Hudson Edge Investment Partners Inc. Grows Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Hudson Edge Investment Partners Inc. increased its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 44.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 17,884 shares of the company’s stock after purchasing an additional 5,476 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Fox Factory were worth $541,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC boosted 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 buying an additional 545 shares during the period. KBC Group NV lifted its stake in Fox Factory by 36.5% during the 3rd quarter. KBC Group NV now owns 1,377 shares of the company’s stock worth $57,000 after acquiring an additional 368 shares in the last quarter. Diversify Wealth Management LLC boosted its holdings in Fox Factory by 10.1% during the 4th quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company’s stock valued at $207,000 after acquiring an additional 680 shares during the period. HighTower Advisors LLC grew its position in Fox Factory by 23.8% in the 3rd quarter. HighTower Advisors LLC now owns 5,880 shares of the company’s stock valued at $243,000 after acquiring an additional 1,131 shares in the last quarter. Finally, D.B. Root & Company LLC increased its stake in Fox Factory by 24.7% during the third quarter. D.B. Root & Company LLC now owns 6,060 shares of the company’s stock worth $251,000 after purchasing an additional 1,199 shares during the period.

Wall Street Analysts Forecast Growth

FOXF has been the subject of several recent research reports. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Truist Financial decreased their price target on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Roth Mkm cut their price objective on Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Robert W. Baird decreased their target price on Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, Stifel Nicolaus upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Wednesday, December 11th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.33.

Fox Factory Stock Performance

Shares of FOXF stock opened at $25.95 on Friday. The company has a market cap of $1.08 billion, a P/E ratio of 99.81, a PEG ratio of 1.47 and a beta of 1.58. The firm has a fifty day moving average price of $28.19 and a 200 day moving average price of $34.22. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. Fox Factory Holding Corp. has a 12 month low of $25.17 and a 12 month high of $65.49.

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.