HighTower Advisors LLC Has $243,000 Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

HighTower Advisors LLC grew its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 23.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,880 shares of the company’s stock after purchasing an additional 1,131 shares during the period. HighTower Advisors LLC’s holdings in Fox Factory were worth $243,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. D. E. Shaw & Co. Inc. lifted its position in shares of Fox Factory by 25.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company’s stock worth $32,483,000 after purchasing an additional 135,542 shares in the last quarter. Victory Capital Management Inc. increased its position in Fox Factory by 223.3% during the second quarter. Victory Capital Management Inc. now owns 42,119 shares of the company’s stock worth $2,030,000 after acquiring an additional 29,092 shares during the period. Thrivent Financial for Lutherans raised its stake in Fox Factory by 89.0% in the third quarter. Thrivent Financial for Lutherans now owns 68,532 shares of the company’s stock valued at $2,844,000 after purchasing an additional 32,263 shares in the last quarter. Van Berkom & Associates Inc. increased its stake in shares of Fox Factory by 1.5% in the 2nd quarter. Van Berkom & Associates Inc. now owns 913,452 shares of the company’s stock valued at $44,019,000 after purchasing an additional 13,936 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Fox Factory by 5.7% in the 3rd quarter. Royce & Associates LP now owns 302,349 shares of the company’s stock valued at $12,547,000 after purchasing an additional 16,410 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FOXF shares. StockNews.com raised Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Robert W. Baird lowered their price objective on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. 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 research report on Wednesday, December 11th. Roth Mkm lowered their price objective on Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, Truist Financial cut their target price on shares of Fox Factory from $54.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Fox Factory has a consensus rating of “Hold” and a consensus target price of $40.67.

Fox Factory Stock Performance

FOXF stock opened at $29.17 on Wednesday. The stock has a market capitalization of $1.22 billion, a PE ratio of 112.20, a price-to-earnings-growth ratio of 2.67 and a beta of 1.60. The stock’s 50 day simple moving average is $33.60 and its 200 day simple moving average is $40.14. Fox Factory Holding Corp. has a 12-month low of $28.75 and a 12-month high of $70.13. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62.

Fox Factory (NASDAQ:FOXF) last announced its earnings results on Thursday, October 31st. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The company had revenue of $359.10 million for the quarter, compared to analysts’ expectations of $366.86 million. During the same quarter in the prior year, the firm posted $1.05 earnings per share. Fox Factory’s quarterly revenue was up 8.4% on a year-over-year basis. As a group, research analysts forecast that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal 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.