Segall Bryant & Hamill LLC Has $1.72 Million Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Segall Bryant & Hamill LLC lowered its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 51.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,662 shares of the company's stock after selling 77,861 shares during the quarter. Segall Bryant & Hamill LLC owned 0.18% of Fox Factory worth $1,719,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FOXF. CWM LLC increased its position in Fox Factory by 76.2% during the first quarter. CWM LLC now owns 1,341 shares of the company's stock worth $31,000 after purchasing an additional 580 shares during the last quarter. Mutual of America Capital Management LLC increased its position in shares of Fox Factory by 51.3% during the first quarter. Mutual of America Capital Management LLC now owns 158,379 shares of the company's stock valued at $3,697,000 after acquiring an additional 53,722 shares during the last quarter. Bridges Investment Management Inc. increased its position in shares of Fox Factory by 127.8% during the first quarter. Bridges Investment Management Inc. now owns 63,455 shares of the company's stock valued at $1,481,000 after acquiring an additional 35,599 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Fox Factory by 474.4% during the first quarter. Nisa Investment Advisors LLC now owns 1,993 shares of the company's stock valued at $47,000 after acquiring an additional 1,646 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Fox Factory by 29.1% during the first quarter. Envestnet Asset Management Inc. now owns 163,301 shares of the company's stock valued at $3,811,000 after acquiring an additional 36,788 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Truist Financial boosted 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 reduced their price target on shares of 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, Robert W. Baird reduced their price target on shares of Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. Five 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.com, Fox Factory currently has an average rating of "Hold" and a consensus target price of $36.43.

Fox Factory Price Performance

NASDAQ:FOXF traded up $2.46 during trading hours on Wednesday, reaching $30.39. The company had a trading volume of 1,197,438 shares, compared to its average volume of 612,545. The stock has a 50-day moving average of $26.26 and a two-hundred day moving average of $25.25. Fox Factory Holding Corp. has a one year low of $17.95 and a one year high of $54.86. The firm has a market capitalization of $1.27 billion, a PE ratio of -5.07 and a beta of 1.50. The company has a quick ratio of 1.36, a current ratio of 3.18 and a debt-to-equity ratio of 0.73.

Fox Factory (NASDAQ:FOXF - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. The firm had revenue of $355.03 million for the quarter, compared to analyst estimates of $330.71 million. Fox Factory had a positive return on equity of 4.70% and a negative net margin of 17.64%. The company's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share. Analysts forecast that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

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.