Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Purchased by M&T Bank Corp

M&T Bank Corp boosted its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 70.4% in the third quarter, Holdings Channel reports. The fund owned 36,795 shares of the company’s stock after purchasing an additional 15,201 shares during the period. M&T Bank Corp’s holdings in Fox Factory were worth $1,528,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. D. E. Shaw & Co. Inc. lifted its holdings in shares of Fox Factory by 25.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company’s stock worth $32,483,000 after purchasing an additional 135,542 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Fox Factory by 223.3% in the 2nd quarter. Victory Capital Management Inc. now owns 42,119 shares of the company’s stock worth $2,030,000 after acquiring an additional 29,092 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Fox Factory by 89.0% in the third quarter. Thrivent Financial for Lutherans now owns 68,532 shares of the company’s stock valued at $2,844,000 after acquiring an additional 32,263 shares in the last quarter. Van Berkom & Associates Inc. increased its stake in shares of Fox Factory by 1.5% during the second quarter. Van Berkom & Associates Inc. now owns 913,452 shares of the company’s stock worth $44,019,000 after acquiring an additional 13,936 shares during the period. Finally, Royce & Associates LP raised its holdings in Fox Factory by 5.7% during the third quarter. Royce & Associates LP now owns 302,349 shares of the company’s stock worth $12,547,000 after purchasing an additional 16,410 shares in the last quarter.

Fox Factory Trading Down 2.6 %

NASDAQ:FOXF opened at $31.30 on Friday. The company has a market capitalization of $1.30 billion, a PE ratio of 120.39, a price-to-earnings-growth ratio of 2.67 and a beta of 1.60. Fox Factory Holding Corp. has a 52-week low of $30.13 and a 52-week high of $70.13. The stock has a fifty day simple moving average of $34.99 and a 200-day simple moving average of $40.97. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62.

Fox Factory (NASDAQ:FOXF) last announced 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 business had revenue of $359.10 million during the quarter, compared to analysts’ expectations of $366.86 million. During the same period last year, the company earned $1.05 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, equities research analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FOXF has been the topic of several recent analyst reports. Bank of America dropped their target price on Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Roth Mkm dropped their price objective on Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Truist Financial reduced their target price on Fox Factory from $54.00 to $42.00 and set a “buy” rating for the company in a report on Friday, November 1st. Stifel Nicolaus raised shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Wednesday. Finally, StockNews.com upgraded shares of Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Fox Factory has an average rating of “Hold” and an average price target of $40.67.

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.