Conestoga Capital Advisors LLC cut its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,072,554 shares of the company's stock after selling 59,895 shares during the quarter. Conestoga Capital Advisors LLC owned approximately 2.58% of Fox Factory worth $44,511,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Maryland State Retirement & Pension System bought a new position in shares of Fox Factory in the first quarter worth about $781,000. Norden Group LLC boosted its holdings in Fox Factory by 72.3% in the first quarter. Norden Group LLC now owns 14,188 shares of the company's stock valued at $739,000 after acquiring an additional 5,953 shares during the last quarter. Diversify Advisory Services LLC acquired a new stake in Fox Factory in the first quarter worth about $251,000. Precision Wealth Strategies LLC raised its holdings in Fox Factory by 9.6% during the 1st quarter. Precision Wealth Strategies LLC now owns 8,824 shares of the company's stock worth $459,000 after purchasing an additional 775 shares during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in Fox Factory during the 1st quarter valued at about $543,000.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Truist Financial cut their price objective on shares of Fox Factory from $54.00 to $42.00 and set a "buy" rating on the stock in a report on Friday. B. Riley decreased their price objective on Fox Factory from $50.00 to $45.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Bank of America cut their target price on Fox Factory from $53.00 to $43.00 and set a "neutral" rating on the stock in a research note on Thursday, September 12th. Robert W. Baird lowered their price target on Fox Factory from $45.00 to $38.00 and set a "neutral" rating for the company in a research note on Friday. Finally, Roth Mkm decreased their price objective on shares of Fox Factory from $45.00 to $36.00 and set a "neutral" rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Fox Factory presently has a consensus rating of "Hold" and an average target price of $41.50.
View Our Latest Analysis on FOXF
Fox Factory Stock Down 5.5 %
Shares of NASDAQ:FOXF traded down $1.97 during midday trading on Friday, reaching $34.02. 3,175,274 shares of the company were exchanged, compared to its average volume of 580,707. The firm has a market cap of $1.42 billion, a PE ratio of 34.60, a P/E/G ratio of 2.52 and a beta of 1.64. Fox Factory Holding Corp. has a fifty-two week low of $31.19 and a fifty-two week high of $86.14. The stock has a fifty day simple moving average of $39.61 and a two-hundred day simple moving average of $43.31. The company has a quick ratio of 1.63, a current ratio of 3.13 and a debt-to-equity ratio of 0.61.
Fox Factory (NASDAQ:FOXF - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.07). The firm had revenue of $359.10 million during the quarter, compared to analyst estimates of $366.86 million. Fox Factory had a net margin of 3.07% and a return on equity of 7.66%. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.05 EPS. As a group, sell-side analysts forecast that Fox Factory Holding Corp. will post 1.56 earnings per share for the current year.
Insider Buying and Selling at Fox Factory
In other Fox Factory news, CEO Michael C. Dennison purchased 4,800 shares of the firm's stock in a transaction dated Tuesday, August 6th. The stock was bought at an average cost of $41.44 per share, with a total value of $198,912.00. Following the purchase, the chief executive officer now directly owns 135,066 shares of the company's stock, valued at $5,597,135.04. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.30% of the company's stock.
Fox Factory Profile
(
Free Report)
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.
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