Victory Capital Management Inc. Has $557,000 Stock Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Victory Capital Management Inc. trimmed its position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 57.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,414 shares of the company's stock after selling 24,477 shares during the period. Victory Capital Management Inc.'s holdings in Fox Factory were worth $557,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FOXF. Disciplined Growth Investors Inc. MN bought a new stake in shares of Fox Factory in the 3rd quarter worth approximately $5,743,000. Caprock Group LLC grew its position in Fox Factory by 133.7% in the fourth quarter. Caprock Group LLC now owns 22,396 shares of the company's stock worth $678,000 after buying an additional 12,813 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Fox Factory by 89.0% in the third quarter. Thrivent Financial for Lutherans now owns 68,532 shares of the company's stock valued at $2,844,000 after buying an additional 32,263 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in shares of 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 acquiring an additional 98,387 shares during the last quarter. Finally, Angeles Wealth Management LLC bought a new stake in shares of Fox Factory during the 4th quarter worth $1,710,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Robert W. Baird cut their target price on Fox Factory from $38.00 to $32.00 and set a "neutral" rating on the stock in a research report on Friday, February 28th. Jefferies Financial Group cut their price objective on Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, February 28th. StockNews.com upgraded shares of Fox Factory from a "sell" rating to a "hold" rating in a report on Thursday, November 28th. Stifel Nicolaus raised shares of Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 target price on the stock in a research report on Wednesday, December 11th. Finally, Truist Financial reduced their price target on shares of Fox Factory from $42.00 to $40.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $39.14.

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Fox Factory Stock Down 1.2 %

Shares of FOXF stock traded down $0.31 during trading on Tuesday, hitting $25.47. 528,136 shares of the company were exchanged, compared to its average volume of 627,507. The business's 50-day simple moving average is $26.64 and its 200 day simple moving average is $32.00. Fox Factory Holding Corp. has a twelve month low of $23.91 and a twelve month high of $54.86. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 97.97, a P/E/G ratio of 1.45 and a beta of 1.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.02. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The company had revenue of $352.84 million during the quarter, compared to analyst estimates of $321.31 million. As a group, analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal 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.