Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 89.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,532 shares of the company’s stock after purchasing an additional 32,263 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Fox Factory were worth $2,844,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its holdings in shares of Fox Factory by 25,005.1% during the second quarter. Pacer Advisors Inc. now owns 1,585,136 shares of the company’s stock valued at $76,388,000 after purchasing an additional 1,578,822 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in Fox Factory in the second quarter worth $53,294,000. Vanguard Group Inc. lifted its stake in Fox Factory by 5.4% in the first quarter. Vanguard Group Inc. now owns 4,470,762 shares of the company’s stock valued at $232,793,000 after buying an additional 228,339 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Fox Factory by 25.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company’s stock valued at $32,483,000 after acquiring an additional 135,542 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Fox Factory by 173.7% during the first quarter. Jane Street Group LLC now owns 181,873 shares of the company’s stock worth $9,470,000 after acquiring an additional 115,432 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FOXF. B. Riley cut their price objective on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Truist Financial cut their price target on Fox Factory from $54.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Bank of America lowered their target price on Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Roth Mkm reduced their price target on Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Finally, Robert W. Baird lowered their price target on Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $41.50.

Fox Factory Price Performance

NASDAQ:FOXF opened at $31.73 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. The business’s 50-day moving average price is $37.67 and its 200 day moving average price is $42.35. Fox Factory Holding Corp. has a 52-week low of $30.92 and a 52-week high of $70.13. The firm has a market cap of $1.32 billion, a P/E ratio of 122.04, a PEG ratio of 2.64 and a beta of 1.65.

Fox Factory (NASDAQ:FOXF) last announced 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 return on equity of 5.23% and a net margin of 0.78%. The business had revenue of $359.10 million during the quarter, compared to analyst estimates of $366.86 million. During the same period in the prior year, the firm earned $1.05 EPS. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, sell-side analysts predict 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.