Stifel Financial Corp Trims Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Stifel Financial Corp reduced its position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 43.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,879 shares of the company's stock after selling 29,343 shares during the quarter. Stifel Financial Corp owned approximately 0.09% of Fox Factory worth $1,147,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. RWWM Inc. grew its position in shares of Fox Factory by 174.0% during the fourth quarter. RWWM Inc. now owns 1,997,531 shares of the company's stock worth $60,465,000 after buying an additional 1,268,460 shares in the last quarter. William Blair Investment Management LLC grew its position in shares of Fox Factory by 17.1% during the fourth quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company's stock worth $90,310,000 after buying an additional 434,998 shares in the last quarter. Capital World Investors grew its position in shares of Fox Factory by 21.8% during the fourth quarter. Capital World Investors now owns 1,341,155 shares of the company's stock worth $40,597,000 after buying an additional 240,416 shares in the last quarter. Assenagon Asset Management S.A. grew its position 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. Finally, JPMorgan Chase & Co. grew its position in shares of Fox Factory by 271.6% during the third quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company's stock worth $7,921,000 after buying an additional 139,512 shares in the last quarter.

Fox Factory Stock Up 8.3%

FOXF traded up $1.98 on Monday, reaching $25.76. The company's stock had a trading volume of 1,461,003 shares, compared to its average volume of 612,323. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. Fox Factory Holding Corp. has a fifty-two week low of $17.95 and a fifty-two week high of $54.86. The stock has a 50 day moving average of $22.43 and a two-hundred day moving average of $27.38. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 99.08, a P/E/G ratio of 1.45 and a beta of 1.54.

Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The company had revenue of $355.03 million during the quarter, compared to analysts' expectations of $330.71 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. As a group, analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.