D. E. Shaw & Co. Inc. Acquires 135,542 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

D. E. Shaw & Co. Inc. lifted its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 25.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 674,051 shares of the company’s stock after purchasing an additional 135,542 shares during the period. D. E. Shaw & Co. Inc. owned about 1.62% of Fox Factory worth $32,483,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Fox Factory in the 4th quarter worth about $31,429,000. Quest Partners LLC purchased a new position in Fox Factory during the 4th quarter worth $31,000. Franklin Resources Inc. raised its position in Fox Factory by 867.7% during the 4th quarter. Franklin Resources Inc. now owns 55,132 shares of the company’s stock valued at $3,720,000 after purchasing an additional 49,435 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Fox Factory in the 4th quarter worth $1,423,000. Finally, TFO Wealth Partners LLC grew its position in shares of Fox Factory by 14,180.0% during the 4th quarter. TFO Wealth Partners LLC now owns 714 shares of the company’s stock worth $48,000 after buying an additional 709 shares in the last quarter.

Fox Factory Trading Up 0.5 %

Shares of Fox Factory stock opened at $41.81 on Friday. The stock has a market cap of $1.74 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 2.92 and a beta of 1.63. The firm has a fifty day moving average price of $42.01 and a 200 day moving average price of $44.77. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.13 and a quick ratio of 1.63. Fox Factory Holding Corp. has a 1 year low of $34.56 and a 1 year high of $100.82.

Fox Factory (NASDAQ:FOXF) last posted its earnings results on Thursday, August 1st. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.03. The firm had revenue of $348.49 million during the quarter, compared to analysts’ expectations of $346.22 million. Fox Factory had a net margin of 3.07% and a return on equity of 7.66%. The business’s revenue was down 13.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.21 EPS. Equities research analysts predict that Fox Factory Holding Corp. will post 1.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Bank of America lowered their price objective on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Robert W. Baird dropped their price objective on shares of Fox Factory from $48.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. B. Riley cut their target price on Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Truist Financial decreased their target price on shares of Fox Factory from $55.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Fox Factory currently has an average rating of “Hold” and a consensus target price of $46.17.

Insider Activity at Fox Factory

In other Fox Factory news, CEO Michael C. Dennison acquired 4,800 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average cost of $41.44 per share, with a total value of $198,912.00. Following the completion of the acquisition, the chief executive officer now owns 135,066 shares in the company, valued at $5,597,135.04. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by company insiders.

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.