NBW Capital LLC Sells 16,398 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

NBW Capital LLC reduced its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 33.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,169 shares of the company's stock after selling 16,398 shares during the quarter. NBW Capital LLC owned 0.08% of Fox Factory worth $1,004,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Norden Group LLC increased its holdings in shares of Fox Factory by 24.3% during the fourth quarter. Norden Group LLC now owns 16,163 shares of the company's stock valued at $489,000 after purchasing an additional 3,165 shares during the period. Bridges Investment Management Inc. increased its stake in Fox Factory by 151.5% during the 4th quarter. Bridges Investment Management Inc. now owns 27,856 shares of the company's stock valued at $843,000 after buying an additional 16,779 shares during the period. Mutual of America Capital Management LLC raised its position in shares of Fox Factory by 1,569.2% during the 4th quarter. Mutual of America Capital Management LLC now owns 104,657 shares of the company's stock worth $3,168,000 after buying an additional 98,387 shares in the last quarter. Hudson Edge Investment Partners Inc. lifted its stake in shares of Fox Factory by 44.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 17,884 shares of the company's stock worth $541,000 after acquiring an additional 5,476 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in shares of Fox Factory by 18.8% in the 4th quarter. Handelsbanken Fonder AB now owns 15,830 shares of the company's stock worth $479,000 after acquiring an additional 2,500 shares during the period.

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Fox Factory Stock Down 2.3 %

Shares of FOXF stock traded down $0.62 on Friday, reaching $26.16. 801,401 shares of the company's stock traded hands, compared to its average volume of 622,857. The company has a market capitalization of $1.09 billion, a P/E ratio of 100.62, a price-to-earnings-growth ratio of 1.45 and a beta of 1.58. Fox Factory Holding Corp. has a 12-month low of $25.17 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 business's 50 day moving average price is $27.63 and its two-hundred day moving average price is $33.37.

Fox Factory (NASDAQ:FOXF - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. The company had revenue of $352.84 million for the quarter, compared to analysts' expectations of $321.31 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. On average, equities analysts forecast that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FOXF shares. Jefferies Financial Group dropped their target price on Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, February 28th. StockNews.com upgraded shares of Fox Factory from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Stifel Nicolaus upgraded shares of Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 price target on the stock in a research report on Wednesday, December 11th. Truist Financial cut their target price on Fox Factory from $42.00 to $40.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Finally, Robert W. Baird decreased their price target on Fox Factory from $38.00 to $32.00 and set a "neutral" rating for the company in a research report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $39.14.

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.