Sei Investments Co. decreased its position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 34.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,845 shares of the company's stock after selling 48,312 shares during the quarter. Sei Investments Co. owned about 0.22% of Fox Factory worth $2,749,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of Fox Factory during the 4th quarter worth $2,543,000. Disciplined Growth Investors Inc. MN acquired a new position in shares of Fox Factory in the 3rd quarter worth approximately $5,743,000. Caprock Group LLC raised its stake in Fox Factory by 133.7% during the fourth quarter. Caprock Group LLC now owns 22,396 shares of the company's stock worth $678,000 after acquiring an additional 12,813 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in Fox Factory by 1,569.2% during the 4th quarter. Mutual of America Capital Management LLC now owns 104,657 shares of the company's stock valued at $3,168,000 after purchasing an additional 98,387 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Fox Factory by 13.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 622,745 shares of the company's stock valued at $18,850,000 after acquiring an additional 73,110 shares during the last quarter.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports 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. Truist Financial cut their target price on Fox Factory from $42.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Jefferies Financial Group decreased their price target on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a report on Friday, February 28th. Finally, Robert W. Baird lowered their target price on Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $38.14.
Read Our Latest Research Report on FOXF
Fox Factory Stock Up 19.6 %
Shares of NASDAQ:FOXF traded up $3.60 during midday trading on Wednesday, reaching $21.97. The company had a trading volume of 1,146,890 shares, compared to its average volume of 615,858. The business's 50 day moving average price is $24.97 and its 200 day moving average price is $30.47. Fox Factory Holding Corp. has a 1-year low of $17.94 and a 1-year 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 stock has a market cap of $916.41 million, a PE ratio of 84.50, a P/E/G ratio of 1.45 and a beta of 1.56.
Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share 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 firm had revenue of $352.84 million for the quarter, compared to analyst estimates of $321.31 million. Research analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.
Fox Factory Company Profile
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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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