Zurcher Kantonalbank Zurich Cantonalbank Acquires 785 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 7.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,972 shares of the company’s stock after purchasing an additional 785 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Fox Factory were worth $455,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its stake in Fox Factory by 25,005.1% in the second quarter. Pacer Advisors Inc. now owns 1,585,136 shares of the company’s stock valued at $76,388,000 after buying an additional 1,578,822 shares during the period. William Blair Investment Management LLC bought a new position in Fox Factory during the second quarter worth $53,294,000. D. E. Shaw & Co. Inc. boosted its stake in Fox Factory by 25.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company’s stock worth $32,483,000 after acquiring an additional 135,542 shares in the last quarter. Public Sector Pension Investment Board bought a new stake in Fox Factory in the second quarter valued at $4,414,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Fox Factory by 25.6% during the second quarter. Envestnet Asset Management Inc. now owns 240,795 shares of the company’s stock valued at $11,604,000 after purchasing an additional 49,062 shares during the period.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Truist Financial reduced their target price 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. StockNews.com upgraded Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Bank of America cut their target price on Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Robert W. Baird decreased their price target on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, Roth Mkm reduced their price objective on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $41.50.

Fox Factory Price Performance

Shares of NASDAQ:FOXF opened at $30.67 on Friday. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.28 billion, a PE ratio of 117.96, a price-to-earnings-growth ratio of 2.58 and a beta of 1.60. The stock’s fifty day simple moving average is $35.84 and its two-hundred day simple moving average is $41.42. Fox Factory Holding Corp. has a 1-year low of $30.13 and a 1-year high of $70.13.

Fox Factory (NASDAQ:FOXF) last released 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). 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 for the quarter, compared to analysts’ expectations of $366.86 million. During the same quarter last year, the firm posted $1.05 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal 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.