Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Sold by Raymond James & Associates

Raymond James & Associates lowered its stake in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 36.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 58,569 shares of the company's stock after selling 33,737 shares during the quarter. Raymond James & Associates owned 0.14% of Fox Factory worth $3,952,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FOXF. Vanguard Group Inc. lifted its position in shares of Fox Factory by 0.3% in the third quarter. Vanguard Group Inc. now owns 4,141,837 shares of the company's stock valued at $327,537,000 after acquiring an additional 12,523 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Fox Factory by 0.9% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,676,115 shares of the company's stock worth $364,229,000 after purchasing an additional 33,703 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of Fox Factory by 0.3% during the first quarter. Clearbridge Investments LLC now owns 1,600,160 shares of the company's stock worth $156,736,000 after buying an additional 4,061 shares in the last quarter. State Street Corp raised its position in shares of Fox Factory by 0.3% in the second quarter. State Street Corp now owns 1,377,776 shares of the company's stock valued at $149,502,000 after buying an additional 4,399 shares during the last quarter. Finally, FMR LLC raised its position in shares of Fox Factory by 46.2% in the third quarter. FMR LLC now owns 1,136,720 shares of the company's stock valued at $112,626,000 after buying an additional 359,168 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FOXF. Bank of America lowered Fox Factory from a "buy" rating to a "neutral" rating and set a $55.00 price target on the stock. in a report on Friday, February 23rd. Stifel Nicolaus cut their price target on shares of Fox Factory from $69.00 to $56.00 and set a "hold" rating for the company in a report on Friday, February 23rd. Truist Financial reduced their price target on shares of Fox Factory from $90.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, February 23rd. Finally, StockNews.com cut Fox Factory from a "hold" rating to a "sell" rating in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $68.20.

Fox Factory Stock Down 0.9 %

FOXF stock traded down $0.40 during mid-day trading on Friday, reaching $42.30. The company had a trading volume of 609,357 shares, compared to its average volume of 923,666. The firm has a fifty day simple moving average of $53.57 and a 200 day simple moving average of $65.27. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.91 and a current ratio of 3.70. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 3.59 and a beta of 1.64. Fox Factory Holding Corp. has a fifty-two week low of $41.14 and a fifty-two week high of $117.68.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its earnings results on Thursday, February 22nd. The company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.34). Fox Factory had a return on equity of 13.86% and a net margin of 8.25%. The firm had revenue of $332.50 million for the quarter, compared to analyst estimates of $327.07 million. During the same quarter in the previous year, the firm posted $1.43 EPS. The business's revenue for the quarter was down 18.6% on a year-over-year basis. Analysts forecast that Fox Factory Holding Corp. will post 2.42 earnings per share for the current fiscal year.

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.