Sei Investments Co. Has $2.75 Million Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Sei Investments Co. reduced its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 34.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 90,845 shares of the company’s stock after selling 48,312 shares during the quarter. Sei Investments Co. owned about 0.22% of Fox Factory worth $2,749,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FOXF. Diversify Wealth Management LLC raised its position in shares of Fox Factory by 10.1% during 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. Swiss National Bank increased its stake in Fox Factory by 0.9% during the 4th quarter. Swiss National Bank now owns 82,000 shares of the company’s stock valued at $2,482,000 after purchasing an additional 700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Fox Factory by 7.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,972 shares of the company’s stock worth $455,000 after buying an additional 785 shares during the last quarter. KBC Group NV lifted its stake in shares of Fox Factory by 80.4% in the fourth quarter. KBC Group NV now owns 2,484 shares of the company’s stock valued at $75,000 after buying an additional 1,107 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of Fox Factory by 23.8% during 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.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Robert W. Baird dropped their price target on shares of Fox Factory from $32.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday. Truist Financial lowered 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. Stifel Nicolaus raised Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group lowered their price target 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. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $38.14.

Fox Factory Price Performance

NASDAQ FOXF opened at $20.95 on Friday. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. Fox Factory Holding Corp. has a 12 month low of $18.69 and a 12 month high of $54.86. The stock has a market cap of $873.87 million, a price-to-earnings ratio of 80.58, a PEG ratio of 1.45 and a beta of 1.65. The company’s 50 day moving average is $25.79 and its two-hundred day moving average is $31.22.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $321.31 million. As a group, research analysts anticipate that Fox Factory Holding Corp. will post 1.31 earnings per share for the current 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.