Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXFGet Rating) by 9.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 25,966 shares of the company’s stock after selling 2,804 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Fox Factory were worth $2,053,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. LPL Financial LLC raised its stake in Fox Factory by 1.1% during the second quarter. LPL Financial LLC now owns 9,617 shares of the company’s stock worth $806,000 after acquiring an additional 105 shares during the period. Securian Asset Management Inc. raised its stake in Fox Factory by 3.2% during the second quarter. Securian Asset Management Inc. now owns 3,842 shares of the company’s stock worth $309,000 after acquiring an additional 118 shares during the period. National Bank of Canada FI raised its stake in Fox Factory by 63.4% during the third quarter. National Bank of Canada FI now owns 335 shares of the company’s stock worth $26,000 after acquiring an additional 130 shares during the period. Covestor Ltd raised its stake in Fox Factory by 58.4% during the first quarter. Covestor Ltd now owns 358 shares of the company’s stock worth $35,000 after acquiring an additional 132 shares during the period. Finally, YorkBridge Wealth Partners LLC raised its stake in Fox Factory by 3.3% during the second quarter. YorkBridge Wealth Partners LLC now owns 4,260 shares of the company’s stock worth $343,000 after acquiring an additional 137 shares during the period. Institutional investors and hedge funds own 98.71% of the company’s stock.

Fox Factory Price Performance

NASDAQ FOXF opened at $103.63 on Friday. The company has a 50-day moving average price of $101.02 and a two-hundred day moving average price of $93.71. The company has a current ratio of 3.31, a quick ratio of 1.97 and a debt-to-equity ratio of 0.31. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 1.37 and a beta of 1.76. Fox Factory Holding Corp. has a 52 week low of $69.28 and a 52 week high of $143.92.

Fox Factory (NASDAQ:FOXFGet Rating) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.07. The business had revenue of $409.17 million during the quarter, compared to analysts’ expectations of $393.13 million. Fox Factory had a net margin of 12.37% and a return on equity of 22.22%. Analysts forecast that Fox Factory Holding Corp. will post 5.27 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FOXF. StockNews.com began coverage on shares of Fox Factory in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Truist Financial upped their target price on shares of Fox Factory from $108.00 to $115.00 in a research report on Friday, January 6th. Jefferies Financial Group upped their target price on shares of Fox Factory from $120.00 to $135.00 in a research report on Monday, December 5th. Finally, Stifel Nicolaus upped their target price on shares of Fox Factory from $115.00 to $133.00 in a research report on Monday, December 5th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.67.

Fox Factory Company Profile

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Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers mid-end and high-end front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and 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.

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

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