US Bancorp DE Reduces Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

US Bancorp DE cut its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXFFree Report) by 13.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,181 shares of the company’s stock after selling 7,361 shares during the quarter. US Bancorp DE owned 0.11% of Fox Factory worth $3,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Operose Advisors LLC purchased a new stake in Fox Factory during the 3rd quarter valued at about $37,000. Quest Partners LLC purchased a new stake in Fox Factory during the 4th quarter valued at about $31,000. GAMMA Investing LLC purchased a new stake in Fox Factory during the 4th quarter valued at about $29,000. CWM LLC boosted its holdings in Fox Factory by 54.1% during the 4th quarter. CWM LLC now owns 624 shares of the company’s stock valued at $42,000 after acquiring an additional 219 shares during the period. Finally, CVA Family Office LLC bought a new position in Fox Factory during the 4th quarter valued at approximately $55,000.

Analyst Ratings Changes

A number of research firms have commented on FOXF. StockNews.com lowered Fox Factory from a “hold” rating to a “sell” rating in a research report on Monday, February 26th. Truist Financial lowered their price target on Fox Factory from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Stifel Nicolaus lowered their price target on Fox Factory from $56.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, April 24th. Robert W. Baird lowered their price target on Fox Factory from $55.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Finally, Roth Mkm decreased their target price on Fox Factory from $55.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $46.83.

Get Our Latest Report on Fox Factory

Fox Factory Stock Down 0.8 %

FOXF stock opened at $44.33 on Thursday. Fox Factory Holding Corp. has a twelve month low of $37.98 and a twelve month high of $117.68. The company has a quick ratio of 1.85, a current ratio of 3.43 and a debt-to-equity ratio of 0.63. The firm has a market cap of $1.85 billion, a PE ratio of 24.77, a price-to-earnings-growth ratio of 1.90 and a beta of 1.68. The business has a 50 day moving average of $45.01 and a 200 day moving average of $55.80.

Fox Factory (NASDAQ:FOXFGet Free Report) last issued its earnings results on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.19 by $0.10. Fox Factory had a return on equity of 10.56% and a net margin of 5.41%. The business had revenue of $333.50 million for the quarter, compared to the consensus estimate of $327.58 million. During the same period last year, the business posted $1.20 EPS. The company’s revenue was down 16.6% compared to the same quarter last year. On average, research analysts forecast that Fox Factory Holding Corp. will post 2.4 EPS for the current fiscal year.

Fox Factory Profile

(Free Report)

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.

See Also

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

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