Louisiana State Employees Retirement System Sells 700 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Louisiana State Employees Retirement System cut its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 3.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,200 shares of the company’s stock after selling 700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Fox Factory were worth $838,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. lifted its stake in Fox Factory by 25,005.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,585,136 shares of the company’s stock valued at $76,388,000 after acquiring an additional 1,578,822 shares during the period. William Blair Investment Management LLC purchased a new stake in Fox Factory during the 2nd quarter valued at approximately $53,294,000. Vanguard Group Inc. grew its holdings in shares of Fox Factory by 5.4% in the first quarter. Vanguard Group Inc. now owns 4,470,762 shares of the company’s stock valued at $232,793,000 after purchasing an additional 228,339 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of Fox Factory by 25.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company’s stock valued at $32,483,000 after purchasing an additional 135,542 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in Fox Factory by 173.7% during the first quarter. Jane Street Group LLC now owns 181,873 shares of the company’s stock worth $9,470,000 after buying an additional 115,432 shares during the period.

Fox Factory Trading Down 1.3 %

FOXF opened at $33.58 on Tuesday. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 129.15, a price-to-earnings-growth ratio of 2.45 and a beta of 1.65. The company has a quick ratio of 1.63, a current ratio of 3.13 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $39.47 and its two-hundred day moving average is $43.27. Fox Factory Holding Corp. has a 52 week low of $31.19 and a 52 week high of $70.13.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). The business had revenue of $359.10 million for the quarter, compared to analyst estimates of $366.86 million. Fox Factory had a return on equity of 5.22% and a net margin of 0.78%. The company’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.05 EPS. On average, research analysts predict that Fox Factory Holding Corp. will post 1.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FOXF. Robert W. Baird decreased their price objective on Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Friday. B. Riley decreased their price target on Fox Factory from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Roth Mkm reduced their target price on Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday. Truist Financial dropped their target price on Fox Factory from $54.00 to $42.00 and set a “buy” rating for the company in a report on Friday. Finally, Bank of America decreased their target price on Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. One 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. According to data from MarketBeat, Fox Factory currently has an average rating of “Hold” and an average target price of $41.50.

About Fox Factory

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.