Victory Capital Management Inc. Grows Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Victory Capital Management Inc. boosted its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 1.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 42,891 shares of the company’s stock after acquiring an additional 772 shares during the period. Victory Capital Management Inc.’s holdings in Fox Factory were worth $1,780,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Fox Factory by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 4,470,762 shares of the company’s stock valued at $232,793,000 after acquiring an additional 228,339 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Fox Factory by 10.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,571 shares of the company’s stock worth $1,488,000 after acquiring an additional 2,647 shares during the period. Silvercrest Asset Management Group LLC grew its position in Fox Factory by 0.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 126,945 shares of the company’s stock valued at $6,610,000 after buying an additional 535 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Fox Factory by 173.7% in the first quarter. Jane Street Group LLC now owns 181,873 shares of the company’s stock valued at $9,470,000 after acquiring an additional 115,432 shares in the last quarter. Finally, Motley Fool Asset Management LLC boosted its holdings in Fox Factory by 175.1% in the 1st quarter. Motley Fool Asset Management LLC now owns 42,064 shares of the company’s stock valued at $2,190,000 after purchasing an additional 26,776 shares in the last quarter.

Fox Factory Stock Performance

Fox Factory stock opened at $32.43 on Monday. Fox Factory Holding Corp. has a one year low of $30.92 and a one year high of $70.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. The firm has a market capitalization of $1.35 billion, a PE ratio of 124.74, a price-to-earnings-growth ratio of 2.63 and a beta of 1.65. The stock’s 50 day moving average price is $37.79 and its 200 day moving average price is $42.45.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings results 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 net margin of 0.78% and a return on equity of 5.23%. The firm had revenue of $359.10 million for the quarter, compared to analyst estimates of $366.86 million. During the same period in the prior year, the company posted $1.05 earnings per share. The business’s revenue was up 8.4% on a year-over-year basis. As a group, sell-side analysts expect that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.