Point72 Asset Management L.P. Purchases Shares of 22,156 Fox Factory Holding Corp. (NASDAQ:FOXF)

Point72 Asset Management L.P. purchased a new stake in Fox Factory Holding Corp. (NASDAQ:FOXF) during the fourth quarter, Holdings Channel reports. The firm purchased 22,156 shares of the company’s stock, valued at approximately $671,000.

Other large investors have also recently bought and sold shares of the company. Quarry LP bought a new stake in Fox Factory in the fourth quarter valued at $45,000. KBC Group NV grew its position in Fox Factory by 80.4% in the fourth 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 during the period. TD Waterhouse Canada Inc. bought a new stake in Fox Factory in the fourth quarter valued at $143,000. Magnetar Financial LLC bought a new stake in Fox Factory in the fourth quarter valued at $206,000. Finally, Aristides Capital LLC bought a new stake in Fox Factory in the fourth quarter valued at $206,000.

Fox Factory Price Performance

Shares of FOXF stock opened at $24.42 on Friday. The stock’s fifty day moving average is $22.43 and its 200-day moving average is $26.85. 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 stock has a market capitalization of $1.02 billion, a PE ratio of 93.93, a PEG ratio of 1.45 and a beta of 1.54. Fox Factory Holding Corp. has a 52 week low of $17.95 and a 52 week high of $54.86.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The business had revenue of $355.03 million for the quarter, compared to analyst estimates of $330.71 million. During the same quarter in the prior year, the firm posted $0.29 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities research 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 analysts have weighed in on FOXF shares. Truist Financial upped their price target on Fox Factory from $28.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, May 14th. Robert W. Baird decreased their target price on Fox Factory from $32.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, April 4th. 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 report on Thursday, April 10th. Finally, Jefferies Financial Group decreased 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. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Fox Factory has a consensus rating of “Hold” and a consensus price target of $36.43.

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.