Mutual of America Capital Management LLC Sells 38,233 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Mutual of America Capital Management LLC lessened its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 59.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,189 shares of the company's stock after selling 38,233 shares during the period. Mutual of America Capital Management LLC owned 0.06% of Fox Factory worth $1,767,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Fox Factory during the third quarter worth $1,950,000. GHP Investment Advisors Inc. lifted its holdings in shares of Fox Factory by 11.5% in the third quarter. GHP Investment Advisors Inc. now owns 37,934 shares of the company's stock worth $3,493,000 after buying an additional 3,911 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of Fox Factory by 3.3% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 6,662 shares of the company's stock valued at $660,000 after acquiring an additional 213 shares during the period. Bank of New York Mellon Corp grew its stake in Fox Factory by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 440,251 shares of the company's stock valued at $43,620,000 after acquiring an additional 4,607 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Fox Factory by 26.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,065 shares of the company's stock worth $700,000 after acquiring an additional 1,485 shares during the period.

Wall Street Analyst Weigh In

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

Fox Factory Price Performance

Shares of NASDAQ FOXF traded up $0.17 during trading hours on Monday, reaching $40.66. 595,931 shares of the stock traded hands, compared to its average volume of 605,919. The company has a market capitalization of $1.71 billion, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 3.41 and a beta of 1.64. The company's 50-day simple moving average is $50.75 and its two-hundred day simple moving average is $62.71. The company has a quick ratio of 1.91, a current ratio of 3.70 and a debt-to-equity ratio of 0.61. Fox Factory Holding Corp. has a 52-week low of $40.15 and a 52-week high of $117.68.

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