Raymond James & Associates Lowers Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Raymond James & Associates lowered its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 36.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,569 shares of the company’s stock after selling 33,737 shares during the quarter. Raymond James & Associates’ holdings in Fox Factory were worth $3,952,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Fox Factory by 0.3% during the third quarter. Vanguard Group Inc. now owns 4,141,837 shares of the company’s stock valued at $327,537,000 after acquiring an additional 12,523 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Fox Factory by 0.9% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,676,115 shares of the company’s stock valued at $364,229,000 after acquiring an additional 33,703 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of Fox Factory by 0.3% during the first quarter. Clearbridge Investments LLC now owns 1,600,160 shares of the company’s stock valued at $156,736,000 after acquiring an additional 4,061 shares during the last quarter. State Street Corp raised its holdings in shares of Fox Factory by 0.3% during the second quarter. State Street Corp now owns 1,377,776 shares of the company’s stock valued at $149,502,000 after acquiring an additional 4,399 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Fox Factory by 46.2% during the third quarter. FMR LLC now owns 1,136,720 shares of the company’s stock valued at $112,626,000 after acquiring an additional 359,168 shares during the last quarter.

Fox Factory Price Performance

NASDAQ:FOXF opened at $42.30 on Friday. The stock has a 50 day moving average price of $53.57 and a 200 day moving average price of $65.47. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.91 and a current ratio of 3.70. The stock has a market cap of $1.78 billion, a PE ratio of 14.84, a P/E/G ratio of 3.61 and a beta of 1.64. Fox Factory Holding Corp. has a one year low of $41.14 and a one year high of $117.68.

Fox Factory (NASDAQ:FOXF) last posted its earnings results on Thursday, February 22nd. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.34). The business had revenue of $332.50 million for the quarter, compared to analyst estimates of $327.07 million. Fox Factory had a return on equity of 13.86% and a net margin of 8.25%. Fox Factory’s revenue was down 18.6% compared to the same quarter last year. During the same period last year, the business earned $1.43 EPS. Equities research analysts expect that Fox Factory Holding Corp. will post 2.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FOXF has been the subject of a number of research analyst reports. StockNews.com cut Fox Factory from a “hold” rating to a “sell” rating in a report on Monday, February 26th. Bank of America cut Fox Factory from a “buy” rating to a “neutral” rating and set a $55.00 target price for the company. in a report on Friday, February 23rd. Stifel Nicolaus cut their price target on Fox Factory from $69.00 to $56.00 and set a “hold” rating for the company in a report on Friday, February 23rd. Finally, Truist Financial cut their price target on Fox Factory from $90.00 to $60.00 and set a “buy” rating for the company in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Fox Factory has an average rating of “Hold” and a consensus price target of $68.20.

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.