Barclays PLC Cuts Stake in Fox Factory Holding Corp. (NASDAQ:FOXF)

Barclays PLC cut its position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 39.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,191 shares of the company's stock after selling 48,615 shares during the quarter. Barclays PLC owned 0.18% of Fox Factory worth $2,246,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Fox Factory in the 4th quarter valued at approximately $2,543,000. Advantage Alpha Capital Partners LP lifted its stake in shares of Fox Factory by 30.8% in the 4th quarter. Advantage Alpha Capital Partners LP now owns 68,221 shares of the company's stock valued at $2,065,000 after acquiring an additional 16,081 shares during the last quarter. Caprock Group LLC boosted its holdings in shares of Fox Factory by 133.7% during the 4th quarter. Caprock Group LLC now owns 22,396 shares of the company's stock valued at $678,000 after acquiring an additional 12,813 shares in the last quarter. Mutual of America Capital Management LLC grew its position in Fox Factory by 1,569.2% during the 4th quarter. Mutual of America Capital Management LLC now owns 104,657 shares of the company's stock worth $3,168,000 after acquiring an additional 98,387 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Fox Factory by 13.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 622,745 shares of the company's stock worth $18,850,000 after purchasing an additional 73,110 shares in the last quarter.

Fox Factory Stock Up 2.4 %

Shares of NASDAQ FOXF traded up $0.50 during mid-day trading on Friday, reaching $21.16. 485,575 shares of the company's stock traded hands, compared to its average volume of 609,610. 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 cap of $882.63 million, a P/E ratio of 81.39, a PEG ratio of 1.45 and a beta of 1.56. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The business has a 50-day simple moving average of $22.96 and a 200 day simple moving average of $28.07.

Fox Factory (NASDAQ:FOXF - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. The business had revenue of $352.84 million during the quarter, compared to the consensus estimate of $321.31 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. On average, analysts expect that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Stifel Nicolaus lowered 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. Jefferies Financial Group dropped their price target on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Robert W. Baird cut their price target on shares of Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. Finally, Truist Financial lowered their price target on shares of Fox Factory from $40.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $35.00.

Fox Factory Company 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.