Royce & Associates LP Sells 94,539 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Royce & Associates LP reduced its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 31.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 207,810 shares of the company’s stock after selling 94,539 shares during the period. Royce & Associates LP’s holdings in Fox Factory were worth $6,290,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Assenagon Asset Management S.A. lifted its stake in Fox Factory by 595.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 247,435 shares of the company’s stock valued at $7,490,000 after buying an additional 211,864 shares during the period. JPMorgan Chase & Co. raised its position in shares of Fox Factory by 271.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company’s stock valued at $7,921,000 after acquiring an additional 139,512 shares during the period. Disciplined Growth Investors Inc. MN bought a new position in Fox Factory during the 3rd quarter worth approximately $5,743,000. ArrowMark Colorado Holdings LLC grew its holdings in Fox Factory by 15.9% during the third quarter. ArrowMark Colorado Holdings LLC now owns 927,006 shares of the company’s stock valued at $38,471,000 after purchasing an additional 127,187 shares during the period. Finally, Barclays PLC increased its stake in Fox Factory by 474.7% in the third quarter. Barclays PLC now owns 122,806 shares of the company’s stock valued at $5,097,000 after purchasing an additional 101,437 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Truist Financial reduced their price target 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. StockNews.com raised Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Jefferies Financial Group dropped their price target on Fox Factory from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Robert W. Baird decreased their price objective on Fox Factory from $38.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, February 28th. Finally, 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 note on Wednesday, December 11th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.14.

Fox Factory Trading Up 1.1 %

NASDAQ FOXF opened at $24.98 on Wednesday. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 96.08, a PEG ratio of 1.45 and a beta of 1.65. Fox Factory Holding Corp. has a 52 week low of $23.91 and a 52 week high of $54.86. The stock’s 50 day moving average price is $26.88 and its two-hundred day moving average price is $32.41. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21.

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. The business had revenue of $352.84 million during the quarter, compared to analysts’ expectations of $321.31 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. As a group, analysts anticipate that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

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.