New York State Teachers Retirement System Sells 796 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

New York State Teachers Retirement System cut its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 1.6% in the 4th quarter, Holdings Channel reports. The firm owned 47,555 shares of the company’s stock after selling 796 shares during the period. New York State Teachers Retirement System’s holdings in Fox Factory were worth $3,209,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co NY lifted its stake in Fox Factory by 4.2% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 2,610 shares of the company’s stock worth $238,000 after purchasing an additional 104 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Fox Factory by 1.1% in the 2nd quarter. LPL Financial LLC now owns 9,617 shares of the company’s stock valued at $806,000 after acquiring an additional 105 shares during the last quarter. Covestor Ltd lifted its stake in shares of 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. FirstPurpose Wealth LLC raised its position in Fox Factory by 6.7% during the 3rd quarter. FirstPurpose Wealth LLC now owns 2,907 shares of the company’s stock worth $288,000 after purchasing an additional 183 shares during the last quarter. Finally, State of Wyoming raised its position in Fox Factory by 11.7% during the 4th quarter. State of Wyoming now owns 1,827 shares of the company’s stock worth $167,000 after purchasing an additional 192 shares during the last quarter.

Fox Factory Price Performance

Shares of NASDAQ FOXF opened at $42.18 on Tuesday. Fox Factory Holding Corp. has a fifty-two week low of $41.14 and a fifty-two week high of $117.68. The firm’s 50-day simple moving average is $53.18 and its 200 day simple moving average is $64.66. 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 $1.77 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 3.56 and a beta of 1.64.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FOXF. Truist Financial lowered their target price on Fox Factory from $90.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Stifel Nicolaus reduced their target price on Fox Factory from $69.00 to $56.00 and set a “hold” rating for the company in a research note on Friday, February 23rd. StockNews.com downgraded Fox Factory from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. Finally, Bank of America downgraded Fox Factory from a “buy” rating to a “neutral” rating and set a $55.00 target price 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fox Factory presently has a consensus rating of “Hold” and a consensus price target 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.