Bank of America Corp DE Sells 15,501 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Bank of America Corp DE lessened its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 380,199 shares of the company’s stock after selling 15,501 shares during the quarter. Bank of America Corp DE owned about 0.91% of Fox Factory worth $11,509,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Quarry LP bought a new stake in Fox Factory during the 4th quarter valued at approximately $45,000. KBC Group NV boosted its stake in Fox Factory by 80.4% during the 4th quarter. KBC Group NV now owns 2,484 shares of the company’s stock valued at $75,000 after purchasing an additional 1,107 shares during the period. TD Waterhouse Canada Inc. bought a new stake in Fox Factory during the 4th quarter valued at approximately $143,000. Magnetar Financial LLC bought a new stake in Fox Factory during the 4th quarter valued at approximately $206,000. Finally, Aristides Capital LLC bought a new stake in Fox Factory during the 4th quarter valued at approximately $206,000.

Fox Factory Trading Up 0.5%

Fox Factory stock opened at $24.42 on Friday. Fox Factory Holding Corp. has a 12 month low of $17.95 and a 12 month 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. The business has a 50 day moving average price of $22.43 and a two-hundred day moving average price of $26.85. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 93.93, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54.

Fox Factory (NASDAQ:FOXF) last issued its earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The business had revenue of $355.03 million during the quarter, compared to analysts’ expectations of $330.71 million. During the same period in the prior year, the firm posted $0.29 EPS. Fox Factory’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Truist Financial increased their target price on Fox Factory from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, May 14th. Jefferies Financial Group decreased their target price on Fox Factory from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Robert W. Baird decreased their target price on Fox Factory from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, April 4th. Finally, Stifel Nicolaus decreased their target price on Fox Factory from $40.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.43.

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.