State of Alaska Department of Revenue Has $309,000 Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

State of Alaska Department of Revenue decreased its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 8.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,582 shares of the company’s stock after selling 445 shares during the period. State of Alaska Department of Revenue’s holdings in Fox Factory were worth $309,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Covestor Ltd boosted its stake in shares of Fox Factory by 58.4% during the 1st quarter. Covestor Ltd now owns 358 shares of the company’s stock worth $35,000 after buying an additional 132 shares during the last quarter. Operose Advisors LLC bought a new position in Fox Factory in the 3rd quarter valued at about $37,000. Assetmark Inc. raised its holdings in Fox Factory by 171.4% in the 3rd quarter. Assetmark Inc. now owns 380 shares of the company’s stock valued at $38,000 after acquiring an additional 240 shares during the period. CVA Family Office LLC bought a new position in shares of Fox Factory during the fourth quarter worth approximately $55,000. Finally, Lazard Asset Management LLC bought a new position in shares of Fox Factory during the first quarter worth approximately $69,000.

Fox Factory Stock Down 0.9 %

Fox Factory stock opened at $42.30 on Friday. Fox Factory Holding Corp. has a fifty-two week low of $41.14 and a fifty-two week high of $117.68. The stock has a market cap of $1.78 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 3.59 and a beta of 1.64. The firm’s 50-day simple moving average is $53.57 and its 200 day simple moving average is $65.27. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.91 and a current ratio of 3.70.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on FOXF shares. Truist Financial decreased their price objective on shares of Fox Factory from $90.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd. StockNews.com lowered shares of Fox Factory from a “hold” rating to a “sell” rating in a report on Monday, February 26th. Stifel Nicolaus lowered their target price on shares of Fox Factory from $69.00 to $56.00 and set a “hold” rating for the company in a research note on Friday, February 23rd. Finally, Bank of America downgraded shares of Fox Factory from a “buy” rating to a “neutral” rating and set a $55.00 price target for the company. in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $68.20.

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.