JPMorgan Chase & Co. Increases Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

JPMorgan Chase & Co. boosted its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 271.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 190,870 shares of the company’s stock after buying an additional 139,512 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.46% of Fox Factory worth $7,921,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FOXF. GAMMA Investing LLC increased its position in shares of Fox Factory by 86.0% during the third quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock valued at $25,000 after acquiring an additional 277 shares during the last quarter. Signaturefd LLC grew its stake in Fox Factory by 301.1% in the 3rd quarter. Signaturefd LLC now owns 726 shares of the company’s stock valued at $30,000 after purchasing an additional 545 shares during the period. nVerses Capital LLC purchased a new stake in shares of Fox Factory during the 3rd quarter valued at $42,000. KBC Group NV boosted its holdings in shares of Fox Factory by 36.5% in the 3rd quarter. KBC Group NV now owns 1,377 shares of the company’s stock worth $57,000 after buying an additional 368 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in Fox Factory by 734.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,654 shares of the company’s stock valued at $128,000 after buying an additional 2,336 shares during the period.

Analyst Ratings Changes

A number of research firms have recently weighed in on FOXF. Roth Mkm reduced their target price on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus raised Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Wednesday, December 11th. StockNews.com raised Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Truist Financial decreased their price objective on Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Finally, Robert W. Baird cut their target price on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Fox Factory currently has a consensus rating of “Hold” and a consensus target price of $40.33.

Fox Factory Stock Performance

Shares of FOXF opened at $27.61 on Wednesday. Fox Factory Holding Corp. has a one year low of $26.76 and a one year high of $69.46. The company has a 50-day simple moving average of $31.30 and a two-hundred day simple moving average of $38.31. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The firm has a market capitalization of $1.15 billion, a PE ratio of 106.20, a price-to-earnings-growth ratio of 2.55 and a beta of 1.60.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The firm had revenue of $359.10 million during the quarter, compared to the consensus estimate of $366.86 million. During the same quarter last year, the company posted $1.05 EPS. Fox Factory’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts anticipate that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

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.