LPL Financial LLC Has $632,000 Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

LPL Financial LLC reduced its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 40.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,873 shares of the company's stock after selling 14,177 shares during the period. LPL Financial LLC owned 0.05% of Fox Factory worth $632,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Diversify Wealth Management LLC grew 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 worth $207,000 after buying an additional 680 shares in the last quarter. Swiss National Bank lifted its position in shares of Fox Factory by 0.9% during the 4th quarter. Swiss National Bank now owns 82,000 shares of the company's stock worth $2,482,000 after buying an additional 700 shares during the period. KBC Group NV grew its position in Fox Factory by 80.4% in the fourth quarter. KBC Group NV now owns 2,484 shares of the company's stock valued at $75,000 after acquiring an additional 1,107 shares during the period. HighTower Advisors LLC raised its stake in Fox Factory by 23.8% during the third quarter. HighTower Advisors LLC now owns 5,880 shares of the company's stock worth $243,000 after acquiring an additional 1,131 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Fox Factory by 1.4% during the fourth quarter. Rhumbline Advisers now owns 129,275 shares of the company's stock worth $3,913,000 after acquiring an additional 1,790 shares in the last quarter.

Analyst Ratings Changes

FOXF has been the subject of several recent analyst reports. Jefferies Financial Group dropped their price objective on Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Truist Financial dropped their price objective on Fox Factory from $40.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Robert W. Baird lowered their target price on Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Finally, Stifel Nicolaus lowered their target price 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. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $35.00.

Fox Factory Trading Down 0.0 %

FOXF traded down $0.01 during midday trading on Tuesday, reaching $20.59. 426,804 shares of the company were exchanged, compared to its average volume of 615,859. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. Fox Factory Holding Corp. has a one year low of $17.95 and a one year high of $54.86. The stock has a market capitalization of $858.85 million, a P/E ratio of 79.20, a PEG ratio of 1.45 and a beta of 1.56. The stock's 50-day simple moving average is $23.28 and its 200 day simple moving average is $28.47.

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

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.