Counterpoint Mutual Funds LLC Purchases Shares of 11,482 Fox Factory Holding Corp. (NASDAQ:FOXF)

Counterpoint Mutual Funds LLC purchased a new stake in Fox Factory Holding Corp. (NASDAQ:FOXF) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,482 shares of the company’s stock, valued at approximately $348,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV boosted its position in Fox Factory by 36.5% in the third quarter. KBC Group NV now owns 1,377 shares of the company’s stock valued at $57,000 after buying an additional 368 shares in the last quarter. HighTower Advisors LLC boosted its position in Fox Factory by 23.8% in the third quarter. HighTower Advisors LLC now owns 5,880 shares of the company’s stock valued at $243,000 after buying an additional 1,131 shares in the last quarter. Diversify Wealth Management LLC boosted its position in Fox Factory by 10.1% in the fourth quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company’s stock valued at $207,000 after buying an additional 680 shares in the last quarter. FMR LLC lifted its position in shares of Fox Factory by 65.8% during the third quarter. FMR LLC now owns 7,674 shares of the company’s stock worth $318,000 after purchasing an additional 3,045 shares in the last quarter. Finally, Readystate Asset Management LP acquired a new position in shares of Fox Factory during the third quarter worth approximately $319,000.

Fox Factory Trading Down 0.3 %

FOXF opened at $24.72 on Tuesday. 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 company has a market cap of $1.03 billion, a price-to-earnings ratio of 95.08, a price-to-earnings-growth ratio of 1.45 and a beta of 1.65. The firm has a 50 day simple moving average of $26.97 and a 200 day simple moving average of $32.52. Fox Factory Holding Corp. has a fifty-two week low of $23.91 and a fifty-two week high of $54.86.

Fox Factory (NASDAQ:FOXF) last issued its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $321.31 million. On average, sell-side analysts anticipate that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FOXF. Truist Financial reduced 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. Stifel Nicolaus upgraded shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Wednesday, December 11th. Jefferies Financial Group reduced their target price on shares of Fox Factory from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Robert W. Baird reduced their target price on shares of Fox Factory from $38.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, February 28th. Finally, StockNews.com upgraded shares of Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $39.14.

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.