SG Americas Securities LLC Makes New $544,000 Investment in Fox Factory Holding Corp. (NASDAQ:FOXF)

SG Americas Securities LLC purchased a new stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 17,988 shares of the company’s stock, valued at approximately $544,000.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in Fox Factory by 86.0% in the third quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock worth $25,000 after buying an additional 277 shares during the last quarter. Signaturefd LLC increased its holdings in Fox Factory by 301.1% in the 3rd quarter. Signaturefd LLC now owns 726 shares of the company’s stock worth $30,000 after buying an additional 545 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Fox Factory in the third quarter worth approximately $42,000. KBC Group NV raised its holdings in shares of Fox Factory by 36.5% during the third quarter. KBC Group NV now owns 1,377 shares of the company’s stock valued at $57,000 after purchasing an additional 368 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in Fox Factory in the second quarter worth approximately $268,000.

Fox Factory Stock Performance

FOXF opened at $27.32 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. Fox Factory Holding Corp. has a 1-year low of $26.76 and a 1-year high of $69.46. The company has a 50 day simple moving average of $29.95 and a two-hundred day simple moving average of $36.59. The firm has a market cap of $1.14 billion, a P/E ratio of 105.08, a PEG ratio of 1.53 and a beta of 1.60.

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

Wall Street Analysts Forecast Growth

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

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.