Truist Financial Corp decreased its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 66.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,256 shares of the company's stock after selling 14,594 shares during the period. Truist Financial Corp's holdings in Fox Factory were worth $220,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE boosted its holdings in shares of Fox Factory by 2.6% during the 3rd quarter. US Bancorp DE now owns 42,844 shares of the company's stock valued at $1,778,000 after purchasing an additional 1,099 shares during the last quarter. D.B. Root & Company LLC boosted its stake in Fox Factory by 24.7% during the third quarter. D.B. Root & Company LLC now owns 6,060 shares of the company's stock valued at $251,000 after buying an additional 1,199 shares during the last quarter. Malaga Cove Capital LLC grew its holdings in Fox Factory by 28.5% during the 3rd quarter. Malaga Cove Capital LLC now owns 12,050 shares of the company's stock valued at $500,000 after buying an additional 2,671 shares in the last quarter. Victory Capital Management Inc. increased its stake in Fox Factory by 1.8% in the 3rd quarter. Victory Capital Management Inc. now owns 42,891 shares of the company's stock worth $1,780,000 after acquiring an additional 772 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Fox Factory by 36.5% during the 3rd quarter. KBC Group NV now owns 1,377 shares of the company's stock worth $57,000 after acquiring an additional 368 shares in the last quarter.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on FOXF shares. Truist Financial reduced their price target on shares of Fox Factory from $42.00 to $40.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Stifel Nicolaus upgraded shares of Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 target price on the stock in a report on Wednesday, December 11th. Jefferies Financial Group lowered 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. StockNews.com raised Fox Factory from a "sell" rating to a "hold" rating in a research note on Thursday, November 28th. Finally, Robert W. Baird lowered their price objective on Fox Factory from $38.00 to $32.00 and set a "neutral" rating for the company in a research note on Friday, February 28th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Fox Factory presently has an average rating of "Hold" and an average target price of $39.14.
Get Our Latest Stock Analysis on FOXF
Fox Factory Trading Up 1.5 %
Shares of FOXF traded up $0.39 during mid-day trading on Monday, reaching $26.55. 621,376 shares of the company's stock traded hands, compared to its average volume of 623,950. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The stock's 50-day moving average is $27.57 and its two-hundred day moving average is $33.16. Fox Factory Holding Corp. has a 12 month low of $25.17 and a 12 month high of $54.86. The stock has a market cap of $1.11 billion, a P/E ratio of 102.12, a P/E/G ratio of 1.45 and a beta of 1.65.
Fox Factory (NASDAQ:FOXF - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. The company had revenue of $352.84 million for 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%. Research analysts forecast that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.
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.
See Also
Before you consider Fox Factory, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fox Factory wasn't on the list.
While Fox Factory currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
