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M&T Bank Corp Has $494,000 Stock Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Fox Factory logo with Auto/Tires/Trucks background

M&T Bank Corp lessened its stake in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 35.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,172 shares of the company's stock after selling 11,495 shares during the quarter. M&T Bank Corp owned 0.05% of Fox Factory worth $494,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FOXF. Versant Capital Management Inc boosted its holdings in shares of Fox Factory by 142.8% during the 1st quarter. Versant Capital Management Inc now owns 1,372 shares of the company's stock worth $32,000 after purchasing an additional 807 shares during the last quarter. GAMMA Investing LLC lifted its stake in Fox Factory by 254.1% during the first quarter. GAMMA Investing LLC now owns 1,696 shares of the company's stock worth $40,000 after purchasing an additional 1,217 shares in the last quarter. Quarry LP purchased a new stake in shares of Fox Factory during the fourth quarter worth $45,000. First Horizon Advisors Inc. increased its position in shares of Fox Factory by 113.8% during the first quarter. First Horizon Advisors Inc. now owns 1,950 shares of the company's stock worth $46,000 after acquiring an additional 1,038 shares during the period. Finally, Eukles Asset Management increased its position in shares of Fox Factory by 80.3% during the first quarter. Eukles Asset Management now owns 2,265 shares of the company's stock worth $53,000 after acquiring an additional 1,009 shares during the period.

Fox Factory Price Performance

Shares of FOXF traded down $0.05 during mid-day trading on Friday, reaching $25.80. 493,759 shares of the company's stock were exchanged, compared to its average volume of 609,867. The company has a quick ratio of 1.36, a current ratio of 3.18 and a debt-to-equity ratio of 0.73. The company has a 50-day simple moving average of $26.14 and a two-hundred day simple moving average of $25.29. Fox Factory Holding Corp. has a 52-week low of $17.95 and a 52-week high of $54.86. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -4.31 and a beta of 1.50.

Fox Factory (NASDAQ:FOXF - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $355.03 million during the quarter, compared to analysts' expectations of $330.71 million. Fox Factory had a negative net margin of 17.64% and a positive return on equity of 4.70%. Fox Factory's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 EPS. On average, sell-side analysts predict that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FOXF has been the topic of several recent analyst reports. Robert W. Baird dropped 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 dropped their target price on Fox Factory from $40.00 to $34.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Truist Financial raised their price objective on Fox Factory from $28.00 to $34.00 and gave the stock 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, Fox Factory presently has a consensus rating of "Hold" and a consensus target price of $36.43.

Get Our Latest Stock Analysis on FOXF

About Fox Factory

(Free Report)

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.

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Institutional Ownership by Quarter for Fox Factory (NASDAQ:FOXF)

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