Segall Bryant & Hamill LLC cut its stake in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 22.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,523 shares of the company's stock after selling 43,284 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.36% of Fox Factory worth $4,587,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. FORA Capital LLC grew its position in Fox Factory by 5.9% during the third quarter. FORA Capital LLC now owns 9,117 shares of the company's stock worth $378,000 after buying an additional 507 shares in the last quarter. Diversify Wealth Management LLC increased its position in shares of Fox Factory by 10.1% during the fourth 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 during the period. Swiss National Bank raised its stake in shares of Fox Factory by 0.9% in the fourth quarter. Swiss National Bank now owns 82,000 shares of the company's stock valued at $2,482,000 after purchasing an additional 700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Fox Factory by 7.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,972 shares of the company's stock worth $455,000 after purchasing an additional 785 shares during the period. Finally, KBC Group NV boosted its stake in Fox Factory by 80.4% during the fourth quarter. KBC Group NV now owns 2,484 shares of the company's stock worth $75,000 after buying an additional 1,107 shares in the last quarter.
Fox Factory Price Performance
Shares of NASDAQ FOXF traded up $0.11 during mid-day trading on Tuesday, hitting $23.45. 575,633 shares of the stock were exchanged, compared to its average volume of 635,079. Fox Factory Holding Corp. has a twelve month low of $22.76 and a twelve month high of $54.86. The stock's fifty day simple moving average is $26.19 and its two-hundred day simple moving average is $31.47. 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 company has a market cap of $978.15 million, a P/E ratio of 90.20, a PEG ratio of 1.45 and a beta of 1.65.
Fox Factory (NASDAQ:FOXF - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.02. The firm had revenue of $352.84 million during 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%. As a group, analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on FOXF. Jefferies Financial Group dropped their price objective on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Robert W. Baird dropped their price target on shares of Fox Factory from $38.00 to $32.00 and set a "neutral" rating for the company in a research report on Friday, February 28th. Stifel Nicolaus raised 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, 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $39.14.
Read Our Latest Analysis on Fox Factory
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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