Headlands Technologies LLC Increases Stake in Fox Factory Holding Corp. (NASDAQ:FOXF)

Headlands Technologies LLC raised its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 181.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,462 shares of the company’s stock after acquiring an additional 6,096 shares during the quarter. Headlands Technologies LLC’s holdings in Fox Factory were worth $286,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. B. Metzler seel. Sohn & Co. AG acquired a new stake in Fox Factory in the 4th quarter valued at about $494,000. Advantage Alpha Capital Partners LP lifted its stake in Fox Factory by 30.8% in the fourth quarter. Advantage Alpha Capital Partners LP now owns 68,221 shares of the company’s stock worth $2,065,000 after acquiring an additional 16,081 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Fox Factory in the 4th quarter valued at approximately $913,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Fox Factory in the 4th quarter valued at $230,000. Finally, American Century Companies Inc. lifted its position in shares of Fox Factory by 48.5% during the 4th quarter. American Century Companies Inc. now owns 29,156 shares of the company’s stock worth $883,000 after purchasing an additional 9,522 shares during the last quarter.

Fox Factory Stock Up 0.2 %

Shares of 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 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 Holding Corp. has a 1-year low of $18.69 and a 1-year high of $54.86. The firm has a fifty day moving average price of $25.79 and a 200 day moving average price of $31.22.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FOXF. Robert W. Baird cut their price target on Fox Factory from $32.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday. Jefferies Financial Group decreased their target price 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. Stifel Nicolaus upgraded shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Wednesday, December 11th. Finally, Truist Financial dropped their target price 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. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.14.

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.