Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. reduced its position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 31.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 132,567 shares of the company's stock after selling 59,568 shares during the period. Ameriprise Financial Inc. owned 0.32% of Fox Factory worth $4,013,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. William Blair Investment Management LLC boosted its holdings in shares of Fox Factory by 17.1% in the 4th quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company's stock valued at $90,310,000 after buying an additional 434,998 shares in the last quarter. RWWM Inc. boosted its holdings in shares of Fox Factory by 174.0% in the 4th quarter. RWWM Inc. now owns 1,997,531 shares of the company's stock valued at $60,465,000 after buying an additional 1,268,460 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Fox Factory by 6,413.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,352,242 shares of the company's stock valued at $40,932,000 after buying an additional 1,331,480 shares in the last quarter. Capital World Investors boosted its holdings in shares of Fox Factory by 21.8% in the 4th quarter. Capital World Investors now owns 1,341,155 shares of the company's stock valued at $40,597,000 after buying an additional 240,416 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC boosted its holdings in shares of Fox Factory by 10.9% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,028,062 shares of the company's stock valued at $31,119,000 after buying an additional 101,056 shares in the last quarter.

Fox Factory Stock Performance

FOXF traded up $0.61 during trading on Friday, reaching $25.59. 736,299 shares of the company's stock were exchanged, compared to its average volume of 621,756. Fox Factory Holding Corp. has a 1 year low of $17.95 and a 1 year high of $54.86. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The stock has a market capitalization of $1.07 billion, a P/E ratio of 98.43, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The company's fifty day simple moving average is $22.37 and its 200-day simple moving average is $26.38.

Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The company had revenue of $355.03 million during the quarter, compared to analyst estimates of $330.71 million. During the same period last year, the firm posted $0.29 EPS. Fox Factory's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, research analysts predict that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FOXF has been the topic of a number of recent analyst reports. Jefferies Financial Group lowered their price target 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. Truist Financial lifted their target price on shares of Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Stifel Nicolaus lowered 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 lowered their target price on shares of Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average 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.