Synovus Financial Corp Has $217,000 Stock Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Synovus Financial Corp cut its position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 69.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,156 shares of the company's stock after selling 16,150 shares during the quarter. Synovus Financial Corp's holdings in Fox Factory were worth $217,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FOXF. Diversify Wealth Management LLC increased its stake in Fox Factory by 10.1% during the 4th quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company's stock worth $207,000 after acquiring an additional 680 shares during the period. Swiss National Bank raised its stake in 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. KBC Group NV lifted its position 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 purchasing an additional 1,107 shares during the period. HighTower Advisors LLC grew its stake in 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. Finally, Rhumbline Advisers increased its holdings in Fox Factory by 1.4% in the 4th quarter. Rhumbline Advisers now owns 129,275 shares of the company's stock valued at $3,913,000 after buying an additional 1,790 shares during the period.

Analyst Upgrades and Downgrades

FOXF has been the topic of several analyst reports. Robert W. Baird reduced their price target on shares of Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Truist Financial reduced their target price on Fox Factory from $40.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus dropped their price objective on Fox Factory from $40.00 to $34.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Jefferies Financial Group decreased 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $35.00.

Fox Factory Trading Up 0.7 %

NASDAQ FOXF traded up $0.15 on Wednesday, reaching $20.48. The company had a trading volume of 341,266 shares, compared to its average volume of 618,413. The firm has a market cap of $854.26 million, a price-to-earnings ratio of 78.39, a P/E/G ratio of 1.45 and a beta of 1.56. Fox Factory Holding Corp. has a fifty-two week low of $17.95 and a fifty-two week high of $54.86. The business has a 50 day moving average of $23.83 and a two-hundred day moving average of $29.12. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62.

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. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The company had revenue of $352.84 million during the quarter, compared to the consensus estimate of $321.31 million. Analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current 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.