HighTower Advisors LLC Purchases 1,131 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

HighTower Advisors LLC grew its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 23.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,880 shares of the company’s stock after acquiring an additional 1,131 shares during the quarter. HighTower Advisors LLC’s holdings in Fox Factory were worth $243,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp boosted its stake in shares of Fox Factory by 26.5% in the second quarter. Fifth Third Bancorp now owns 1,245 shares of the company’s stock worth $60,000 after acquiring an additional 261 shares during the period. GAMMA Investing LLC increased its holdings in Fox Factory by 86.0% during the 3rd quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock worth $25,000 after purchasing an additional 277 shares during the period. KBC Group NV raised its stake in Fox Factory by 36.5% in the third quarter. KBC Group NV now owns 1,377 shares of the company’s stock worth $57,000 after buying an additional 368 shares in the last quarter. Park Avenue Securities LLC boosted its stake in Fox Factory by 7.3% in the third quarter. Park Avenue Securities LLC now owns 6,023 shares of the company’s stock valued at $250,000 after acquiring an additional 410 shares in the last quarter. Finally, FORA Capital LLC grew its position in Fox Factory by 5.9% during the 3rd quarter. FORA Capital LLC now owns 9,117 shares of the company’s stock worth $378,000 after purchasing an additional 507 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have commented on FOXF. 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. StockNews.com upgraded Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Roth Mkm cut their target price on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Truist Financial dropped their target price on Fox Factory from $54.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Robert W. Baird cut their price target on Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Fox Factory presently has an average rating of “Hold” and a consensus price target of $40.67.

Fox Factory Price Performance

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

Fox Factory (NASDAQ:FOXF) last issued its earnings results on Thursday, October 31st. The company reported $0.35 earnings per share (EPS) 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 analyst estimates of $366.86 million. During the same period last year, the business earned $1.05 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. As a group, equities research analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

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.