Aquatic Capital Management LLC Cuts Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Aquatic Capital Management LLC lowered its stake in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 41.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,824 shares of the company's stock after selling 14,876 shares during the quarter. Aquatic Capital Management LLC's holdings in Fox Factory were worth $630,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. KBC Group NV grew its holdings in Fox Factory by 80.4% during the 4th quarter. KBC Group NV now owns 2,484 shares of the company's stock valued at $75,000 after buying an additional 1,107 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new position in shares of Fox Factory in the fourth quarter valued at $143,000. Aristides Capital LLC bought a new stake in Fox Factory in the fourth quarter worth $206,000. Magnetar Financial LLC purchased a new stake in Fox Factory during the fourth quarter valued at $206,000. Finally, Diversify Wealth Management LLC lifted its position in Fox Factory by 10.1% during the fourth quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company's stock valued at $207,000 after purchasing an additional 680 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FOXF. Robert W. Baird reduced 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. Stifel Nicolaus reduced their price objective on Fox Factory from $40.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Jefferies Financial Group lowered their price objective on Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Finally, Truist Financial cut their target price on Fox Factory from $40.00 to $24.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Fox Factory has an average rating of "Hold" and an average target price of $35.00.

Fox Factory Price Performance

FOXF opened at $20.66 on Friday. 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 business has a fifty day moving average of $23.06 and a 200 day moving average of $28.28. Fox Factory Holding Corp. has a 52-week low of $17.95 and a 52-week high of $54.86. The stock has a market cap of $861.77 million, a P/E ratio of 79.46, a PEG ratio of 1.45 and a beta of 1.56.

Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. The firm had revenue of $352.84 million for 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%. As a group, sell-side analysts anticipate that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

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.

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