Raymond James & Associates Trims Holdings in Fox Factory Holding Corp (FOXF)

Raymond James & Associates decreased its position in shares of Fox Factory Holding Corp (NASDAQ:FOXF) by 7.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 156,843 shares of the company’s stock after selling 12,460 shares during the quarter. Raymond James & Associates owned approximately 0.42% of Fox Factory worth $6,093,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Amalgamated Bank acquired a new position in Fox Factory during the 3rd quarter worth $209,000. Polen Capital Management LLC acquired a new position in Fox Factory during the 3rd quarter worth $225,000. Capital Fund Management S.A. acquired a new position in Fox Factory during the 4th quarter worth $233,000. Invictus RG lifted its holdings in Fox Factory by 2,971.7% during the 3rd quarter. Invictus RG now owns 5,744 shares of the company’s stock worth $248,000 after buying an additional 5,557 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in Fox Factory by 1,003.2% during the 3rd quarter. Sei Investments Co. now owns 6,454 shares of the company’s stock worth $278,000 after buying an additional 5,869 shares in the last quarter. 98.07% of the stock is currently owned by hedge funds and other institutional investors.

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FOXF stock opened at $34.90 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.37 and a current ratio of 2.35. The firm has a market capitalization of $1,314.20, a PE ratio of 21.95, a P/E/G ratio of 1.87 and a beta of 0.57. Fox Factory Holding Corp has a twelve month low of $26.40 and a twelve month high of $46.80.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.05. The company had revenue of $121.09 million for the quarter, compared to the consensus estimate of $118.84 million. Fox Factory had a return on equity of 27.95% and a net margin of 9.07%. analysts expect that Fox Factory Holding Corp will post 1.78 earnings per share for the current fiscal year.

Several research firms have issued reports on FOXF. Zacks Investment Research downgraded Fox Factory from a “buy” rating to a “hold” rating and set a $45.00 price objective on the stock. in a report on Thursday, January 18th. BidaskClub raised Fox Factory from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. Stifel Nicolaus reaffirmed a “hold” rating and set a $44.00 price objective on shares of Fox Factory in a report on Sunday, December 3rd. ValuEngine downgraded Fox Factory from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, DA Davidson raised Fox Factory from a “neutral” rating to a “buy” rating in a research note on Thursday, February 8th. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Fox Factory currently has a consensus rating of “Hold” and a consensus price target of $39.67.

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Fox Factory Company Profile

Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.

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

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