Pacer Advisors Inc. reduced its stake in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,549,692 shares of the company's stock after selling 35,444 shares during the period. Pacer Advisors Inc. owned 3.72% of Fox Factory worth $64,312,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in FOXF. Russell Investments Group Ltd. lifted its holdings in Fox Factory by 67.6% during the first quarter. Russell Investments Group Ltd. now owns 59,981 shares of the company's stock worth $3,123,000 after acquiring an additional 24,199 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Fox Factory by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 4,470,762 shares of the company's stock valued at $232,793,000 after purchasing an additional 228,339 shares during the period. Covestor Ltd increased its stake in Fox Factory by 31.8% during the 1st quarter. Covestor Ltd now owns 1,518 shares of the company's stock worth $79,000 after purchasing an additional 366 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Fox Factory by 25.9% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 37,000 shares of the company's stock valued at $1,927,000 after buying an additional 7,600 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new position in shares of Fox Factory in the first quarter valued at approximately $291,000.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on FOXF. Bank of America lowered their target price on Fox Factory from $53.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, September 12th. Robert W. Baird lowered their target price on Fox Factory from $45.00 to $38.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. B. Riley decreased their target price 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. Truist Financial cut their price target on shares of Fox Factory from $54.00 to $42.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Finally, Roth Mkm lowered their price objective on shares of Fox Factory from $45.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Fox Factory has a consensus rating of "Hold" and a consensus price target of $41.50.
Check Out Our Latest Report on FOXF
Fox Factory Stock Performance
Shares of NASDAQ:FOXF traded up $0.21 on Friday, hitting $32.43. The company had a trading volume of 606,905 shares, compared to its average volume of 588,653. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 124.66, a P/E/G ratio of 2.60 and a beta of 1.65. The stock has a 50 day moving average price of $37.93 and a 200 day moving average price of $42.57. Fox Factory Holding Corp. has a 1-year low of $30.92 and a 1-year high of $70.13. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62.
Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $359.10 million for the quarter, compared to analyst estimates of $366.86 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The company's revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the business earned $1.05 earnings per share. Analysts expect that Fox Factory Holding Corp. will post 1.31 EPS for the current year.
About Fox Factory
(
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.
Further Reading
Before you consider Fox Factory, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fox Factory wasn't on the list.
While Fox Factory currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
