Charles Schwab Investment Management Inc. Boosts Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 4.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 421,003 shares of the company's stock after acquiring an additional 16,542 shares during the period. Charles Schwab Investment Management Inc. owned 0.99% of Fox Factory worth $28,409,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. GAMMA Investing LLC acquired a new stake in Fox Factory during the 4th quarter worth approximately $29,000. Operose Advisors LLC bought a new stake in Fox Factory in the third quarter worth about $37,000. CWM LLC lifted its position in shares of Fox Factory by 54.1% during the 4th quarter. CWM LLC now owns 624 shares of the company's stock valued at $42,000 after buying an additional 219 shares during the last quarter. CVA Family Office LLC purchased a new position in Fox Factory in the 4th quarter valued at approximately $55,000. Finally, Benjamin Edwards Inc. raised its stake in shares of Fox Factory by 15.7% during the 4th quarter. Benjamin Edwards Inc. now owns 2,074 shares of the company's stock valued at $140,000 after purchasing an additional 282 shares during the period.

Fox Factory Price Performance

Shares of FOXF stock traded down $2.77 during trading hours on Thursday, hitting $43.77. 578,119 shares of the company's stock were exchanged, compared to its average volume of 615,276. 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. The company has a market capitalization of $1.82 billion, a PE ratio of 24.45, a PEG ratio of 1.96 and a beta of 1.68. The business's 50 day simple moving average is $45.26 and its 200-day simple moving average is $56.18.

Fox Factory (NASDAQ:FOXF - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.10. The firm had revenue of $333.50 million for the quarter, compared to analysts' expectations of $327.58 million. Fox Factory had a return on equity of 10.56% and a net margin of 5.41%. The business's quarterly revenue was down 16.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 EPS. On average, equities research analysts anticipate that Fox Factory Holding Corp. will post 2.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FOXF shares. B. Riley dropped their target price on Fox Factory from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Friday, May 3rd. Bank of America reduced their price objective on Fox Factory from $55.00 to $48.00 and set a "neutral" rating on the stock in a report on Monday, May 6th. Robert W. Baird decreased their price target on shares of Fox Factory from $55.00 to $48.00 and set a "neutral" rating on the stock in a research note on Friday, May 3rd. Stifel Nicolaus decreased their price target on Fox Factory from $56.00 to $45.00 and set a "hold" rating for the company in a report on Wednesday, April 24th. Finally, StockNews.com lowered shares of Fox Factory from a "hold" rating to a "sell" rating in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Fox Factory currently has an average rating of "Hold" and an average price target of $46.83.

Fox Factory 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.