Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Sold by Comerica Bank

Comerica Bank lessened its position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 83.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,406 shares of the company's stock after selling 79,003 shares during the period. Comerica Bank's holdings in Fox Factory were worth $466,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FOXF. Quarry LP purchased a new stake in Fox Factory during the fourth quarter valued at approximately $45,000. KBC Group NV increased its holdings in Fox Factory by 80.4% during the fourth 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 during the last quarter. TD Waterhouse Canada Inc. purchased a new stake in Fox Factory during the fourth quarter valued at approximately $143,000. Magnetar Financial LLC purchased a new stake in Fox Factory during the fourth quarter valued at approximately $206,000. Finally, Aristides Capital LLC purchased a new stake in shares of Fox Factory in the fourth quarter worth $206,000.

Fox Factory Stock Performance

Shares of NASDAQ:FOXF traded down $0.63 on Monday, hitting $25.41. 303,441 shares of the company were exchanged, compared to its average volume of 615,713. The firm has a market capitalization of $1.06 billion, a P/E ratio of 97.73, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. 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 1-year low of $17.95 and a 1-year high of $54.86. The stock's 50 day moving average price is $22.42 and its 200 day moving average price is $27.00.

Fox Factory (NASDAQ:FOXF - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $355.03 million for the quarter, compared to the consensus estimate of $330.71 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The business's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 EPS. Sell-side analysts predict that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Truist Financial lifted their target price on Fox Factory from $28.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Jefferies Financial Group lowered their target price on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Stifel Nicolaus cut their target price on shares of Fox Factory from $40.00 to $34.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Robert W. Baird decreased their price target on shares of Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $36.43.

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.