Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 51.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,513 shares of the company's stock after selling 134,540 shares during the quarter. Envestnet Asset Management Inc. owned 0.30% of Fox Factory worth $3,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Diversify Wealth Management LLC lifted its holdings in shares of Fox Factory by 10.1% in the 4th quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company's stock worth $207,000 after acquiring an additional 680 shares during the last quarter. Swiss National Bank grew its stake in Fox Factory by 0.9% in the 4th quarter. Swiss National Bank now owns 82,000 shares of the company's stock worth $2,482,000 after acquiring an additional 700 shares in the last quarter. KBC Group NV lifted its holdings in shares of Fox Factory by 80.4% in the 4th quarter. KBC Group NV now owns 2,484 shares of the company's stock worth $75,000 after buying an additional 1,107 shares during the period. HighTower Advisors LLC increased its stake in shares of 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 buying an additional 1,131 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Fox Factory by 1.4% in the fourth quarter. Rhumbline Advisers now owns 129,275 shares of the company's stock valued at $3,913,000 after acquiring an additional 1,790 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Truist Financial lowered their price target on shares of Fox Factory from $40.00 to $24.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Stifel Nicolaus cut their price target on shares of Fox Factory from $40.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Robert W. Baird cut their target price on Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Finally, Jefferies Financial Group cut 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. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $35.00.

Fox Factory Stock Performance

Shares of FOXF traded down $0.06 during trading hours on Friday, hitting $21.10. The stock had a trading volume of 303,851 shares, compared to its average volume of 617,598. The firm has a 50-day moving average price of $23.53 and a 200 day moving average price of $28.74. 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 Holding Corp. has a fifty-two week low of $17.95 and a fifty-two week high of $54.86. The firm has a market capitalization of $880.12 million, a price-to-earnings ratio of 81.16, a PEG ratio of 1.45 and a beta of 1.56.

Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. The business had revenue of $352.84 million for the quarter, compared to the consensus estimate of $321.31 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. As a group, research analysts anticipate that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Fox Factory Company 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.