Norden Group LLC Grows Stake in Fox Factory Holding Corp. (NASDAQ:FOXF)

Norden Group LLC grew its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 24.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,163 shares of the company’s stock after purchasing an additional 3,165 shares during the period. Norden Group LLC’s holdings in Fox Factory were worth $489,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FOXF. KBC Group NV grew its holdings in Fox Factory by 36.5% in the third quarter. KBC Group NV now owns 1,377 shares of the company’s stock worth $57,000 after purchasing an additional 368 shares during the last quarter. Diversify Wealth Management LLC grew its holdings in Fox Factory by 10.1% in the fourth quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company’s stock worth $207,000 after purchasing an additional 680 shares during the last quarter. HighTower Advisors LLC grew its holdings in Fox Factory by 23.8% in the third quarter. HighTower Advisors LLC now owns 5,880 shares of the company’s stock worth $243,000 after purchasing an additional 1,131 shares during the last quarter. D.B. Root & Company LLC grew its holdings in Fox Factory by 24.7% in the third quarter. D.B. Root & Company LLC now owns 6,060 shares of the company’s stock worth $251,000 after purchasing an additional 1,199 shares during the last quarter. Finally, FMR LLC grew its holdings in Fox Factory by 65.8% in 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 during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FOXF. Stifel Nicolaus raised shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Wednesday, December 11th. Truist Financial dropped their price objective on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Robert W. Baird dropped their price objective on shares of Fox Factory from $38.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Jefferies Financial Group dropped their price objective on shares of Fox Factory from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $39.14.

Fox Factory Price Performance

NASDAQ:FOXF opened at $27.25 on Tuesday. Fox Factory Holding Corp. has a one year low of $25.17 and a one year high of $54.85. 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 cap of $1.14 billion, a price-to-earnings ratio of 104.81, a PEG ratio of 1.45 and a beta of 1.58. The firm’s fifty day moving average is $27.84 and its two-hundred day moving average is $33.66.

Fox Factory (NASDAQ:FOXF) last posted its quarterly 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 company had revenue of $352.84 million for the quarter, compared to analyst estimates of $321.31 million. Research analysts expect that Fox Factory Holding Corp. will post 1.31 EPS 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.