Walleye Capital LLC Sells 75,812 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Walleye Capital LLC trimmed its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 68.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,852 shares of the company's stock after selling 75,812 shares during the quarter. Walleye Capital LLC owned 0.08% of Fox Factory worth $1,055,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in FOXF. KBC Group NV lifted its stake in Fox Factory by 80.4% during the fourth quarter. KBC Group NV now owns 2,484 shares of the company's stock valued at $75,000 after buying an additional 1,107 shares in the last quarter. Magnetar Financial LLC acquired a new stake in Fox Factory during the 4th quarter valued at $206,000. Aristides Capital LLC purchased a new stake in shares of Fox Factory in the fourth quarter valued at $206,000. Diversify Wealth Management LLC lifted its holdings in shares of Fox Factory by 10.1% in the fourth quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company's stock valued at $207,000 after purchasing an additional 680 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Fox Factory in the fourth quarter worth $230,000.

Analyst Upgrades and Downgrades

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

Fox Factory Stock Down 0.9 %

Shares of FOXF stock traded down $0.19 on Friday, hitting $20.97. The company's stock had a trading volume of 89,925 shares, compared to its average volume of 615,854. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The stock has a market capitalization of $874.70 million, a price-to-earnings ratio of 80.37, a P/E/G ratio of 1.45 and a beta of 1.56. Fox Factory Holding Corp. has a fifty-two week low of $17.95 and a fifty-two week high of $54.86. The firm's fifty day moving average price is $23.63 and its 200-day moving average price is $28.93.

Fox Factory (NASDAQ:FOXF - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, topping 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 company had revenue of $352.84 million during the quarter, compared to the consensus estimate of $321.31 million. Research analysts anticipate that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

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.