California Public Employees Retirement System Sells 4,438 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

California Public Employees Retirement System lessened its holdings in Fox Factory Holding Corp. (NASDAQ:FOXFGet Rating) by 4.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 89,778 shares of the company’s stock after selling 4,438 shares during the quarter. California Public Employees Retirement System owned approximately 0.21% of Fox Factory worth $7,231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of FOXF. Covestor Ltd grew its position in Fox Factory by 58.4% in the 1st quarter. Covestor Ltd now owns 358 shares of the company’s stock valued at $35,000 after acquiring an additional 132 shares during the last quarter. First Horizon Advisors Inc. grew its position in Fox Factory by 375.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 656 shares of the company’s stock valued at $52,000 after acquiring an additional 518 shares during the last quarter. Logan Capital Management Inc. grew its position in Fox Factory by 34.5% in the 1st quarter. Logan Capital Management Inc. now owns 601 shares of the company’s stock valued at $59,000 after acquiring an additional 154 shares during the last quarter. Ellevest Inc. grew its position in Fox Factory by 483.7% in the 2nd quarter. Ellevest Inc. now owns 753 shares of the company’s stock valued at $61,000 after acquiring an additional 624 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Fox Factory during the 1st quarter worth $69,000. Institutional investors own 98.71% of the company’s stock.

Fox Factory Trading Up 1.1 %

Shares of NASDAQ FOXF opened at $105.98 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.31 and a quick ratio of 1.97. The stock has a market capitalization of $4.48 billion, a P/E ratio of 23.66, a price-to-earnings-growth ratio of 1.43 and a beta of 1.69. Fox Factory Holding Corp. has a 1-year low of $69.28 and a 1-year high of $188.48. The business has a fifty day moving average price of $87.14 and a 200 day moving average price of $88.21.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FOXF. Truist Financial dropped their price target on Fox Factory from $130.00 to $108.00 and set a “buy” rating on the stock in a research report on Wednesday, October 5th. StockNews.com began coverage on Fox Factory in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Stifel Nicolaus raised Fox Factory from a “hold” rating to a “buy” rating and increased their price target for the stock from $88.00 to $115.00 in a research report on Friday, August 5th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $111.00.

Fox Factory Profile

(Get Rating)

Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers mid-end and high-end front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and 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.

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Institutional Ownership by Quarter for Fox Factory (NASDAQ:FOXF)

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