Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Acquired by Zions Bancorporation N.A.

Zions Bancorporation N.A. lifted its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 17.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,932 shares of the company’s stock after purchasing an additional 4,510 shares during the quarter. Zions Bancorporation N.A.’s holdings in Fox Factory were worth $1,284,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Fox Factory by 86.0% during the third quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock worth $25,000 after purchasing an additional 277 shares in the last quarter. Signaturefd LLC lifted its position in shares of Fox Factory by 301.1% during the third quarter. Signaturefd LLC now owns 726 shares of the company’s stock worth $30,000 after purchasing an additional 545 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Fox Factory during the third quarter worth about $42,000. KBC Group NV lifted its position in shares of Fox Factory by 36.5% during 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 in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Fox Factory by 26.5% during the second quarter. Fifth Third Bancorp now owns 1,245 shares of the company’s stock worth $60,000 after purchasing an additional 261 shares in the last quarter.

Fox Factory Stock Performance

Shares of Fox Factory stock opened at $32.38 on Friday. The firm has a market capitalization of $1.35 billion, a P/E ratio of 124.54, a P/E/G ratio of 2.75 and a beta of 1.65. Fox Factory Holding Corp. has a 52 week low of $31.19 and a 52 week high of $70.13. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $38.41 and its two-hundred day moving average is $42.85.

Fox Factory (NASDAQ:FOXF) last announced its earnings results on Thursday, October 31st. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). The business had revenue of $359.10 million for the quarter, compared to analysts’ expectations of $366.86 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The business’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $1.05 earnings per share. Research analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Roth Mkm reduced their target price on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Bank of America reduced their target price on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Robert W. Baird reduced their target price on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Truist Financial reduced their target price on shares of Fox Factory from $54.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, B. Riley reduced their target price on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Fox Factory currently has a consensus rating of “Hold” and an average target price of $41.50.

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.