Retirement Systems of Alabama Sells 70,020 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Retirement Systems of Alabama lowered its position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 56.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,081 shares of the company's stock after selling 70,020 shares during the quarter. Retirement Systems of Alabama owned 0.13% of Fox Factory worth $3,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in shares of Fox Factory during the fourth quarter worth about $29,000. Operose Advisors LLC acquired a new position in shares of Fox Factory in the 3rd quarter worth approximately $37,000. Assetmark Inc. boosted its stake in shares of Fox Factory by 171.4% in the 3rd quarter. Assetmark Inc. now owns 380 shares of the company's stock valued at $38,000 after purchasing an additional 240 shares during the last quarter. CWM LLC increased its position in shares of Fox Factory by 54.1% during the fourth quarter. CWM LLC now owns 624 shares of the company's stock worth $42,000 after buying an additional 219 shares during the period. Finally, CVA Family Office LLC bought a new position in Fox Factory during the fourth quarter worth $55,000.

Fox Factory Stock Up 4.5 %

Shares of FOXF traded up $1.97 during trading hours on Wednesday, reaching $45.67. The stock had a trading volume of 1,018,693 shares, compared to its average volume of 625,864. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 3.66 and a beta of 1.68. The firm has a 50-day simple moving average of $46.22 and a 200 day simple moving average of $58.70. The company has a current ratio of 3.43, a quick ratio of 1.85 and a debt-to-equity ratio of 0.63. Fox Factory Holding Corp. has a 12 month low of $37.98 and a 12 month high of $117.68.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.10. Fox Factory had a net margin of 5.41% and a return on equity of 10.56%. The firm had revenue of $333.50 million during the quarter, compared to analysts' expectations of $327.58 million. During the same period last year, the company earned $1.20 earnings per share. The business's revenue was down 16.6% on a year-over-year basis. Equities research analysts predict that Fox Factory Holding Corp. will post 2.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on FOXF shares. Truist Financial cut their price target on shares of Fox Factory from $60.00 to $50.00 and set a "buy" rating on the stock in a research report on Friday, May 3rd. Roth Mkm lowered their target price on Fox Factory from $55.00 to $45.00 and set a "neutral" rating for the company in a report on Friday, May 3rd. Bank of America cut their price target on Fox Factory from $55.00 to $48.00 and set a "neutral" rating on the stock in a report on Monday. Robert W. Baird lowered their price objective on shares of Fox Factory from $55.00 to $48.00 and set a "neutral" rating for the company in a research note on Friday, May 3rd. Finally, Stifel Nicolaus cut their target price on shares of Fox Factory from $56.00 to $45.00 and set a "hold" rating on the stock in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $46.83.

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.