Rhumbline Advisers Has $3.91 Million Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Rhumbline Advisers increased its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,275 shares of the company’s stock after purchasing an additional 1,790 shares during the quarter. Rhumbline Advisers owned 0.31% of Fox Factory worth $3,913,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. lifted its holdings in shares of Fox Factory by 595.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 247,435 shares of the company’s stock worth $7,490,000 after acquiring an additional 211,864 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Fox Factory by 271.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company’s stock worth $7,921,000 after buying an additional 139,512 shares during the period. Disciplined Growth Investors Inc. MN bought a new position in shares of Fox Factory in the 3rd quarter worth $5,743,000. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Fox Factory by 15.9% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 927,006 shares of the company’s stock worth $38,471,000 after purchasing an additional 127,187 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Fox Factory by 474.7% in the 3rd quarter. Barclays PLC now owns 122,806 shares of the company’s stock worth $5,097,000 after purchasing an additional 101,437 shares in the last quarter.

Fox Factory Stock Up 8.8 %

FOXF stock opened at $27.73 on Friday. Fox Factory Holding Corp. has a twelve month low of $25.17 and a twelve month high of $54.85. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.16 billion, a P/E ratio of 106.66, a PEG ratio of 1.45 and a beta of 1.58. The business’s 50-day moving average price is $27.88 and its 200-day moving average price is $33.83.

Fox Factory (NASDAQ:FOXF) last issued its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The company had revenue of $352.84 million for the quarter, compared to the consensus estimate of $321.31 million. On average, equities research analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Analyst Ratings Changes

FOXF has been the topic of a number of recent analyst reports. Robert W. Baird lowered their target price on Fox Factory from $38.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday. Roth Mkm reduced their target price on Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, November 1st. StockNews.com raised Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Stifel Nicolaus upgraded 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. Finally, Truist Financial cut their target price on Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $39.14.

Fox Factory Company 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.