Walleye Capital LLC Reduces Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Walleye Capital LLC decreased its stake in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 68.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,852 shares of the company's stock after selling 75,812 shares during the period. Walleye Capital LLC owned 0.08% of Fox Factory worth $1,055,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. William Blair Investment Management LLC grew its position in shares of Fox Factory by 17.1% during the fourth quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company's stock worth $90,310,000 after acquiring an additional 434,998 shares during the last quarter. RWWM Inc. grew its position in Fox Factory by 174.0% during the 4th quarter. RWWM Inc. now owns 1,997,531 shares of the company's stock worth $60,465,000 after purchasing an additional 1,268,460 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Fox Factory by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,002,109 shares of the company's stock valued at $41,595,000 after buying an additional 8,474 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Fox Factory by 13.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 622,745 shares of the company's stock worth $18,850,000 after buying an additional 73,110 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Fox Factory by 595.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 247,435 shares of the company's stock worth $7,490,000 after buying an additional 211,864 shares during the last quarter.

Fox Factory Price Performance

Shares of FOXF traded up $0.83 during trading hours on Thursday, reaching $21.18. The company had a trading volume of 234,486 shares, compared to its average volume of 618,525. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. Fox Factory Holding Corp. has a 12-month low of $17.95 and a 12-month high of $54.86. The firm has a 50 day simple moving average of $23.72 and a 200-day simple moving average of $29.06. The company has a market capitalization of $883.46 million, a price-to-earnings ratio of 81.46, a PEG ratio of 1.45 and a beta of 1.56.

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. The company had revenue of $352.84 million during the quarter, compared to analysts' expectations of $321.31 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. Research analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Analyst Ratings Changes

FOXF has been the topic of several analyst reports. Jefferies Financial Group lowered their target price on Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Truist Financial dropped their price objective on shares of Fox Factory from $40.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Stifel Nicolaus cut their price objective on shares of 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, Robert W. Baird lowered their target price on shares of Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. 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 an average rating of "Hold" and an average price target of $35.00.

About Fox Factory

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.