Victory Capital Management Inc. Grows Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Victory Capital Management Inc. raised its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 1.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 42,891 shares of the company’s stock after acquiring an additional 772 shares during the period. Victory Capital Management Inc. owned approximately 0.10% of Fox Factory worth $1,780,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Wesbanco Bank Inc. purchased a new stake in Fox Factory during the 2nd quarter valued at $626,000. Jane Street Group LLC boosted its position in Fox Factory by 173.7% in the first quarter. Jane Street Group LLC now owns 181,873 shares of the company’s stock worth $9,470,000 after purchasing an additional 115,432 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in Fox Factory by 25.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company’s stock worth $32,483,000 after purchasing an additional 135,542 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Fox Factory by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 4,470,762 shares of the company’s stock valued at $232,793,000 after purchasing an additional 228,339 shares during the last quarter. Finally, Van Berkom & Associates Inc. increased its position in shares of Fox Factory by 1.5% during the 2nd quarter. Van Berkom & Associates Inc. now owns 913,452 shares of the company’s stock valued at $44,019,000 after purchasing an additional 13,936 shares during the last quarter.

Analyst Upgrades and Downgrades

FOXF has been the topic of several analyst reports. Roth Mkm lowered their target price on Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Bank of America cut their target price on Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. B. Riley decreased their price target on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Robert W. Baird reduced their price objective on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, Truist Financial reduced their price objective on shares of Fox Factory from $54.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Fox Factory presently has an average rating of “Hold” and an average target price of $41.50.

Fox Factory Stock Performance

NASDAQ FOXF opened at $32.43 on Monday. The stock has a 50-day moving average of $37.79 and a 200 day moving average of $42.45. Fox Factory Holding Corp. has a twelve month low of $30.92 and a twelve month high of $70.13. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 124.74, a PEG ratio of 2.63 and a beta of 1.65. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62.

Fox Factory (NASDAQ:FOXF) last announced its earnings results on Thursday, October 31st. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $366.86 million. During the same quarter last year, the business earned $1.05 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. Sell-side analysts anticipate that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal 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.