Atria Investments Inc Has $232,000 Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Atria Investments Inc lessened its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 31.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,652 shares of the company’s stock after selling 3,525 shares during the period. Atria Investments Inc’s holdings in Fox Factory were worth $232,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. KBC Group NV grew its holdings in shares of Fox Factory by 36.5% during the 3rd quarter. KBC Group NV now owns 1,377 shares of the company’s stock worth $57,000 after purchasing an additional 368 shares in the last quarter. Diversify Wealth Management LLC lifted its position in Fox Factory by 10.1% in the fourth quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company’s stock worth $207,000 after purchasing an additional 680 shares during the period. HighTower Advisors LLC boosted its stake in Fox Factory by 23.8% during the third quarter. HighTower Advisors LLC now owns 5,880 shares of the company’s stock worth $243,000 after buying an additional 1,131 shares in the last quarter. D.B. Root & Company LLC increased its holdings in Fox Factory by 45.2% in the 4th quarter. D.B. Root & Company LLC now owns 8,801 shares of the company’s stock valued at $266,000 after buying an additional 2,741 shares during the period. Finally, FMR LLC raised its stake in shares of Fox Factory by 65.8% in the 3rd quarter. FMR LLC now owns 7,674 shares of the company’s stock valued at $318,000 after buying an additional 3,045 shares in the last quarter.

Fox Factory Stock Up 1.1 %

NASDAQ FOXF opened at $24.98 on Wednesday. The stock’s 50 day simple moving average is $26.88 and its 200 day simple moving average is $32.41. Fox Factory Holding Corp. has a one year low of $23.91 and a one year high of $54.86. The firm has a market cap of $1.04 billion, a PE ratio of 96.08, a price-to-earnings-growth ratio of 1.45 and a beta of 1.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62.

Fox Factory (NASDAQ:FOXF) last announced its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The company had revenue of $352.84 million for the quarter, compared to analysts’ expectations of $321.31 million. As a group, sell-side analysts forecast that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.