Marshall Wace LLP Lowers Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Marshall Wace LLP trimmed its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 46.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,269 shares of the company's stock after selling 18,218 shares during the quarter. Marshall Wace LLP owned approximately 0.05% of Fox Factory worth $1,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. YHB Investment Advisors Inc. bought a new position in Fox Factory in the 1st quarter valued at $42,000. Fifth Third Bancorp increased its stake in shares of Fox Factory by 26.5% during the second quarter. Fifth Third Bancorp now owns 1,245 shares of the company's stock worth $60,000 after purchasing an additional 261 shares during the period. Covestor Ltd increased its holdings in shares of Fox Factory by 31.8% during the first quarter. Covestor Ltd now owns 1,518 shares of the company's stock worth $79,000 after purchasing an additional 366 shares during the period. CWM LLC lifted its holdings in shares of Fox Factory by 34.3% during the 2nd quarter. CWM LLC now owns 2,222 shares of the company's stock worth $107,000 after acquiring an additional 567 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of Fox Factory by 37.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,318 shares of the company's stock worth $112,000 after buying an additional 635 shares during the last quarter.

Fox Factory Trading Down 1.5 %

NASDAQ:FOXF traded down $0.60 on Tuesday, reaching $39.04. The company's stock had a trading volume of 308,702 shares, compared to its average volume of 586,577. The company has a quick ratio of 1.63, a current ratio of 3.13 and a debt-to-equity ratio of 0.61. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 2.92 and a beta of 1.64. Fox Factory Holding Corp. has a 12-month low of $34.56 and a 12-month high of $97.36. The stock has a 50 day moving average price of $40.92 and a 200 day moving average price of $44.41.

Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.03. Fox Factory had a net margin of 3.07% and a return on equity of 7.66%. The firm had revenue of $348.49 million during the quarter, compared to analysts' expectations of $346.22 million. During the same period in the prior year, the company posted $1.21 earnings per share. The firm's revenue for the quarter was down 13.0% on a year-over-year basis. On average, equities analysts anticipate that Fox Factory Holding Corp. will post 1.56 EPS for the current fiscal year.

Insider Transactions at Fox Factory

In other news, CEO Michael C. Dennison acquired 4,800 shares of the stock in a transaction on Tuesday, August 6th. The shares were purchased at an average cost of $41.44 per share, for a total transaction of $198,912.00. Following the transaction, the chief executive officer now owns 135,066 shares in the company, valued at approximately $5,597,135.04. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Robert W. Baird decreased their target price on Fox Factory from $48.00 to $45.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Truist Financial lowered their target price on shares of Fox Factory from $55.00 to $54.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. B. Riley lowered their price target on shares of Fox Factory from $50.00 to $45.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Finally, Bank of America lowered their price target on Fox Factory from $53.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $46.17.

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.