Segall Bryant & Hamill LLC Sells 77,861 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Segall Bryant & Hamill LLC reduced its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 51.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,662 shares of the company's stock after selling 77,861 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.18% of Fox Factory worth $1,719,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Precision Wealth Strategies LLC grew its stake in shares of Fox Factory by 6.3% during the 1st quarter. Precision Wealth Strategies LLC now owns 9,321 shares of the company's stock worth $218,000 after acquiring an additional 549 shares in the last quarter. CWM LLC grew its stake in shares of Fox Factory by 76.2% during the 1st quarter. CWM LLC now owns 1,341 shares of the company's stock worth $31,000 after acquiring an additional 580 shares in the last quarter. Swiss National Bank grew its stake 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 valued at $2,482,000 after buying an additional 700 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Fox Factory by 142.8% in the first quarter. Versant Capital Management Inc now owns 1,372 shares of the company's stock valued at $32,000 after buying an additional 807 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Fox Factory by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,039 shares of the company's stock valued at $728,000 after buying an additional 816 shares in the last quarter.

Fox Factory Stock Performance

Shares of FOXF traded down $0.05 during midday trading on Friday, reaching $25.80. 493,759 shares of the stock were exchanged, compared to its average volume of 610,604. Fox Factory Holding Corp. has a twelve month low of $17.95 and a twelve month high of $54.86. 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 market cap of $1.08 billion, a P/E ratio of -4.31 and a beta of 1.50. The stock's 50 day simple moving average is $26.14 and its 200 day simple moving average is $25.26.

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. Fox Factory had a positive return on equity of 4.70% and a negative net margin of 17.64%. The company had revenue of $355.03 million for the quarter, compared to analysts' expectations of $330.71 million. During the same quarter last year, the business earned $0.29 earnings per share. Fox Factory's revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Robert W. Baird decreased 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. Truist Financial raised their price target on Fox Factory from $28.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Finally, Stifel Nicolaus cut their price target on Fox Factory from $40.00 to $34.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Fox Factory has an average rating of "Hold" and a consensus target price of $36.43.

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.