Aquatic Capital Management LLC Sells 14,876 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

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

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Stifel Nicolaus cut their target price on Fox Factory from $40.00 to $34.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Robert W. Baird cut their price target on Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. Jefferies Financial Group dropped their target price on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Finally, Truist Financial reduced their price target on shares of Fox Factory from $40.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Fox Factory currently has a consensus rating of "Hold" and a consensus price target of $35.00.

Fox Factory Stock Performance

NASDAQ:FOXF traded up $0.45 during trading hours on Wednesday, reaching $20.59. The stock had a trading volume of 203,360 shares, compared to its average volume of 604,945. Fox Factory Holding Corp. has a 12-month low of $17.95 and a 12-month high of $54.86. 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 50 day simple moving average of $22.75 and a 200 day simple moving average of $27.78. The stock has a market cap of $858.77 million, a P/E ratio of 79.45, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54.

Fox Factory (NASDAQ:FOXF - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.02. The company 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%. On average, research analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal 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.