Kayne Anderson Rudnick Investment Management LLC Has $54.54 Million Stake in Fox Factory Holding Corp. (NASDAQ:FOXF)

Kayne Anderson Rudnick Investment Management LLC reduced its position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 48.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,801,909 shares of the company's stock after selling 1,698,245 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 4.32% of Fox Factory worth $54,544,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. RWWM Inc. boosted its stake in shares of Fox Factory by 174.0% in the 4th quarter. RWWM Inc. now owns 1,997,531 shares of the company's stock valued at $60,465,000 after purchasing an additional 1,268,460 shares in the last quarter. William Blair Investment Management LLC grew its stake in Fox Factory by 17.1% during the fourth 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 during the last quarter. Capital World Investors increased its holdings in shares of Fox Factory by 21.8% during the fourth quarter. Capital World Investors now owns 1,341,155 shares of the company's stock worth $40,597,000 after buying an additional 240,416 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Fox Factory by 595.6% in the fourth 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 last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Fox Factory by 271.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company's stock worth $7,921,000 after acquiring an additional 139,512 shares in the last quarter.

Fox Factory Trading Down 0.3 %

NASDAQ:FOXF traded down $0.06 during mid-day trading on Friday, hitting $21.10. The company had a trading volume of 303,851 shares, compared to its average volume of 616,682. The firm has a market cap of $880.12 million, a P/E ratio of 81.16, a P/E/G ratio of 1.45 and a beta of 1.56. Fox Factory Holding Corp. has a fifty-two week low of $17.95 and a fifty-two week high of $54.86. The business's fifty day moving average is $23.63 and its two-hundred day moving average is $28.93. 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 (NASDAQ:FOXF - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.02. The firm had revenue of $352.84 million during 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%. As a group, research analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FOXF shares. Truist Financial cut their price objective on 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 decreased 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. Jefferies Financial Group dropped their price objective on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Finally, Robert W. Baird lowered their target price on Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Fox Factory currently has a consensus rating of "Hold" and a consensus target price of $35.00.

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.