Amalgamated Bank Sells 348 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Amalgamated Bank lowered its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,405 shares of the company’s stock after selling 348 shares during the quarter. Amalgamated Bank’s holdings in Fox Factory were worth $515,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FOXF. Vanguard Group Inc. boosted its holdings in Fox Factory by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 4,470,762 shares of the company’s stock worth $232,793,000 after acquiring an additional 228,339 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Fox Factory by 25,005.1% during the second quarter. Pacer Advisors Inc. now owns 1,585,136 shares of the company’s stock valued at $76,388,000 after buying an additional 1,578,822 shares during the period. Clearbridge Investments LLC increased its position in shares of Fox Factory by 0.6% during the first quarter. Clearbridge Investments LLC now owns 1,230,987 shares of the company’s stock valued at $64,097,000 after buying an additional 7,468 shares during the period. William Blair Investment Management LLC purchased a new position in shares of Fox Factory during the second quarter worth about $53,294,000. Finally, Van Berkom & Associates Inc. boosted its stake in Fox Factory by 1.5% in the second quarter. Van Berkom & Associates Inc. now owns 913,452 shares of the company’s stock worth $44,019,000 after buying an additional 13,936 shares in the last quarter.

Fox Factory Trading Down 0.6 %

Shares of NASDAQ FOXF opened at $32.17 on Friday. Fox Factory Holding Corp. has a twelve month low of $31.19 and a twelve month high of $70.13. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. The stock has a fifty day simple moving average of $38.29 and a 200-day simple moving average of $42.82. The stock has a market capitalization of $1.34 billion, a PE ratio of 123.73, a PEG ratio of 2.75 and a beta of 1.65.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.35 earnings per share (EPS) 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 analysts’ expectations of $366.86 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm earned $1.05 earnings per share. On average, equities analysts forecast that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Truist Financial decreased 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, November 1st. Roth Mkm decreased their price objective on Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Bank of America reduced their price objective 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. B. Riley dropped their price objective on Fox Factory from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Robert W. Baird decreased their target price on Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.