Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Acquired by Inspire Investing LLC

Inspire Investing LLC raised its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 32.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,163 shares of the company’s stock after purchasing an additional 3,253 shares during the period. Inspire Investing LLC’s holdings in Fox Factory were worth $398,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Assenagon Asset Management S.A. grew its holdings 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 valued at $7,490,000 after buying an additional 211,864 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Fox Factory by 271.6% during the third quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company’s stock valued at $7,921,000 after buying an additional 139,512 shares during the last quarter. Disciplined Growth Investors Inc. MN purchased a new stake in shares of Fox Factory during the third quarter valued at $5,743,000. ArrowMark Colorado Holdings LLC boosted its holdings in Fox Factory by 15.9% in the third quarter. ArrowMark Colorado Holdings LLC now owns 927,006 shares of the company’s stock valued at $38,471,000 after purchasing an additional 127,187 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Fox Factory by 474.7% in the third quarter. Barclays PLC now owns 122,806 shares of the company’s stock valued at $5,097,000 after purchasing an additional 101,437 shares during the last quarter.

Fox Factory Trading Down 4.3 %

Shares of Fox Factory stock opened at $28.44 on Wednesday. Fox Factory Holding Corp. has a fifty-two week low of $26.76 and a fifty-two week high of $69.46. 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 firm has a 50-day simple moving average of $30.21 and a two-hundred day simple moving average of $36.87. The company has a market cap of $1.19 billion, a P/E ratio of 109.39, a price-to-earnings-growth ratio of 1.58 and a beta of 1.60.

Fox Factory (NASDAQ:FOXF) last released 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 company had revenue of $359.10 million for the quarter, compared to analyst estimates of $366.86 million. During the same quarter last year, the company earned $1.05 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, equities analysts predict that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on FOXF shares. Truist Financial lowered their price target on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Stifel Nicolaus raised shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Wednesday, December 11th. Roth Mkm decreased their price objective on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Finally, Robert W. Baird decreased their price objective on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Fox Factory presently has an average rating of “Hold” and an average price target of $40.33.

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.