KBC Group NV Increases Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

KBC Group NV lifted its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 36.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,377 shares of the company’s stock after purchasing an additional 368 shares during the quarter. KBC Group NV’s holdings in Fox Factory were worth $57,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Fox Factory by 5.4% during the first quarter. Vanguard Group Inc. now owns 4,470,762 shares of the company’s stock valued at $232,793,000 after buying an additional 228,339 shares during the period. Magnetar Financial LLC bought a new stake in Fox Factory during the 1st quarter worth approximately $291,000. Price T Rowe Associates Inc. MD lifted its stake in Fox Factory by 10.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,571 shares of the company’s stock worth $1,488,000 after purchasing an additional 2,647 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in Fox Factory by 0.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 126,945 shares of the company’s stock valued at $6,610,000 after purchasing an additional 535 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Fox Factory by 173.7% during the 1st quarter. Jane Street Group LLC now owns 181,873 shares of the company’s stock valued at $9,470,000 after purchasing an additional 115,432 shares in the last quarter.

Fox Factory Price Performance

Shares of Fox Factory stock opened at $32.43 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. Fox Factory Holding Corp. has a 52-week low of $30.92 and a 52-week high of $70.13. The company has a fifty day moving average of $37.79 and a 200-day moving average of $42.48. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 124.74, a price-to-earnings-growth ratio of 2.63 and a beta of 1.65.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on FOXF shares. Bank of America lowered their price objective 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. Truist Financial dropped their price target on Fox Factory from $54.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, November 1st. B. Riley decreased their price objective on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Roth Mkm dropped their target price 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 target 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $41.50.

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.