Envestnet Asset Management Inc. Sells 134,540 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Envestnet Asset Management Inc. reduced its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 51.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 126,513 shares of the company's stock after selling 134,540 shares during the quarter. Envestnet Asset Management Inc. owned 0.30% of Fox Factory worth $3,830,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. KBC Group NV increased its holdings in Fox Factory by 80.4% in the 4th quarter. KBC Group NV now owns 2,484 shares of the company's stock worth $75,000 after purchasing an additional 1,107 shares in the last quarter. Magnetar Financial LLC acquired a new position in Fox Factory in the 4th quarter worth about $206,000. Diversify Wealth Management LLC increased its holdings in 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 purchasing an additional 680 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Fox Factory in the 4th quarter worth about $230,000. Finally, HighTower Advisors LLC increased its holdings in Fox Factory by 23.8% in the 3rd quarter. HighTower Advisors LLC now owns 5,880 shares of the company's stock worth $243,000 after purchasing an additional 1,131 shares in the last quarter.

Fox Factory Trading Down 0.0 %

NASDAQ FOXF traded down $0.01 during trading hours on Tuesday, hitting $20.59. 426,804 shares of the company's stock were exchanged, compared to its average volume of 615,859. The stock has a 50-day simple moving average of $23.28 and a 200 day simple moving average of $28.47. The firm has a market cap of $858.85 million, a price-to-earnings ratio of 79.20, a PEG ratio of 1.45 and a beta of 1.56. 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.

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 business had revenue of $352.84 million during the quarter, compared to analyst estimates of $321.31 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. On average, equities analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Truist Financial lowered their target price on Fox Factory from $40.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th. Robert W. Baird decreased their price target on Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Jefferies Financial Group decreased their price target 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, Stifel Nicolaus decreased their price target on Fox Factory from $40.00 to $34.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Fox Factory currently has a consensus rating of "Hold" and a consensus target price of $35.00.

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.