Stifel Financial Corp Sells 29,343 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Stifel Financial Corp decreased its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 43.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,879 shares of the company’s stock after selling 29,343 shares during the period. Stifel Financial Corp owned approximately 0.09% of Fox Factory worth $1,147,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FOXF. KBC Group NV lifted its holdings 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 purchasing an additional 1,107 shares in the last quarter. TD Waterhouse Canada Inc. bought a new position in Fox Factory during the fourth quarter worth about $143,000. Aristides Capital LLC acquired a new position in shares of Fox Factory during the 4th quarter worth approximately $206,000. Magnetar Financial LLC acquired a new stake in shares of Fox Factory during the 4th quarter worth about $206,000. Finally, Diversify Wealth Management LLC boosted its holdings 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 acquiring an additional 680 shares during the period.

Fox Factory Trading Up 4.8 %

Shares of Fox Factory stock opened at $21.30 on Friday. The stock’s 50-day simple moving average is $22.48 and its 200 day simple moving average is $27.61. Fox Factory Holding Corp. has a 52-week low of $17.95 and a 52-week high of $54.86. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. The stock has a market capitalization of $888.26 million, a P/E ratio of 81.91, a P/E/G ratio of 1.45 and a beta of 1.54.

Fox Factory (NASDAQ:FOXF) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. During the same period in the prior year, the firm posted $0.29 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. As a group, research analysts anticipate that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Robert W. Baird dropped their price objective on shares of Fox Factory from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, April 4th. Truist Financial lowered their target price on Fox Factory from $40.00 to $24.00 and set a “buy” rating for the company in a report on Monday, April 14th. Jefferies Financial Group decreased their target price on shares of Fox Factory from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Finally, Stifel Nicolaus cut their price target on Fox Factory from $40.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.00.

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.