Prudential Financial Inc. Sells 808 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Prudential Financial Inc. lessened its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,741 shares of the company’s stock after selling 808 shares during the period. Prudential Financial Inc. owned 0.10% of Fox Factory worth $1,375,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. KBC Group NV raised its position in shares of Fox Factory by 80.4% in the 4th quarter. KBC Group NV now owns 2,484 shares of the company’s stock worth $75,000 after acquiring an additional 1,107 shares in the last quarter. Magnetar Financial LLC bought a new stake in Fox Factory in the fourth quarter worth approximately $206,000. Diversify Wealth Management LLC lifted its stake 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 buying an additional 680 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Fox Factory during the 4th quarter worth approximately $230,000. Finally, HighTower Advisors LLC grew its position in shares of Fox Factory by 23.8% during the 3rd quarter. HighTower Advisors LLC now owns 5,880 shares of the company’s stock worth $243,000 after buying an additional 1,131 shares during the period.

Fox Factory Price Performance

Shares of NASDAQ:FOXF opened at $20.95 on Friday. Fox Factory Holding Corp. has a 1-year low of $18.69 and a 1-year high of $54.86. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. The stock has a market cap of $873.87 million, a PE ratio of 80.58, a price-to-earnings-growth ratio of 1.45 and a beta of 1.65. The stock’s fifty day simple moving average is $25.79 and its two-hundred day simple moving average is $31.16.

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

Wall Street Analysts Forecast Growth

FOXF has been the topic of several research analyst reports. Jefferies Financial Group cut their target price 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. Truist Financial cut their price objective on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. 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 research report on Wednesday, December 11th. Finally, Robert W. Baird cut their price target on Fox Factory from $32.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Fox Factory currently has a consensus rating of “Hold” and a consensus price target of $38.14.

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.