US Bancorp DE Acquires 1,099 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

US Bancorp DE raised its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 2.6% during the third quarter, HoldingsChannel reports. The firm owned 42,844 shares of the company’s stock after acquiring an additional 1,099 shares during the quarter. US Bancorp DE’s holdings in Fox Factory were worth $1,778,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Fifth Third Bancorp boosted its stake in Fox Factory by 26.5% in the second quarter. Fifth Third Bancorp now owns 1,245 shares of the company’s stock valued at $60,000 after buying an additional 261 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 acquiring an additional 277 shares during the last quarter. Covestor Ltd boosted its stake in shares of Fox Factory by 31.8% in the 1st quarter. Covestor Ltd now owns 1,518 shares of the company’s stock valued at $79,000 after purchasing an additional 366 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in shares of Fox Factory by 1.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 37,006 shares of the company’s stock valued at $1,927,000 after purchasing an additional 395 shares during the last quarter. Finally, Park Avenue Securities LLC increased its position in Fox Factory by 7.3% during the 3rd quarter. Park Avenue Securities LLC now owns 6,023 shares of the company’s stock worth $250,000 after purchasing an additional 410 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FOXF. Robert W. Baird cut their target price on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Roth Mkm lowered their target price on Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, November 1st. B. Riley cut their price target 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. Truist Financial lowered their price objective on Fox Factory from $54.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Bank of America cut their target price on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. One equities research 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. According to data from MarketBeat, Fox Factory currently has a consensus rating of “Hold” and a consensus price target of $41.50.

Fox Factory Stock Performance

NASDAQ:FOXF opened at $35.98 on Thursday. The company has a market capitalization of $1.50 billion, a PE ratio of 138.39, a P/E/G ratio of 2.74 and a beta of 1.65. Fox Factory Holding Corp. has a fifty-two week low of $31.19 and a fifty-two week high of $70.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. The company has a 50 day simple moving average of $39.16 and a two-hundred day simple moving average of $43.13.

Fox Factory (NASDAQ:FOXF) last announced its earnings results on Thursday, October 31st. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). The firm had revenue of $359.10 million for the quarter, compared to the consensus estimate of $366.86 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. During the same period in the prior year, the business earned $1.05 EPS. Fox Factory’s quarterly revenue was up 8.4% on a year-over-year basis. Research analysts anticipate that Fox Factory Holding Corp. will post 1.32 earnings per share for the current year.

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.