Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Sold by LPL Financial LLC

LPL Financial LLC cut its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 40.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,873 shares of the company’s stock after selling 14,177 shares during the period. LPL Financial LLC owned about 0.05% of Fox Factory worth $632,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. William Blair Investment Management LLC grew its position in shares of Fox Factory by 17.1% during the fourth quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company’s stock worth $90,310,000 after acquiring an additional 434,998 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Fox Factory by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,002,109 shares of the company’s stock valued at $41,595,000 after purchasing an additional 8,474 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Fox Factory by 13.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 622,745 shares of the company’s stock valued at $18,850,000 after buying an additional 73,110 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Fox Factory by 595.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 247,435 shares of the company’s stock worth $7,490,000 after buying an additional 211,864 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Fox Factory by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 225,167 shares of the company’s stock worth $6,816,000 after buying an additional 8,162 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FOXF shares. Jefferies Financial Group cut their target price on Fox Factory from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Stifel Nicolaus cut their price objective on shares of Fox Factory from $40.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Robert W. Baird decreased their target price on shares of Fox Factory from $32.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, April 4th. Finally, Truist Financial dropped their price target on shares of Fox Factory from $40.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $35.00.

Fox Factory Trading Up 0.1 %

Shares of FOXF stock opened at $20.35 on Thursday. The stock has a 50-day simple moving average of $23.72 and a 200 day simple moving average of $29.06. The stock has a market capitalization of $848.84 million, a P/E ratio of 78.27, a P/E/G ratio of 1.45 and a beta of 1.56. Fox Factory Holding Corp. has a fifty-two week low of $17.95 and a fifty-two week high of $54.86. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The company had revenue of $352.84 million during the quarter, compared to analyst estimates of $321.31 million. On average, sell-side analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Fox Factory Profile

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.