Norden Group LLC Buys 3,165 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Norden Group LLC raised its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 24.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,163 shares of the company’s stock after purchasing an additional 3,165 shares during the period. Norden Group LLC’s holdings in Fox Factory were worth $489,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp lifted its holdings in shares of Fox Factory by 0.4% in the 3rd quarter. State Street Corp now owns 1,596,222 shares of the company’s stock valued at $66,243,000 after acquiring an additional 6,308 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Fox Factory by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,002,109 shares of the company’s stock valued at $41,595,000 after acquiring an additional 8,474 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Fox Factory by 15.9% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 927,006 shares of the company’s stock valued at $38,471,000 after acquiring an additional 127,187 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Fox Factory by 7.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 549,635 shares of the company’s stock valued at $22,810,000 after acquiring an additional 37,325 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Fox Factory by 5.7% in the 3rd quarter. Royce & Associates LP now owns 302,349 shares of the company’s stock valued at $12,547,000 after acquiring an additional 16,410 shares during the last quarter.

Fox Factory Stock Performance

Shares of NASDAQ:FOXF opened at $27.25 on Tuesday. The firm has a market cap of $1.14 billion, a PE ratio of 104.81, a price-to-earnings-growth ratio of 1.45 and a beta of 1.58. The firm’s 50 day simple moving average is $27.84 and its 200-day simple moving average is $33.66. Fox Factory Holding Corp. has a one year low of $25.17 and a one year high of $54.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21.

Fox Factory (NASDAQ:FOXF) last issued its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The business had revenue of $352.84 million for the quarter, compared to analyst estimates of $321.31 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. As a group, equities analysts predict that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Robert W. Baird lowered their price target on shares of Fox Factory from $38.00 to $32.00 and set a “neutral” rating for the company in a report on Friday. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Truist Financial reduced their price objective on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Jefferies Financial Group reduced their price objective on shares of Fox Factory from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Stifel Nicolaus raised shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $39.14.

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.