Magnetar Financial LLC Purchases Shares of 6,816 Fox Factory Holding Corp. (NASDAQ:FOXF)

Magnetar Financial LLC acquired a new position in Fox Factory Holding Corp. (NASDAQ:FOXF) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 6,816 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds have also recently made changes to their positions in the stock. William Blair Investment Management LLC lifted its stake in Fox Factory by 17.1% during the fourth quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company’s stock worth $90,310,000 after purchasing an additional 434,998 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Fox Factory by 595.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 247,435 shares of the company’s stock valued at $7,490,000 after buying an additional 211,864 shares during the period. JPMorgan Chase & Co. boosted its holdings in Fox Factory by 271.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company’s stock valued at $7,921,000 after acquiring an additional 139,512 shares during the period. Disciplined Growth Investors Inc. MN purchased a new position in Fox Factory during the 3rd quarter valued at about $5,743,000. Finally, ArrowMark Colorado Holdings LLC grew its position in 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 in the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on FOXF shares. Truist Financial reduced their price target 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. Stifel Nicolaus raised shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Wednesday, December 11th. Robert W. Baird reduced their price objective on Fox Factory from $38.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, February 28th. StockNews.com upgraded Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Finally, Jefferies Financial Group cut their price target on Fox Factory from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.14.

Fox Factory Trading Up 0.5 %

NASDAQ:FOXF opened at $25.02 on Monday. 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 Holding Corp. has a 1 year low of $23.91 and a 1 year high of $54.86. The stock has a market cap of $1.04 billion, a P/E ratio of 96.23, a P/E/G ratio of 1.45 and a beta of 1.65. The stock has a 50-day simple moving average of $26.67 and a 200-day simple moving average of $32.10.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The firm had revenue of $352.84 million during the quarter, compared to the consensus estimate of $321.31 million. As a group, analysts anticipate that Fox Factory Holding Corp. will post 1.31 earnings per share 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.