02 on Friday. The stock’s 50 day moving average is $39.61 and its 200 day moving average is $43.31. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.13 and a quick ratio of 1.63. The firm has a market cap of $1.42 billion, a P/E ratio of 34.60, a P/E/G ratio of 2.52 and a beta of 1.64. Fox Factory Holding Corp. has a one year low of $31.19 and a one year high of $86.14.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). Fox Factory had a return on equity of 7.66% and a net margin of 3.07%. The company had revenue of $359.10 million during the quarter, compared to analyst estimates of $366.86 million. During the same period in the prior year, the firm earned $1.05 earnings per share. Fox Factory’s revenue was up 8.4% compared to the same quarter last year. As a group, research analysts expect that Fox Factory Holding Corp. will post 1.56 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.