Bank of New York Mellon Corp Sells 42,912 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Bank of New York Mellon Corp lowered its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 13.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 264,836 shares of the company's stock after selling 42,912 shares during the quarter. Bank of New York Mellon Corp owned 0.64% of Fox Factory worth $8,017,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Victory Capital Management Inc. grew its holdings in shares of Fox Factory by 1.8% in the 3rd quarter. Victory Capital Management Inc. now owns 42,891 shares of the company's stock valued at $1,780,000 after acquiring an additional 772 shares in the last quarter. KBC Group NV increased its position in shares of 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 purchasing an additional 368 shares during the last quarter. Royce & Associates LP increased its position in shares of Fox Factory by 5.7% during the 3rd quarter. Royce & Associates LP now owns 302,349 shares of the company's stock worth $12,547,000 after purchasing an additional 16,410 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Fox Factory by 89.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 68,532 shares of the company's stock worth $2,844,000 after purchasing an additional 32,263 shares in the last quarter. Finally, Caprock Group LLC acquired a new stake in shares of Fox Factory in the 3rd quarter valued at approximately $398,000.

Fox Factory Stock Performance

NASDAQ FOXF traded up $0.33 on Wednesday, reaching $25.31. The stock had a trading volume of 336,200 shares, compared to its average volume of 625,140. Fox Factory Holding Corp. has a 1-year low of $23.91 and a 1-year high of $54.86. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The company has a market cap of $1.06 billion, a P/E ratio of 97.47, a price-to-earnings-growth ratio of 1.45 and a beta of 1.65. The firm has a fifty day moving average of $26.88 and a two-hundred day moving average of $32.41.

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Fox Factory (NASDAQ:FOXF - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, beating 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 business had revenue of $352.84 million for the quarter, compared to the consensus estimate of $321.31 million. On average, equities research analysts anticipate that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on FOXF shares. StockNews.com raised shares of Fox Factory from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Jefferies Financial Group dropped their target price on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Stifel Nicolaus raised Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 price target on the stock in a research report on Wednesday, December 11th. Truist Financial cut their price objective on Fox Factory from $42.00 to $40.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Finally, Robert W. Baird decreased their target price on Fox Factory from $38.00 to $32.00 and set a "neutral" rating on the stock in a report on Friday, February 28th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Fox Factory presently has a consensus 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.