Orion Portfolio Solutions LLC Reduces Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Orion Portfolio Solutions LLC trimmed its holdings in Fox Factory Holding Corp. (NASDAQ:FOXFFree Report) by 61.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,540 shares of the company’s stock after selling 12,047 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Fox Factory were worth $510,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Operose Advisors LLC purchased a new stake in shares of Fox Factory in the third quarter valued at about $37,000. Quest Partners LLC acquired a new stake in shares of Fox Factory during the 4th quarter worth approximately $31,000. GAMMA Investing LLC purchased a new stake in shares of Fox Factory during the 4th quarter valued at approximately $29,000. CWM LLC lifted its holdings in Fox Factory by 54.1% in the fourth quarter. CWM LLC now owns 624 shares of the company’s stock valued at $42,000 after acquiring an additional 219 shares during the last quarter. Finally, CVA Family Office LLC purchased a new position in Fox Factory in the fourth quarter worth approximately $55,000.

Fox Factory Price Performance

Fox Factory stock opened at $45.53 on Friday. The company’s 50 day moving average is $44.71 and its two-hundred day moving average is $55.30. The firm has a market cap of $1.89 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 1.94 and a beta of 1.71. The company has a quick ratio of 1.85, a current ratio of 3.43 and a debt-to-equity ratio of 0.63. Fox Factory Holding Corp. has a 52-week low of $37.98 and a 52-week high of $117.68.

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

Analyst Ratings Changes

FOXF has been the topic of several recent analyst reports. Robert W. Baird decreased their price target on Fox Factory from $55.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Roth Mkm dropped their price target on shares of Fox Factory from $55.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Stifel Nicolaus decreased their price objective on shares of Fox Factory from $56.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, April 24th. StockNews.com downgraded shares of Fox Factory from a “hold” rating to a “sell” rating in a report on Monday, February 26th. Finally, Bank of America decreased their price target on Fox Factory from $55.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, May 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Fox Factory currently has an average rating of “Hold” and an average price target of $46.83.

View Our Latest Stock Analysis on Fox Factory

Fox Factory Company 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.

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

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