Intech Investment Management LLC Invests $541,000 in Fox Factory Holding Corp. (NASDAQ:FOXF)

Intech Investment Management LLC purchased a new position in Fox Factory Holding Corp. (NASDAQ:FOXF) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,028 shares of the company’s stock, valued at approximately $541,000.

Several other institutional investors have also made changes to their positions in the company. Segall Bryant & Hamill LLC lifted its position in Fox Factory by 2.0% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 194,807 shares of the company’s stock worth $8,084,000 after acquiring an additional 3,766 shares during the last quarter. Caprock Group LLC bought a new position in shares of Fox Factory during the 3rd quarter worth approximately $398,000. Thrivent Financial for Lutherans boosted its stake in shares of Fox Factory by 89.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 68,532 shares of the company’s stock valued at $2,844,000 after purchasing an additional 32,263 shares in the last quarter. Royce & Associates LP boosted its position in Fox Factory by 5.7% in the third quarter. Royce & Associates LP now owns 302,349 shares of the company’s stock valued at $12,547,000 after buying an additional 16,410 shares in the last quarter. Finally, Zions Bancorporation N.A. increased its holdings in Fox Factory by 17.1% during the 3rd quarter. Zions Bancorporation N.A. now owns 30,932 shares of the company’s stock valued at $1,284,000 after purchasing an additional 4,510 shares in the last quarter.

Wall Street Analyst Weigh In

FOXF has been the subject of a number of recent research reports. Robert W. Baird dropped their target price on Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. StockNews.com raised Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday. Roth Mkm dropped their price objective on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Truist Financial lowered their target price on shares of Fox Factory from $54.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Bank of America dropped their price objective on Fox Factory from $53.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $41.50.

Fox Factory Trading Up 0.6 %

Shares of Fox Factory stock opened at $32.48 on Monday. The stock has a market capitalization of $1.35 billion, a P/E ratio of 124.93, a P/E/G ratio of 2.65 and a beta of 1.65. 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 stock’s 50-day simple moving average is $36.92 and its 200 day simple moving average is $41.96. Fox Factory Holding Corp. has a 52-week low of $30.92 and a 52-week high of $70.13.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.07). The company 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%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 earnings per share. As a group, research analysts anticipate that Fox Factory Holding Corp. will post 1.31 EPS for the current 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.