Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 7.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,703 shares of the company’s stock after selling 989 shares during the period. Voya Investment Management LLC’s holdings in Fox Factory were worth $385,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. RWWM Inc. lifted its stake in Fox Factory by 174.0% in the 4th quarter. RWWM Inc. now owns 1,997,531 shares of the company’s stock worth $60,465,000 after purchasing an additional 1,268,460 shares in the last quarter. William Blair Investment Management LLC lifted its position in Fox Factory by 17.1% during the fourth quarter. William Blair Investment Management LLC now owns 2,983,482 shares of the company’s stock worth $90,310,000 after buying an additional 434,998 shares in the last quarter. Capital World Investors boosted its stake in Fox Factory by 21.8% during the fourth quarter. Capital World Investors now owns 1,341,155 shares of the company’s stock worth $40,597,000 after buying an additional 240,416 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Fox Factory by 595.6% in the 4th 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 in the last quarter. Finally, JPMorgan Chase & Co. increased its stake 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 worth $7,921,000 after acquiring an additional 139,512 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FOXF shares. Stifel Nicolaus dropped their price objective on shares of Fox Factory from $40.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Robert W. Baird dropped their price target 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 decreased their price objective on Fox Factory from $40.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Jefferies Financial Group cut their target price on Fox Factory from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Fox Factory presently has a consensus rating of “Hold” and a consensus target price of $35.00.

Fox Factory Trading Up 11.2 %

Shares of NASDAQ FOXF opened at $23.74 on Friday. 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 capitalization of $990.24 million, a PE ratio of 91.31, a PEG ratio of 1.45 and a beta of 1.54. Fox Factory Holding Corp. has a twelve month low of $17.95 and a twelve month high of $54.86. The stock has a fifty day simple moving average of $22.43 and a 200-day simple moving average of $27.45.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $355.03 million for the quarter, compared to analyst estimates of $330.71 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share. On average, equities analysts forecast that Fox Factory Holding Corp. will post 1.31 earnings per share for the current 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.