Schroder Investment Management Group cut its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 410,344 shares of the company's stock after selling 49,506 shares during the quarter. Schroder Investment Management Group owned about 0.98% of Fox Factory worth $12,257,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in FOXF. KBC Group NV grew its position in Fox Factory by 80.4% during the 4th quarter. KBC Group NV now owns 2,484 shares of the company's stock worth $75,000 after purchasing an additional 1,107 shares during the period. Magnetar Financial LLC acquired a new position in Fox Factory in the 4th quarter valued at $206,000. Diversify Wealth Management LLC lifted its holdings in Fox Factory by 10.1% in the 4th quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company's stock valued at $207,000 after purchasing an additional 680 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Fox Factory during the 4th quarter worth $230,000. Finally, HighTower Advisors LLC grew its holdings in shares of Fox Factory by 23.8% during the third quarter. HighTower Advisors LLC now owns 5,880 shares of the company's stock worth $243,000 after buying an additional 1,131 shares in the last quarter.
Fox Factory Stock Down 8.4 %
Fox Factory stock traded down $1.69 during trading on Tuesday, reaching $18.37. The stock had a trading volume of 770,255 shares, compared to its average volume of 613,661. Fox Factory Holding Corp. has a 52-week low of $18.01 and a 52-week high of $54.86. The business has a 50 day moving average price of $25.21 and a 200 day moving average price of $30.67. 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 stock has a market cap of $766.25 million, a PE ratio of 70.66, a P/E/G ratio of 1.45 and a beta of 1.56.
Fox Factory (NASDAQ:FOXF - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The business had revenue of $352.84 million during the quarter, compared to analysts' expectations of $321.31 million. On average, analysts predict that Fox Factory Holding Corp. will post 1.31 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on FOXF shares. 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. Jefferies Financial Group dropped their price target on Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Robert W. Baird reduced their price objective on Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday. Finally, Truist Financial dropped their target price on Fox Factory from $42.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $38.14.
Read Our Latest Stock Analysis on Fox Factory
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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