Public Employees Retirement System of Ohio Reduces Stake in Fox Factory Holding Corp. (NASDAQ:FOXF)

Public Employees Retirement System of Ohio lessened its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 98.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 676 shares of the company’s stock after selling 39,191 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Fox Factory were worth $28,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in shares of Fox Factory by 86.0% in the third quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock worth $25,000 after acquiring an additional 277 shares during the period. Signaturefd LLC boosted its holdings in Fox Factory by 301.1% in the third quarter. Signaturefd LLC now owns 726 shares of the company’s stock valued at $30,000 after purchasing an additional 545 shares during the last quarter. nVerses Capital LLC acquired a new stake in Fox Factory during the 3rd quarter worth about $42,000. KBC Group NV raised its stake 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 valued at $57,000 after buying an additional 368 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Fox Factory by 26.5% in the second quarter. Fifth Third Bancorp now owns 1,245 shares of the company’s stock worth $60,000 after buying an additional 261 shares during the last quarter.

Fox Factory Stock Performance

NASDAQ:FOXF opened at $29.87 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. The stock has a market capitalization of $1.25 billion, a PE ratio of 114.89, a P/E/G ratio of 2.67 and a beta of 1.60. Fox Factory Holding Corp. has a fifty-two week low of $28.93 and a fifty-two week high of $70.13. The company has a fifty day moving average of $34.03 and a two-hundred day moving average of $40.41.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The company had revenue of $359.10 million during the quarter, compared to analysts’ expectations of $366.86 million. During the same period in the prior year, the business posted $1.05 earnings per share. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, research analysts forecast that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FOXF. Truist Financial reduced their price target on Fox Factory from $54.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus raised shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Wednesday, December 11th. Bank of America lowered their price target on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Robert W. Baird decreased their price objective on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Finally, Roth Mkm dropped their target price on Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Fox Factory presently has an average rating of “Hold” and an average target price of $40.67.

Fox Factory 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.