Daiwa Securities Group Inc. Has $653,000 Stake in Fox Factory Holding Corp. (NASDAQ:FOXF)

Daiwa Securities Group Inc. cut its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 57.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,567 shares of the company's stock after selling 29,380 shares during the period. Daiwa Securities Group Inc. owned 0.05% of Fox Factory worth $653,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. KBC Group NV raised its position in shares of Fox Factory by 36.5% in the third quarter. KBC Group NV now owns 1,377 shares of the company's stock valued at $57,000 after buying an additional 368 shares in the last quarter. Diversify Wealth Management LLC raised its position in Fox Factory by 10.1% during the fourth quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company's stock valued at $207,000 after purchasing an additional 680 shares in the last quarter. HighTower Advisors LLC raised its position in Fox Factory by 23.8% during the third quarter. HighTower Advisors LLC now owns 5,880 shares of the company's stock valued at $243,000 after purchasing an additional 1,131 shares in the last quarter. Inceptionr LLC acquired a new position in Fox Factory during the fourth quarter valued at approximately $249,000. Finally, D.B. Root & Company LLC raised its position in Fox Factory by 45.2% during the fourth quarter. D.B. Root & Company LLC now owns 8,801 shares of the company's stock valued at $266,000 after purchasing an additional 2,741 shares in the last quarter.

Fox Factory Trading Up 1.7 %

Shares of Fox Factory stock traded up $0.43 during trading on Wednesday, hitting $25.41. The company's stock had a trading volume of 546,829 shares, compared to its average volume of 625,911. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. Fox Factory Holding Corp. has a 52 week low of $23.91 and a 52 week high of $54.86. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 97.73, a price-to-earnings-growth ratio of 1.45 and a beta of 1.65. The stock has a 50-day moving average price of $26.88 and a two-hundred day moving average price of $32.41.

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Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its quarterly earnings data 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 net margin of 0.78% and a return on equity of 5.23%. The company had revenue of $352.84 million for the quarter, compared to analysts' expectations of $321.31 million. Equities research analysts anticipate that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Stifel Nicolaus upgraded shares of Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 price objective for the company in a research report on Wednesday, December 11th. Truist Financial lowered their price objective 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. StockNews.com upgraded shares of Fox Factory from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Robert W. Baird decreased their target price on shares of Fox Factory from $38.00 to $32.00 and set a "neutral" rating on the stock in a research note on Friday, February 28th. Finally, Jefferies Financial Group decreased their target price on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $39.14.

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.