Occudo Quantitative Strategies LP Makes New $349,000 Investment in Fox Factory Holding Corp. (NASDAQ:FOXF)

Occudo Quantitative Strategies LP bought a new position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) during the 4th quarter, Holdings Channel reports. The institutional investor bought 11,515 shares of the company’s stock, valued at approximately $349,000.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group decreased their price target on shares of Fox Factory from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Robert W. Baird decreased their price target on shares of Fox Factory from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, April 4th. Truist Financial raised their price target on shares of Fox Factory from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Stifel Nicolaus decreased their price target on shares of Fox Factory from $40.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Fox Factory presently has an average rating of “Hold” and a consensus price target of $36.43.

Fox Factory Price Performance

NASDAQ:FOXF opened at $25.78 on Friday. Fox Factory Holding Corp. has a 1-year low of $17.95 and a 1-year high of $54.86. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. The firm has a fifty day simple moving average of $22.40 and a 200 day simple moving average of $27.21. The stock has a market capitalization of $1.08 billion, a PE ratio of 99.16, a P/E/G ratio of 1.45 and a beta of 1.54.

Fox Factory (NASDAQ:FOXF) last released its earnings results on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The business had revenue of $355.03 million during the quarter, compared to analysts’ expectations of $330.71 million. During the same period last year, the business earned $0.29 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. On average, research analysts expect that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

About Fox Factory

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.