Allspring Global Investments Holdings LLC Has $1.39 Million Stake in Fox Factory Holding Corp. (NASDAQ:FOXF)

Allspring Global Investments Holdings LLC lessened its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 81.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,620 shares of the company's stock after selling 90,474 shares during the period. Allspring Global Investments Holdings LLC's holdings in Fox Factory were worth $1,391,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. FirstPurpose Wealth LLC increased its stake in shares of Fox Factory by 6.7% in the third quarter. FirstPurpose Wealth LLC now owns 2,907 shares of the company's stock worth $288,000 after acquiring an additional 183 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in Fox Factory by 3.3% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 6,662 shares of the company's stock worth $660,000 after buying an additional 213 shares in the last quarter. Mariner LLC boosted its holdings in Fox Factory by 5.1% during the third quarter. Mariner LLC now owns 4,491 shares of the company's stock worth $445,000 after buying an additional 216 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in Fox Factory by 11.1% during the third quarter. Coldstream Capital Management Inc. now owns 2,167 shares of the company's stock worth $215,000 after buying an additional 217 shares in the last quarter. Finally, Inspire Investing LLC boosted its holdings in Fox Factory by 8.1% during the third quarter. Inspire Investing LLC now owns 3,111 shares of the company's stock worth $308,000 after buying an additional 234 shares in the last quarter.

Fox Factory Price Performance

Shares of NASDAQ:FOXF traded down $0.02 during midday trading on Tuesday, hitting $40.64. The company's stock had a trading volume of 464,583 shares, compared to its average volume of 604,106. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.91 and a current ratio of 3.70. Fox Factory Holding Corp. has a 12-month low of $40.15 and a 12-month high of $117.68. The company has a market cap of $1.71 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 3.41 and a beta of 1.64. The business's 50 day simple moving average is $50.75 and its 200 day simple moving average is $62.71.

Fox Factory (NASDAQ:FOXF - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $327.07 million. During the same quarter in the prior year, the firm earned $1.43 earnings per share. Fox Factory's quarterly revenue was down 18.6% on a year-over-year basis. On average, analysts forecast that Fox Factory Holding Corp. will post 2.42 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FOXF. Truist Financial lowered 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. StockNews.com downgraded shares of Fox Factory from a "hold" rating to a "sell" rating in a report on Monday, February 26th. Stifel Nicolaus decreased their price objective on shares of Fox Factory from $69.00 to $56.00 and set a "hold" rating on the stock in a report on Friday, February 23rd. Finally, Bank of America downgraded shares of Fox Factory from a "buy" rating to a "neutral" rating and set a $55.00 price objective on the stock. in a report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $68.20.

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.