Royce & Associates LP trimmed its position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 31.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,810 shares of the company's stock after selling 94,539 shares during the quarter. Royce & Associates LP owned about 0.50% of Fox Factory worth $6,290,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of FOXF. State Street Corp raised its stake in Fox Factory by 0.4% during the third quarter. State Street Corp now owns 1,596,222 shares of the company's stock valued at $66,243,000 after purchasing an additional 6,308 shares in the last quarter. Geode Capital Management LLC boosted its stake in Fox Factory by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,002,109 shares of the company's stock worth $41,595,000 after buying an additional 8,474 shares during the period. ArrowMark Colorado Holdings LLC raised its stake in shares of Fox Factory by 15.9% in the third quarter. ArrowMark Colorado Holdings LLC now owns 927,006 shares of the company's stock valued at $38,471,000 after acquiring an additional 127,187 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Fox Factory by 13.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 622,745 shares of the company's stock worth $18,850,000 after acquiring an additional 73,110 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Fox Factory by 595.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 247,435 shares of the company's stock valued at $7,490,000 after purchasing an additional 211,864 shares during the last quarter.
Fox Factory Price Performance
Shares of Fox Factory stock traded up $0.12 on Friday, reaching $25.02. The company's stock had a trading volume of 1,048,421 shares, compared to its average volume of 627,686. Fox Factory Holding Corp. has a 52-week low of $23.91 and a 52-week high of $54.86. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.04 billion, a P/E ratio of 96.23, a PEG ratio of 1.45 and a beta of 1.65. The stock has a 50-day moving average price of $26.67 and a 200-day moving average price of $32.21.
Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. The firm had revenue of $352.84 million during the quarter, compared to the consensus estimate of $321.31 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. Analysts expect that Fox Factory Holding Corp. will post 1.31 EPS for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on FOXF. Robert W. Baird reduced their target price on shares of Fox Factory from $38.00 to $32.00 and set a "neutral" rating on the stock in a research report on Friday, February 28th. Truist Financial lowered their price objective on shares of Fox Factory from $42.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. StockNews.com raised shares of Fox Factory from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Stifel Nicolaus raised shares of Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 price objective on the stock in a report on Wednesday, December 11th. Finally, 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 research report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Fox Factory has a consensus rating of "Hold" and a consensus target price of $39.14.
Read Our Latest Report on FOXF
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.
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