Clearbridge Investments LLC trimmed its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 10.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 959,724 shares of the company's stock after selling 117,129 shares during the quarter. Clearbridge Investments LLC owned 2.30% of Fox Factory worth $29,051,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. William Blair Investment Management LLC grew its position in shares of Fox Factory by 17.1% during the fourth quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company's stock worth $90,310,000 after buying an additional 434,998 shares in the last quarter. State Street Corp lifted its stake in Fox Factory by 0.4% in the third quarter. State Street Corp now owns 1,596,222 shares of the company's stock worth $66,243,000 after acquiring an additional 6,308 shares during the last quarter. Geode Capital Management LLC grew its holdings in Fox Factory by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,002,109 shares of the company's stock worth $41,595,000 after acquiring an additional 8,474 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Fox Factory by 13.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 622,745 shares of the company's stock valued at $18,850,000 after purchasing an additional 73,110 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Fox Factory by 595.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 247,435 shares of the company's stock valued at $7,490,000 after purchasing an additional 211,864 shares in the last quarter.
Analysts Set New Price Targets
Several research firms recently commented on FOXF. Stifel Nicolaus raised Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 target price on the stock in a report on Wednesday, December 11th. Jefferies Financial Group dropped their price objective on Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Robert W. Baird decreased their target price on Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a research note on Friday. Finally, Truist Financial cut their price objective on shares of Fox Factory from $42.00 to $40.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $38.14.
View Our Latest Report on Fox Factory
Fox Factory Stock Performance
NASDAQ FOXF traded up $0.04 on Friday, reaching $20.95. The stock had a trading volume of 1,015,457 shares, compared to its average volume of 612,252. The stock has a market cap of $873.87 million, a P/E ratio of 80.58, a price-to-earnings-growth ratio of 1.45 and a beta of 1.56. Fox Factory Holding Corp. has a 12-month low of $18.69 and a 12-month high of $54.86. The business's 50-day moving average price is $25.79 and its 200 day moving average price is $31.10. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21.
Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. The firm had revenue of $352.84 million during the quarter, compared to analysts' expectations of $321.31 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. As a group, equities analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.
About Fox Factory
(
Free Report)
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.
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