Kettle Hill Capital Management LLC Cuts Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Kettle Hill Capital Management LLC decreased its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 77,402 shares of the company's stock after selling 10,735 shares during the quarter. Kettle Hill Capital Management LLC owned 0.19% of Fox Factory worth $2,343,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in shares of Fox Factory by 6,413.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,352,242 shares of the company's stock worth $40,932,000 after buying an additional 1,331,480 shares during the last quarter. RWWM Inc. boosted its stake in shares of Fox Factory by 174.0% in the 4th quarter. RWWM Inc. now owns 1,997,531 shares of the company's stock worth $60,465,000 after buying an additional 1,268,460 shares during the last quarter. Nantahala Capital Management LLC purchased a new position in shares of Fox Factory in the 4th quarter worth approximately $19,252,000. William Blair Investment Management LLC boosted its stake in shares of Fox Factory by 17.1% in the 4th quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company's stock worth $90,310,000 after buying an additional 434,998 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of Fox Factory by 46.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 821,380 shares of the company's stock worth $24,863,000 after buying an additional 261,140 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Jefferies Financial Group lowered their price target on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Truist Financial lifted their price target on shares of Fox Factory from $28.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday. Stifel Nicolaus lowered their price target on shares of Fox Factory from $40.00 to $34.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Robert W. Baird lowered 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. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $36.43.

Fox Factory Stock Performance

FOXF stock traded down $0.01 during midday trading on Wednesday, reaching $26.32. 568,249 shares of the company's stock traded hands, compared to its average volume of 613,937. The company has a 50-day moving average price of $22.41 and a two-hundred day moving average price of $27.29. 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 52 week low of $17.95 and a 52 week high of $54.86. The firm has a market capitalization of $1.10 billion, a PE ratio of 101.23, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The business had revenue of $355.03 million for the quarter, compared to analysts' expectations of $330.71 million. During the same quarter in the previous year, the firm posted $0.29 EPS. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts anticipate that Fox Factory Holding Corp. will post 1.31 EPS 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.