Lazard Asset Management LLC Acquires 395 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Lazard Asset Management LLC raised its holdings in Fox Factory Holding Corp. (NASDAQ:FOXFGet Rating) by 55.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,107 shares of the company’s stock after purchasing an additional 395 shares during the quarter. Lazard Asset Management LLC’s holdings in Fox Factory were worth $89,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Securian Asset Management Inc. increased its stake in shares of Fox Factory by 3.2% during the second quarter. Securian Asset Management Inc. now owns 3,842 shares of the company’s stock worth $309,000 after purchasing an additional 118 shares during the period. Covestor Ltd increased its stake in shares of Fox Factory by 58.4% during the first quarter. Covestor Ltd now owns 358 shares of the company’s stock worth $35,000 after purchasing an additional 132 shares during the period. Stephens Inc. AR increased its stake in shares of Fox Factory by 20.7% during the first quarter. Stephens Inc. AR now owns 774 shares of the company’s stock worth $76,000 after purchasing an additional 133 shares during the period. Lindenwold Advisors increased its stake in shares of Fox Factory by 5.4% during the first quarter. Lindenwold Advisors now owns 2,648 shares of the company’s stock worth $259,000 after purchasing an additional 135 shares during the period. Finally, YorkBridge Wealth Partners LLC increased its stake in shares of Fox Factory by 3.3% during the second quarter. YorkBridge Wealth Partners LLC now owns 4,260 shares of the company’s stock worth $343,000 after purchasing an additional 137 shares during the period. Institutional investors own 98.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FOXF. Stifel Nicolaus upgraded Fox Factory from a “hold” rating to a “buy” rating and increased their target price for the stock from $88.00 to $115.00 in a research note on Friday, August 5th. Truist Financial lowered their price objective on Fox Factory from $130.00 to $108.00 and set a “buy” rating on the stock in a research note on Wednesday, October 5th. Finally, StockNews.com began coverage on Fox Factory in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Fox Factory presently has an average rating of “Moderate Buy” and a consensus price target of $111.00.

Fox Factory Trading Up 1.1 %

Shares of FOXF stock opened at $105.98 on Thursday. The stock’s fifty day moving average price is $87.14 and its two-hundred day moving average price is $88.21. The company has a market cap of $4.48 billion, a PE ratio of 23.66, a P/E/G ratio of 1.43 and a beta of 1.69. Fox Factory Holding Corp. has a fifty-two week low of $69.28 and a fifty-two week high of $188.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.97 and a current ratio of 3.31.

Fox Factory Profile

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Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers mid-end and high-end front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and 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.

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Institutional Ownership by Quarter for Fox Factory (NASDAQ:FOXF)

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