Swiss National Bank Purchases 700 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Swiss National Bank lifted its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 82,000 shares of the company’s stock after buying an additional 700 shares during the quarter. Swiss National Bank’s holdings in Fox Factory were worth $2,482,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FOXF. Wealthfront Advisers LLC acquired a new stake in Fox Factory in the fourth quarter valued at $3,046,000. Inceptionr LLC acquired a new stake in shares of Fox Factory in the fourth quarter valued at about $249,000. Raymond James Financial Inc. bought a new position in shares of Fox Factory during the fourth quarter worth about $2,543,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Fox Factory by 13.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 622,745 shares of the company’s stock worth $18,850,000 after acquiring an additional 73,110 shares during the period. Finally, Norden Group LLC lifted its stake in shares of Fox Factory by 24.3% in the fourth quarter. Norden Group LLC now owns 16,163 shares of the company’s stock worth $489,000 after acquiring an additional 3,165 shares during the period.

Fox Factory Trading Down 1.6 %

FOXF opened at $25.74 on Friday. Fox Factory Holding Corp. has a fifty-two week low of $23.91 and a fifty-two week high of $54.86. The firm has a market capitalization of $1.07 billion, a PE ratio of 99.00, a P/E/G ratio of 1.45 and a beta of 1.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The company’s 50-day moving average is $26.50 and its 200 day moving average is $31.82.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $321.31 million. As a group, research analysts predict that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on FOXF shares. StockNews.com upgraded shares of Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Truist Financial lowered their target price on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Jefferies Financial Group dropped their price objective on Fox Factory from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Robert W. Baird reduced their price target on shares of Fox Factory from $38.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, February 28th. Finally, Stifel Nicolaus raised shares of 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.14.

Fox Factory 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.