Balyasny Asset Management L.P. Has $6.25 Million Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Balyasny Asset Management L.P. boosted its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 1,085.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 206,440 shares of the company’s stock after purchasing an additional 189,029 shares during the quarter. Balyasny Asset Management L.P. owned 0.50% of Fox Factory worth $6,249,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FOXF. Quarry LP acquired a new stake in shares of Fox Factory in the fourth quarter valued at approximately $45,000. KBC Group NV raised its holdings in Fox Factory by 80.4% in the 4th quarter. KBC Group NV now owns 2,484 shares of the company’s stock valued at $75,000 after acquiring an additional 1,107 shares in the last quarter. TD Waterhouse Canada Inc. bought a new stake in shares of Fox Factory during the 4th quarter valued at $143,000. Magnetar Financial LLC bought a new position in shares of Fox Factory in the fourth quarter worth $206,000. Finally, Aristides Capital LLC bought a new stake in Fox Factory during the fourth quarter worth about $206,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FOXF. Truist Financial dropped their target price on shares of Fox Factory from $40.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Jefferies Financial Group reduced their target price on Fox Factory from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Robert W. Baird lowered their price target on Fox Factory from $32.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, April 4th. Finally, Stifel Nicolaus decreased their target price on Fox Factory from $40.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $35.00.

Fox Factory Stock Performance

Shares of FOXF stock opened at $23.74 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. Fox Factory Holding Corp. has a one year low of $17.95 and a one year high of $54.86. The business’s 50 day simple moving average is $22.43 and its 200 day simple moving average is $27.52. The stock has a market capitalization of $990.24 million, a PE ratio of 91.31, a PEG ratio of 1.45 and a beta of 1.54.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $355.03 million for the quarter, compared to analysts’ expectations of $330.71 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 earnings per share. As a group, research analysts forecast that Fox Factory Holding Corp. will post 1.31 earnings per share for the current 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.