Fox Factory Holding Corp. (NASDAQ:FOXF) Holdings Trimmed by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,416 shares of the company’s stock after selling 500 shares during the quarter. New York State Teachers Retirement System owned approximately 0.12% of Fox Factory worth $1,526,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FOXF. KBC Group NV boosted its position in Fox Factory by 36.5% during the third quarter. KBC Group NV now owns 1,377 shares of the company’s stock valued at $57,000 after purchasing an additional 368 shares during the last quarter. FORA Capital LLC increased its stake in shares of Fox Factory by 5.9% during the 3rd quarter. FORA Capital LLC now owns 9,117 shares of the company’s stock worth $378,000 after purchasing an additional 507 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Fox Factory by 301.1% in the 3rd quarter. Signaturefd LLC now owns 726 shares of the company’s stock valued at $30,000 after purchasing an additional 545 shares during the last quarter. Diversify Wealth Management LLC raised its holdings in Fox Factory by 10.1% during the fourth quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company’s stock valued at $207,000 after buying an additional 680 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Fox Factory by 1.8% in the 3rd quarter. Victory Capital Management Inc. now owns 42,891 shares of the company’s stock valued at $1,780,000 after acquiring an additional 772 shares in the last quarter.

Fox Factory Price Performance

Shares of FOXF stock opened at $25.95 on Friday. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. Fox Factory Holding Corp. has a 12 month low of $25.17 and a 12 month high of $65.49. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 99.81, a PEG ratio of 1.45 and a beta of 1.58. The stock has a 50-day moving average price of $28.19 and a 200 day moving average price of $34.17.

Analysts Set New Price Targets

A number of research firms recently issued reports on FOXF. Robert W. Baird lowered their target price on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Stifel Nicolaus upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Wednesday, December 11th. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Truist Financial dropped their price objective on Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Finally, Roth Mkm decreased their price objective on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Fox Factory has a consensus rating of “Hold” and an average price target of $40.33.

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.