Victory Capital Management Inc. Decreases Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Victory Capital Management Inc. trimmed its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 57.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,414 shares of the company’s stock after selling 24,477 shares during the quarter. Victory Capital Management Inc.’s holdings in Fox Factory were worth $557,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. KBC Group NV increased its holdings in Fox Factory by 36.5% in the 3rd 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 lifted its position in Fox Factory by 5.9% in the third quarter. FORA Capital LLC now owns 9,117 shares of the company’s stock valued at $378,000 after acquiring an additional 507 shares during 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 valued at $207,000 after acquiring an additional 680 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Fox Factory by 7.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,972 shares of the company’s stock valued at $455,000 after acquiring an additional 785 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Fox Factory by 23.8% in the third quarter. HighTower Advisors LLC now owns 5,880 shares of the company’s stock valued at $243,000 after buying an additional 1,131 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FOXF. Jefferies Financial Group dropped their price target on shares of Fox Factory from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Stifel Nicolaus upgraded shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Wednesday, December 11th. Robert W. Baird lowered their price target 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 shares of Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Truist Financial decreased their price target on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a report 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $39.14.

Fox Factory Stock Performance

Fox Factory stock opened at $25.02 on Friday. Fox Factory Holding Corp. has a 12-month low of $23.91 and a 12-month high of $54.86. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 96.23, 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. The firm’s fifty day moving average price is $26.67 and its 200 day moving average price is $32.21.

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

Fox Factory Company 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.