Teacher Retirement System of Texas purchased a new position in Fox Factory Holding Corp (NASDAQ:FOXF) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 12,198 shares of the company’s stock, valued at approximately $474,000.
Several other institutional investors have also added to or reduced their stakes in the company. First Mercantile Trust Co. boosted its stake in shares of Fox Factory by 13.4% during the 4th quarter. First Mercantile Trust Co. now owns 15,232 shares of the company’s stock valued at $592,000 after buying an additional 1,804 shares during the last quarter. Alps Advisors Inc. increased its position in Fox Factory by 49.7% in the fourth quarter. Alps Advisors Inc. now owns 17,284 shares of the company’s stock worth $671,000 after buying an additional 5,740 shares during the period. US Bancorp DE increased its position in Fox Factory by 5.7% in the fourth quarter. US Bancorp DE now owns 92,948 shares of the company’s stock worth $3,611,000 after buying an additional 5,015 shares during the period. Comerica Bank increased its position in Fox Factory by 18.9% in the fourth quarter. Comerica Bank now owns 63,743 shares of the company’s stock worth $2,486,000 after buying an additional 10,117 shares during the period. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in Fox Factory in the fourth quarter worth $817,000. Institutional investors own 98.07% of the company’s stock.
Several equities research analysts have weighed in on the company. Zacks Investment Research lowered Fox Factory from a “buy” rating to a “hold” rating and set a $45.00 target price on the stock. in a research report on Thursday, January 18th. BidaskClub raised Fox Factory from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. Finally, DA Davidson raised Fox Factory from a “neutral” rating to a “buy” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $39.67.
Shares of NASDAQ:FOXF traded down $0.10 during midday trading on Friday, reaching $34.55. The company had a trading volume of 402,968 shares, compared to its average volume of 345,920. The company has a quick ratio of 1.37, a current ratio of 2.35 and a debt-to-equity ratio of 0.40. Fox Factory Holding Corp has a 1-year low of $26.40 and a 1-year high of $46.80. The firm has a market capitalization of $1,304.79, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 1.85 and a beta of 0.63.
Fox Factory (NASDAQ:FOXF) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.05. Fox Factory had a return on equity of 27.95% and a net margin of 9.07%. The business had revenue of $121.09 million during the quarter, compared to analyst estimates of $118.84 million. equities analysts predict that Fox Factory Holding Corp will post 1.78 earnings per share for the current year.
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Fox Factory Profile
Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.
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