Fox Factory Holding Corp. (NASDAQ:FOXF) Stock Position Decreased by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 57.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KBC Group NV lifted its stake in shares of Fox Factory by 36.5% in 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 during the period. Thrivent Financial for Lutherans lifted its stake in shares of Fox Factory by 89.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 68,532 shares of the company’s stock worth $2,844,000 after acquiring an additional 32,263 shares during the period. Caprock Group LLC acquired a new stake in shares of Fox Factory in the 3rd quarter worth approximately $398,000. Segall Bryant & Hamill LLC raised its holdings in shares of Fox Factory by 2.0% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 194,807 shares of the company’s stock worth $8,084,000 after purchasing an additional 3,766 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Fox Factory in the 3rd quarter worth approximately $541,000.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FOXF. StockNews.com upgraded shares of Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Truist Financial decreased their target price 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. Robert W. Baird decreased their price objective on shares of Fox Factory from $38.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, February 28th. Stifel Nicolaus raised shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Wednesday, December 11th. Finally, Jefferies Financial Group reduced 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. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $39.14.

Fox Factory Trading Up 0.5 %

Shares of Fox Factory stock opened at $25.02 on Friday. The stock has a market capitalization of $1.04 billion, a P/E ratio of 96.23, a price-to-earnings-growth ratio of 1.45 and a beta of 1.65. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. The company has a 50-day simple moving average of $26.67 and a 200 day simple moving average of $32.21. Fox Factory Holding Corp. has a 12-month low of $23.91 and a 12-month high of $54.86.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS for the quarter, topping 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 firm had revenue of $352.84 million for the quarter, compared to analyst estimates of $321.31 million. Research analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share 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.