Assenagon Asset Management S.A. Trims Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Assenagon Asset Management S.A. trimmed its position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 13.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 214,753 shares of the company's stock after selling 32,682 shares during the quarter. Assenagon Asset Management S.A. owned about 0.51% of Fox Factory worth $5,012,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. William Blair Investment Management LLC grew its position in Fox Factory by 17.1% during the 4th quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company's stock worth $90,310,000 after purchasing an additional 434,998 shares during the period. RWWM Inc. increased its holdings in shares of Fox Factory by 174.0% during the 4th quarter. RWWM Inc. now owns 1,997,531 shares of the company's stock valued at $60,465,000 after purchasing an additional 1,268,460 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake 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 purchasing an additional 1,331,480 shares during the period. Capital World Investors boosted its holdings in Fox Factory by 21.8% during the fourth quarter. Capital World Investors now owns 1,341,155 shares of the company's stock worth $40,597,000 after buying an additional 240,416 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC increased its holdings in Fox Factory by 10.9% in the fourth 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.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FOXF shares. Jefferies Financial Group reduced their price target on Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a report on Friday, February 28th. Truist Financial upped their price objective on shares of Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Stifel Nicolaus cut their price objective 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. Finally, Robert W. Baird decreased their target price on Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a research report 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $36.43.

Fox Factory Price Performance

Shares of Fox Factory stock traded up $0.17 on Monday, hitting $26.22. 46,072 shares of the company were exchanged, compared to its average volume of 626,116. 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 company has a 50-day moving average price of $23.13 and a 200 day moving average price of $25.95. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 100.62, a price-to-earnings-growth ratio of 1.45 and a beta of 1.52. 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 issued its 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. The business had revenue of $355.03 million during the quarter, compared to the consensus estimate of $330.71 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The company's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the company earned $0.29 EPS. As a group, sell-side analysts predict that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Fox Factory 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.