First Horizon Advisors Inc. Decreases Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

First Horizon Advisors Inc. lowered its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 28.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 839 shares of the company’s stock after selling 335 shares during the period. First Horizon Advisors Inc.’s holdings in Fox Factory were worth $57,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Fox Factory by 0.9% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,676,115 shares of the company’s stock valued at $364,229,000 after buying an additional 33,703 shares in the last quarter. FMR LLC increased its holdings in Fox Factory by 46.2% during the 3rd quarter. FMR LLC now owns 1,136,720 shares of the company’s stock valued at $112,626,000 after acquiring an additional 359,168 shares in the last quarter. Conestoga Capital Advisors LLC raised its position in Fox Factory by 0.3% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,134,439 shares of the company’s stock worth $76,552,000 after acquiring an additional 3,935 shares during the last quarter. Van Berkom & Associates Inc. lifted its holdings in shares of Fox Factory by 15.6% in the third quarter. Van Berkom & Associates Inc. now owns 692,538 shares of the company’s stock valued at $68,617,000 after purchasing an additional 93,378 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Fox Factory by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 440,251 shares of the company’s stock valued at $43,620,000 after purchasing an additional 4,607 shares during the last quarter.

Fox Factory Trading Down 1.4 %

Shares of FOXF stock opened at $43.70 on Wednesday. Fox Factory Holding Corp. has a 1-year low of $37.98 and a 1-year high of $117.68. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.43 and a quick ratio of 1.85. The firm’s 50-day simple moving average is $46.22 and its 200-day simple moving average is $58.70. The firm has a market cap of $1.83 billion, a P/E ratio of 24.41, a PEG ratio of 3.66 and a beta of 1.68.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating 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 company had revenue of $333.50 million during the quarter, compared to analysts’ expectations of $327.58 million. During the same period in the previous year, the company earned $1.20 EPS. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. As a group, equities analysts forecast that Fox Factory Holding Corp. will post 2.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Robert W. Baird cut their price objective on Fox Factory from $55.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Bank of America reduced their price objective on Fox Factory from $55.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday. Truist Financial dropped their price objective on Fox Factory from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Roth Mkm reduced their target price on shares of Fox Factory from $55.00 to $45.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Finally, B. Riley cut their price objective on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $46.83.

Fox Factory Company 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.