Sterling Capital Management LLC Sells 25,148 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Sterling Capital Management LLC decreased its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 94.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,356 shares of the company's stock after selling 25,148 shares during the quarter. Sterling Capital Management LLC's holdings in Fox Factory were worth $41,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FOXF. William Blair Investment Management LLC increased its position in Fox Factory by 17.1% during the 4th quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company's stock worth $90,310,000 after purchasing an additional 434,998 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Fox Factory by 13.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 622,745 shares of the company's stock worth $18,850,000 after buying an additional 73,110 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Fox Factory by 595.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 247,435 shares of the company's stock worth $7,490,000 after buying an additional 211,864 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Fox Factory by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 225,167 shares of the company's stock valued at $6,816,000 after acquiring an additional 8,162 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Fox Factory by 271.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company's stock valued at $7,921,000 after acquiring an additional 139,512 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FOXF shares. Jefferies Financial Group reduced their target price on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Robert W. Baird dropped their price target on Fox Factory from $32.00 to $25.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. Truist Financial cut their price objective on shares of Fox Factory from $40.00 to $24.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Stifel Nicolaus decreased their price target on shares of Fox Factory from $40.00 to $34.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $35.00.

Fox Factory Trading Down 1.4 %

Shares of NASDAQ FOXF traded down $0.28 during midday trading on Wednesday, hitting $20.31. 408,423 shares of the company traded hands, compared to its average volume of 613,855. The firm has a market cap of $847.17 million, a P/E ratio of 78.12, a P/E/G ratio of 1.45 and a beta of 1.56. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. The stock has a 50-day moving average price of $23.17 and a 200 day moving average price of $28.41. Fox Factory Holding Corp. has a 12-month low of $17.95 and a 12-month high of $54.86.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The firm had revenue of $352.84 million during the quarter, compared to the consensus estimate of $321.31 million. As a group, analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

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.