Charles Schwab Investment Management Inc. Boosts Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Charles Schwab Investment Management Inc. boosted its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 13.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 622,745 shares of the company’s stock after purchasing an additional 73,110 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.49% of Fox Factory worth $18,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Disciplined Growth Investors Inc. MN purchased a new stake in Fox Factory in the 3rd quarter worth approximately $5,743,000. Caprock Group LLC lifted its stake in Fox Factory by 133.7% in the 4th quarter. Caprock Group LLC now owns 22,396 shares of the company’s stock worth $678,000 after purchasing an additional 12,813 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Fox Factory by 89.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 68,532 shares of the company’s stock worth $2,844,000 after purchasing an additional 32,263 shares in the last quarter. Mutual of America Capital Management LLC raised its position in shares of Fox Factory by 1,569.2% during the 4th quarter. Mutual of America Capital Management LLC now owns 104,657 shares of the company’s stock valued at $3,168,000 after buying an additional 98,387 shares in the last quarter. Finally, Angeles Wealth Management LLC purchased a new stake in shares of Fox Factory during the 4th quarter valued at $1,710,000.

Wall Street Analysts Forecast Growth

FOXF has been the topic of several research reports. 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. Truist Financial lowered their price objective on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. StockNews.com upgraded shares of Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Jefferies Financial Group lowered their price objective on shares of Fox Factory from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Finally, Robert W. Baird decreased their target price on shares of Fox Factory from $38.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, February 28th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $39.14.

Fox Factory Price Performance

Shares of NASDAQ:FOXF opened at $25.41 on Thursday. The stock has a market cap of $1.06 billion, a PE ratio of 97.73, a PEG ratio of 1.45 and a beta of 1.65. Fox Factory Holding Corp. has a 52 week low of $23.91 and a 52 week high of $54.86. 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 company’s fifty day moving average is $26.81 and its 200 day moving average is $32.37.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The business had revenue of $352.84 million for the quarter, compared to analyst estimates of $321.31 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. Research analysts anticipate that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

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.