Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Sold by US Bancorp DE

US Bancorp DE lowered its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,423 shares of the company’s stock after selling 2,421 shares during the quarter. US Bancorp DE owned 0.10% of Fox Factory worth $1,224,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in FOXF. Assenagon Asset Management S.A. raised its stake in shares of Fox Factory by 595.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 247,435 shares of the company’s stock worth $7,490,000 after buying an additional 211,864 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Fox Factory by 271.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company’s stock worth $7,921,000 after buying an additional 139,512 shares during the last quarter. Disciplined Growth Investors Inc. MN acquired a new position in shares of Fox Factory during the 3rd quarter worth $5,743,000. ArrowMark Colorado Holdings LLC raised its stake in shares of Fox Factory by 15.9% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 927,006 shares of the company’s stock worth $38,471,000 after buying an additional 127,187 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Fox Factory by 474.7% during the 3rd quarter. Barclays PLC now owns 122,806 shares of the company’s stock worth $5,097,000 after buying an additional 101,437 shares during the last quarter.

Fox Factory Stock Down 2.3 %

FOXF opened at $26.16 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 100.62, a price-to-earnings-growth ratio of 1.45 and a beta of 1.65. The business has a 50-day moving average of $27.57 and a two-hundred day moving average of $33.21. Fox Factory Holding Corp. has a 12 month low of $25.17 and a 12 month high of $54.86.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. The company had revenue of $352.84 million during the quarter, compared to analysts’ expectations of $321.31 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. On average, research analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on FOXF. StockNews.com raised Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Stifel Nicolaus upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Wednesday, December 11th. Jefferies Financial Group dropped their price objective on Fox Factory from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Robert W. Baird dropped their price objective on Fox Factory from $38.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, February 28th. Finally, 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 report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.14.

Fox Factory 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.