nVerses Capital LLC Buys Shares of 1,000 Fox Factory Holding Corp. (NASDAQ:FOXF)

nVerses Capital LLC bought a new position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,000 shares of the company’s stock, valued at approximately $42,000.

Several other institutional investors also recently modified their holdings of FOXF. Pacer Advisors Inc. grew its position in Fox Factory by 25,005.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,585,136 shares of the company’s stock worth $76,388,000 after acquiring an additional 1,578,822 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of Fox Factory during the second quarter worth about $53,294,000. Norden Group LLC increased its stake in shares of Fox Factory by 3,378.1% in the first quarter. Norden Group LLC now owns 286,420 shares of the company’s stock valued at $14,914,000 after buying an additional 278,185 shares during the period. Vanguard Group Inc. raised its holdings in Fox Factory by 5.4% in the 1st 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 last quarter. Finally, D. E. Shaw & Co. Inc. boosted its position in Fox Factory by 25.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company’s stock worth $32,483,000 after buying an additional 135,542 shares during the period.

Fox Factory Stock Performance

Shares of FOXF opened at $37.39 on Wednesday. The company has a current ratio of 3.13, a quick ratio of 1.63 and a debt-to-equity ratio of 0.61. The firm’s fifty day simple moving average is $40.10 and its two-hundred day simple moving average is $43.64. Fox Factory Holding Corp. has a 12 month low of $34.56 and a 12 month high of $86.33. The stock has a market capitalization of $1.56 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 2.67 and a beta of 1.64.

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

Insider Activity at Fox Factory

In related news, CEO Michael C. Dennison purchased 4,800 shares of Fox Factory stock in a transaction on Tuesday, August 6th. The stock was acquired at an average cost of $41.44 per share, for a total transaction of $198,912.00. Following the completion of the acquisition, the chief executive officer now owns 135,066 shares of the company’s stock, valued at $5,597,135.04. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on FOXF. Truist Financial decreased their price target 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. Bank of America decreased their price objective on Fox Factory from $53.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Robert W. Baird cut their target price on Fox Factory from $48.00 to $45.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, B. Riley decreased their price target on Fox Factory from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $46.17.

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.