Public Employees Retirement System of Ohio Sells 39,191 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Public Employees Retirement System of Ohio reduced its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 98.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 676 shares of the company's stock after selling 39,191 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Fox Factory were worth $28,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of FOXF. D. E. Shaw & Co. Inc. raised its position in Fox Factory by 25.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company's stock worth $32,483,000 after acquiring an additional 135,542 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Fox Factory by 223.3% in the 2nd quarter. Victory Capital Management Inc. now owns 42,119 shares of the company's stock worth $2,030,000 after purchasing an additional 29,092 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Fox Factory by 89.0% during the third quarter. Thrivent Financial for Lutherans now owns 68,532 shares of the company's stock worth $2,844,000 after buying an additional 32,263 shares in the last quarter. Van Berkom & Associates Inc. lifted its position in shares of Fox Factory by 1.5% during the 2nd quarter. Van Berkom & Associates Inc. now owns 913,452 shares of the company's stock valued at $44,019,000 after acquiring an additional 13,936 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Fox Factory by 5.7% during the 3rd quarter. Royce & Associates LP now owns 302,349 shares of the company's stock worth $12,547,000 after acquiring an additional 16,410 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. StockNews.com raised Fox Factory from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Roth Mkm reduced their price objective on shares of Fox Factory from $45.00 to $36.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. Bank of America decreased their target price on shares of 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 reduced their price target on shares of Fox Factory from $45.00 to $38.00 and set a "neutral" rating for the company in a research report on Friday, November 1st. Finally, Stifel Nicolaus upgraded Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 target price for the company in a report on Wednesday, December 11th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Fox Factory currently has an average rating of "Hold" and a consensus price target of $40.67.

Fox Factory Stock Down 2.7 %

Shares of NASDAQ FOXF traded down $0.82 during mid-day trading on Monday, reaching $29.05. The company had a trading volume of 616,237 shares, compared to its average volume of 625,742. The stock has a market capitalization of $1.21 billion, a PE ratio of 111.74, a price-to-earnings-growth ratio of 2.67 and a beta of 1.60. Fox Factory Holding Corp. has a twelve month low of $28.79 and a twelve month high of $70.13. 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 stock's 50 day moving average is $34.03 and its 200-day moving average is $40.37.

Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.07). The firm had revenue of $359.10 million for the quarter, compared to analysts' expectations of $366.86 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The firm's revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the business earned $1.05 earnings per share. As a group, equities analysts anticipate that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

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.