Brookstone Capital Management boosted its stake in Fox Factory Holding Corp. (NASDAQ:FOXF – Get Rating) by 8.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 3,768 shares of the company’s stock after purchasing an additional 297 shares during the quarter. Brookstone Capital Management’s holdings in Fox Factory were worth $355,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Covestor Ltd purchased a new stake in shares of Fox Factory in the 4th quarter worth about $38,000. Eaton Vance Management lifted its holdings in Fox Factory by 390.8% in the fourth quarter. Eaton Vance Management now owns 1,070 shares of the company’s stock worth $136,000 after buying an additional 852 shares during the period. FourThought Financial LLC boosted its position in Fox Factory by 15.1% during the 4th quarter. FourThought Financial LLC now owns 817 shares of the company’s stock valued at $139,000 after acquiring an additional 107 shares in the last quarter. CVA Family Office LLC purchased a new position in shares of Fox Factory during the 4th quarter worth approximately $139,000. Finally, Van ECK Associates Corp grew its holdings in shares of Fox Factory by 15.2% during the 4th quarter. Van ECK Associates Corp now owns 877 shares of the company’s stock worth $149,000 after acquiring an additional 116 shares during the period. 99.49% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on the company. Jefferies Financial Group dropped their price target on Fox Factory from $140.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday. TheStreet downgraded shares of Fox Factory from a “b” rating to a “c+” rating in a research report on Thursday, March 10th. Truist Financial decreased their price target on shares of Fox Factory from $200.00 to $175.00 in a research note on Monday, February 28th. Finally, StockNews.com assumed coverage on Fox Factory in a report on Thursday, March 31st. They issued a “hold” rating on the stock.
Shares of Fox Factory stock opened at $84.64 on Monday. Fox Factory Holding Corp. has a 52-week low of $69.28 and a 52-week high of $190.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.93 and a current ratio of 3.05. The company has a 50-day simple moving average of $82.05 and a two-hundred day simple moving average of $111.40. The stock has a market capitalization of $3.57 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 0.81 and a beta of 1.80.
Fox Factory (NASDAQ:FOXF – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.19. The firm had revenue of $377.98 million for the quarter, compared to analysts’ expectations of $335.60 million. Fox Factory had a return on equity of 23.11% and a net margin of 12.46%. The company’s revenue was up 34.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 EPS. As a group, equities research analysts forecast that Fox Factory Holding Corp. will post 5.16 EPS for the current fiscal year.
Fox Factory Profile (Get Rating)
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers mid-end and high-end front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and 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.
Further Reading
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