Bamco Inc. NY Sells 175,000 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Bamco Inc. NY lessened its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 25.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 500,000 shares of the company's stock after selling 175,000 shares during the quarter. Bamco Inc. NY owned approximately 1.20% of Fox Factory worth $20,750,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of FOXF. Pacer Advisors Inc. increased its holdings in shares of Fox Factory by 25,005.1% in the second quarter. Pacer Advisors Inc. now owns 1,585,136 shares of the company's stock worth $76,388,000 after acquiring an additional 1,578,822 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in Fox Factory during the 2nd quarter worth approximately $53,294,000. D. E. Shaw & Co. Inc. lifted its stake in Fox Factory by 25.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company's stock valued at $32,483,000 after buying an additional 135,542 shares in the last quarter. Public Sector Pension Investment Board acquired a new position in shares of Fox Factory in the second quarter valued at approximately $4,414,000. Finally, Envestnet Asset Management Inc. increased its position in shares of Fox Factory by 25.6% during the second quarter. Envestnet Asset Management Inc. now owns 240,795 shares of the company's stock worth $11,604,000 after acquiring an additional 49,062 shares in the last quarter.

Fox Factory Stock Performance

Fox Factory stock traded down $1.43 during midday trading on Tuesday, hitting $31.51. The company's stock had a trading volume of 278,907 shares, compared to its average volume of 596,141. 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 $1.31 billion, a price-to-earnings ratio of 126.70, a PEG ratio of 2.65 and a beta of 1.60. Fox Factory Holding Corp. has a 1-year low of $30.92 and a 1-year high of $70.13. The company has a 50-day moving average price of $36.72 and a two-hundred day moving average price of $41.82.

Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.07). Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The company had revenue of $359.10 million for the quarter, compared to the consensus estimate of $366.86 million. During the same quarter last year, the business earned $1.05 EPS. Fox Factory's revenue was up 8.4% on a year-over-year basis. As a group, sell-side analysts predict that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Wall Street Analyst Weigh In

FOXF has been the topic of several research reports. Robert W. Baird cut their price objective on shares of Fox Factory from $45.00 to $38.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. Roth Mkm decreased their price objective on Fox Factory from $45.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Truist Financial cut their target price on Fox Factory from $54.00 to $42.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Bank of America decreased their price target on shares of Fox Factory from $53.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, September 12th. Finally, StockNews.com upgraded shares of Fox Factory from a "sell" rating to a "hold" rating in a report on Thursday, November 28th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $41.50.

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.