Bank of America Corp DE Has $11.51 Million Stock Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Bank of America Corp DE trimmed its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 380,199 shares of the company's stock after selling 15,501 shares during the period. Bank of America Corp DE owned 0.91% of Fox Factory worth $11,509,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Diversify Wealth Management LLC raised its position in Fox Factory by 10.1% during the fourth quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company's stock valued at $207,000 after buying an additional 680 shares during the period. Swiss National Bank lifted its position in shares of Fox Factory by 0.9% in the fourth quarter. Swiss National Bank now owns 82,000 shares of the company's stock worth $2,482,000 after purchasing an additional 700 shares in the last quarter. KBC Group NV boosted its holdings in shares of Fox Factory by 80.4% during the fourth quarter. KBC Group NV now owns 2,484 shares of the company's stock worth $75,000 after purchasing an additional 1,107 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of Fox Factory by 6.0% during the fourth quarter. MetLife Investment Management LLC now owns 25,737 shares of the company's stock worth $779,000 after purchasing an additional 1,454 shares during the period. Finally, Quarry LP purchased a new position in Fox Factory during the fourth quarter valued at approximately $45,000.

Fox Factory Stock Performance

Shares of NASDAQ FOXF traded down $0.03 during trading hours on Wednesday, hitting $24.96. 58,562 shares of the company's stock were exchanged, compared to its average volume of 616,084. The company's 50-day moving average price is $22.39 and its 200-day moving average price is $26.57. Fox Factory Holding Corp. has a 1-year low of $17.95 and a 1-year high of $54.86. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 96.00, a PEG ratio of 1.45 and a beta of 1.54. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62.

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

Analyst Ratings Changes

A number of research analysts have commented on the company. Jefferies Financial Group lowered their target price on Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Robert W. Baird cut their target price on Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. Stifel Nicolaus reduced their price target on Fox Factory from $40.00 to $34.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Truist Financial increased their price objective on Fox Factory from $28.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Fox Factory currently has a consensus 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.