Vanguard Group Inc. Sells 23,646 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Vanguard Group Inc. trimmed its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,610,153 shares of the company's stock after selling 23,646 shares during the period. Vanguard Group Inc. owned approximately 11.06% of Fox Factory worth $139,549,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC increased 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 valued at $90,310,000 after purchasing an additional 434,998 shares during the period. State Street Corp boosted its stake in Fox Factory by 0.4% during the third quarter. State Street Corp now owns 1,596,222 shares of the company's stock worth $66,243,000 after buying an additional 6,308 shares in the last quarter. Geode Capital Management LLC increased its holdings in Fox Factory by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,002,109 shares of the company's stock valued at $41,595,000 after buying an additional 8,474 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Fox Factory by 13.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 622,745 shares of the company's stock valued at $18,850,000 after buying an additional 73,110 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Fox Factory by 595.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 247,435 shares of the company's stock worth $7,490,000 after acquiring an additional 211,864 shares during the period.

Fox Factory Price Performance

NASDAQ FOXF traded down $0.07 during trading hours on Friday, reaching $19.81. 782,698 shares of the company's stock were exchanged, compared to its average volume of 617,061. The firm has a fifty day moving average of $24.71 and a 200-day moving average of $30.15. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. Fox Factory Holding Corp. has a one year low of $17.95 and a one year high of $54.86. The stock has a market cap of $826.31 million, a PE ratio of 76.20, a price-to-earnings-growth ratio of 1.45 and a beta of 1.56.

Fox Factory (NASDAQ:FOXF - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.02. The company had revenue of $352.84 million during the quarter, compared to analyst estimates of $321.31 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. On average, equities research analysts predict that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FOXF has been the topic of a number of analyst reports. Jefferies Financial Group lowered their target price on shares of Fox Factory from $45.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Robert W. Baird lowered their price objective 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. Stifel Nicolaus dropped their target price on Fox Factory from $40.00 to $34.00 and set a "buy" rating for the company in a report on Thursday. Finally, Truist Financial decreased their price target on Fox Factory from $42.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fox Factory has a consensus rating of "Hold" and a consensus price target of $37.29.

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.