JPMorgan Chase & Co. Buys 139,512 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

JPMorgan Chase & Co. lifted its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 271.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 190,870 shares of the company’s stock after buying an additional 139,512 shares during the quarter. JPMorgan Chase & Co.’s holdings in Fox Factory were worth $7,921,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares 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 position in shares of Fox Factory by 301.1% during the third quarter. Signaturefd LLC now owns 726 shares of the company’s stock valued at $30,000 after acquiring an additional 545 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Fox Factory during the third quarter valued at approximately $42,000. KBC Group NV raised its holdings in Fox Factory by 36.5% in the 3rd quarter. KBC Group NV now owns 1,377 shares of the company’s stock worth $57,000 after acquiring an additional 368 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in Fox Factory by 734.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,654 shares of the company’s stock valued at $128,000 after acquiring an additional 2,336 shares in the last quarter.

Fox Factory Trading Up 1.2 %

Shares of NASDAQ FOXF opened at $27.61 on Wednesday. Fox Factory Holding Corp. has a twelve month low of $26.76 and a twelve month high of $69.46. The firm has a market cap of $1.15 billion, a PE ratio of 106.20, a price-to-earnings-growth ratio of 2.55 and a beta of 1.60. The business has a fifty day simple moving average of $31.30 and a two-hundred day simple moving average of $38.31. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62.

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

Analysts Set New Price Targets

FOXF has been the topic of several recent analyst reports. Stifel Nicolaus raised 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. Truist Financial reduced their price target on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Roth Mkm lowered 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. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, Robert W. Baird dropped their price target on Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company 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.