B. Metzler seel. Sohn & Co. AG Invests $494,000 in Fox Factory Holding Corp. (NASDAQ:FOXF)

B. Metzler seel. Sohn & Co. AG acquired a new stake in Fox Factory Holding Corp. (NASDAQ:FOXF) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 16,334 shares of the company’s stock, valued at approximately $494,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in Fox Factory by 7.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 549,635 shares of the company’s stock valued at $22,810,000 after purchasing an additional 37,325 shares during the period. FMR LLC boosted its stake in Fox Factory by 65.8% in the third quarter. FMR LLC now owns 7,674 shares of the company’s stock valued at $318,000 after acquiring an additional 3,045 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Fox Factory by 7.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,972 shares of the company’s stock worth $455,000 after acquiring an additional 785 shares during the period. Benjamin Edwards Inc. grew its holdings in Fox Factory by 97.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 11,400 shares of the company’s stock worth $473,000 after acquiring an additional 5,617 shares during the period. Finally, Holocene Advisors LP raised its position in shares of Fox Factory by 19.0% during the 3rd quarter. Holocene Advisors LP now owns 71,756 shares of the company’s stock valued at $2,978,000 after acquiring an additional 11,467 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FOXF shares. Robert W. Baird decreased their price objective on Fox Factory from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday. Truist Financial reduced their target price on Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Jefferies Financial Group lowered their price target on Fox Factory from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, February 28th. 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 note on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $38.14.

Fox Factory Trading Up 0.2 %

NASDAQ FOXF opened at $20.95 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The stock’s 50-day moving average is $25.79 and its 200-day moving average is $31.22. Fox Factory Holding Corp. has a one year low of $18.69 and a one year high of $54.86. The firm has a market cap of $873.87 million, a P/E ratio of 80.58, a P/E/G ratio of 1.45 and a beta of 1.65.

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

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.