First Horizon Advisors Inc. Has $57,000 Stake in Fox Factory Holding Corp. (NASDAQ:FOXF)

First Horizon Advisors Inc. lowered its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 28.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 839 shares of the company’s stock after selling 335 shares during the period. First Horizon Advisors Inc.’s holdings in Fox Factory were worth $57,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FOXF. Zions Bancorporation N.A. raised its holdings in shares of Fox Factory by 8.6% during the 3rd quarter. Zions Bancorporation N.A. now owns 12,542 shares of the company’s stock valued at $1,243,000 after purchasing an additional 991 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Fox Factory by 0.9% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,676,115 shares of the company’s stock valued at $364,229,000 after buying an additional 33,703 shares in the last quarter. CVA Family Office LLC acquired a new stake in shares of Fox Factory in the fourth quarter worth about $55,000. VELA Investment Management LLC boosted its stake in shares of Fox Factory by 56.6% during the 4th quarter. VELA Investment Management LLC now owns 18,302 shares of the company’s stock worth $1,235,000 after acquiring an additional 6,613 shares in the last quarter. Finally, Brookstone Capital Management increased its holdings in shares of Fox Factory by 29.6% during the 4th quarter. Brookstone Capital Management now owns 6,437 shares of the company’s stock valued at $434,000 after acquiring an additional 1,472 shares during the last quarter.

Fox Factory Stock Down 1.4 %

FOXF stock opened at $43.70 on Wednesday. The business’s 50-day simple moving average is $46.22 and its 200 day simple moving average is $58.70. The company has a quick ratio of 1.85, a current ratio of 3.43 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.83 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 3.66 and a beta of 1.68. Fox Factory Holding Corp. has a twelve month low of $37.98 and a twelve month high of $117.68.

Fox Factory (NASDAQ:FOXF) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. Fox Factory had a return on equity of 10.56% and a net margin of 5.41%. The business had revenue of $333.50 million for the quarter, compared to analysts’ expectations of $327.58 million. During the same period in the previous year, the business posted $1.20 earnings per share. Fox Factory’s quarterly revenue was down 16.6% on a year-over-year basis. On average, research analysts anticipate that Fox Factory Holding Corp. will post 2.42 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on FOXF. Robert W. Baird decreased their target price on Fox Factory from $55.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Truist Financial lowered their target price on shares of Fox Factory from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. StockNews.com cut shares of Fox Factory from a “hold” rating to a “sell” rating in a report on Monday, February 26th. B. Riley dropped their price objective on Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Finally, Bank of America lowered their target price on Fox Factory from $55.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $46.83.

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.