Advantage Alpha Capital Partners LP Raises Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Advantage Alpha Capital Partners LP increased its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 30.8% in the fourth quarter, HoldingsChannel reports. The firm owned 68,221 shares of the company’s stock after buying an additional 16,081 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Fox Factory were worth $2,065,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FOXF. Disciplined Growth Investors Inc. MN purchased a new stake in shares of Fox Factory during the third quarter worth about $5,743,000. Caprock Group LLC grew its stake in Fox Factory by 133.7% in the 4th quarter. Caprock Group LLC now owns 22,396 shares of the company’s stock worth $678,000 after acquiring an additional 12,813 shares during the period. Thrivent Financial for Lutherans raised its holdings in Fox Factory by 89.0% in the 3rd 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 during the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of Fox Factory by 1,569.2% during the 4th quarter. Mutual of America Capital Management LLC now owns 104,657 shares of the company’s stock worth $3,168,000 after purchasing an additional 98,387 shares during the period. Finally, Angeles Wealth Management LLC acquired a new stake in shares of Fox Factory during the fourth quarter worth $1,710,000.

Wall Street Analysts Forecast Growth

FOXF has been the topic of several recent analyst reports. Truist Financial reduced their target price on Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Stifel Nicolaus raised shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Wednesday, December 11th. Robert W. Baird dropped their price target on shares of Fox Factory from $38.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, February 28th. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Jefferies Financial Group lowered their price objective on shares of Fox Factory from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Fox Factory has an average rating of “Hold” and an average target price of $39.14.

Fox Factory Stock Up 0.5 %

NASDAQ:FOXF opened at $25.02 on Monday. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. The stock has a 50 day moving average of $26.67 and a 200-day moving average of $32.10. The firm has a market capitalization of $1.04 billion, a PE ratio of 96.23, a price-to-earnings-growth ratio of 1.45 and a beta of 1.65. Fox Factory Holding Corp. has a 52 week low of $23.91 and a 52 week high of $54.86.

Fox Factory (NASDAQ:FOXF) last issued its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The firm had revenue of $352.84 million for the quarter, compared to analyst estimates of $321.31 million. Analysts predict that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

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.