Hsbc Holdings PLC Acquires Shares of 21,015 Fox Factory Holding Corp. (NASDAQ:FOXF)

Hsbc Holdings PLC acquired a new stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXFFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,015 shares of the company’s stock, valued at approximately $1,423,000.

A number of other hedge funds also recently bought and sold shares of the company. Mariner LLC boosted its stake in Fox Factory by 5.1% during the third quarter. Mariner LLC now owns 4,491 shares of the company’s stock valued at $445,000 after buying an additional 216 shares during the last quarter. CWM LLC boosted its position 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 in the last quarter. Motley Fool Asset Management LLC boosted its position in Fox Factory by 2.0% during the 3rd quarter. Motley Fool Asset Management LLC now owns 14,064 shares of the company’s stock valued at $1,393,000 after acquiring an additional 272 shares in the last quarter. Benjamin Edwards Inc. boosted its position in shares of Fox Factory by 15.7% in the 4th quarter. Benjamin Edwards Inc. now owns 2,074 shares of the company’s stock worth $140,000 after purchasing an additional 282 shares in the last quarter. Finally, Portside Wealth Group LLC boosted its position in shares of Fox Factory by 2.5% in the 4th quarter. Portside Wealth Group LLC now owns 13,167 shares of the company’s stock worth $889,000 after purchasing an additional 318 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FOXF shares. Bank of America reduced their target price on Fox Factory from $55.00 to $48.00 and set a “neutral” rating for the company in a research note on Monday, May 6th. Truist Financial lowered their price objective on Fox Factory from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Stifel Nicolaus reduced their price target on shares of Fox Factory from $56.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, April 24th. Robert W. Baird cut their target price on Fox Factory from $55.00 to $48.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Finally, StockNews.com downgraded shares of Fox Factory from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Fox Factory has an average rating of “Hold” and an average target price of $46.83.

Check Out Our Latest Analysis on Fox Factory

Fox Factory Stock Performance

NASDAQ FOXF opened at $44.59 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.43 and a quick ratio of 1.85. Fox Factory Holding Corp. has a 1 year low of $37.98 and a 1 year high of $117.68. The company has a market capitalization of $1.86 billion, a PE ratio of 24.91, a P/E/G ratio of 1.93 and a beta of 1.71. The company has a fifty day moving average of $44.43 and a two-hundred day moving average of $55.12.

Fox Factory (NASDAQ:FOXFGet Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.10. Fox Factory had a net margin of 5.41% and a return on equity of 10.56%. The business had revenue of $333.50 million during the quarter, compared to the consensus estimate of $327.58 million. During the same quarter in the prior year, the firm earned $1.20 earnings per share. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. As a group, analysts expect that Fox Factory Holding Corp. will post 2.4 earnings per share for the current year.

About Fox Factory

(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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