Mutual of America Capital Management LLC Sells 571 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Mutual of America Capital Management LLC lowered its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 8.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,270 shares of the company’s stock after selling 571 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Fox Factory were worth $260,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings in shares of Fox Factory by 25,005.1% in the 2nd quarter. Pacer Advisors Inc. now owns 1,585,136 shares of the company’s stock worth $76,388,000 after purchasing an additional 1,578,822 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in Fox Factory in the second quarter worth $53,294,000. D. E. Shaw & Co. Inc. raised its position in shares of Fox Factory by 25.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company’s stock valued at $32,483,000 after purchasing an additional 135,542 shares during the period. Jane Street Group LLC grew its position in shares of Fox Factory by 173.7% in the first quarter. Jane Street Group LLC now owns 181,873 shares of the company’s stock valued at $9,470,000 after purchasing an additional 115,432 shares in the last quarter. Finally, Public Sector Pension Investment Board bought a new stake in shares of Fox Factory during the second quarter valued at about $4,414,000.

Fox Factory Stock Performance

FOXF opened at $32.30 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 company has a 50 day simple moving average of $37.35 and a two-hundred day simple moving average of $42.17. The firm has a market cap of $1.35 billion, a P/E ratio of 124.24, a PEG ratio of 2.72 and a beta of 1.65. Fox Factory Holding Corp. has a 1-year low of $30.92 and a 1-year high of $70.13.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The company had revenue of $359.10 million during the quarter, compared to the consensus estimate of $366.86 million. During the same quarter in the prior year, the firm posted $1.05 earnings per share. The business’s revenue was up 8.4% on a year-over-year basis. Equities analysts forecast that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FOXF has been the topic of a number of research analyst reports. Roth Mkm decreased their target price on Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Robert W. Baird reduced their price target on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Bank of America reduced their price objective on Fox Factory from $53.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. B. Riley dropped their target price on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, StockNews.com upgraded shares of Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Fox Factory presently has a consensus rating of “Hold” and a consensus target price of $41.50.

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.