LPL Financial LLC Has $632,000 Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

LPL Financial LLC cut its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 40.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,873 shares of the company's stock after selling 14,177 shares during the period. LPL Financial LLC owned 0.05% of Fox Factory worth $632,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. William Blair Investment Management LLC raised its holdings in shares of Fox Factory by 17.1% during the 4th 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. Assenagon Asset Management S.A. raised its holdings in Fox Factory by 595.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 247,435 shares of the company's stock valued at $7,490,000 after acquiring an additional 211,864 shares during the period. JPMorgan Chase & Co. grew its position in Fox Factory by 271.6% during the third quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company's stock worth $7,921,000 after buying an additional 139,512 shares in the last quarter. Barclays PLC boosted its stake in Fox Factory by 474.7% in the third quarter. Barclays PLC now owns 122,806 shares of the company's stock worth $5,097,000 after buying an additional 101,437 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in Fox Factory during the 4th quarter valued at $3,046,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FOXF shares. Robert W. Baird lowered their price target on Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. Jefferies Financial Group dropped their target price on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a report on Friday, February 28th. Truist Financial reduced their target price on shares of Fox Factory from $40.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Stifel Nicolaus reduced 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. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $35.00.

Fox Factory Trading Down 2.7 %

Shares of FOXF traded down $0.58 during trading hours on Monday, hitting $20.52. The stock had a trading volume of 207,521 shares, compared to its average volume of 615,980. The company's fifty day simple moving average is $23.53 and its 200 day simple moving average is $28.66. Fox Factory Holding Corp. has a 12-month low of $17.95 and a 12-month high of $54.86. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. The firm has a market cap of $855.93 million, a P/E ratio of 78.93, a P/E/G ratio of 1.45 and a beta of 1.56.

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, beating analysts' consensus estimates of $0.29 by $0.02. The business had revenue of $352.84 million for 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%. Equities research analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal 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.