NBW Capital LLC Sells 3,802 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

NBW Capital LLC cut its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 6.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 52,546 shares of the company’s stock after selling 3,802 shares during the quarter. NBW Capital LLC’s holdings in Fox Factory were worth $3,546,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FOXF. Bank of America cut Fox Factory from a “buy” rating to a “neutral” rating and set a $55.00 price target for the company. in a report on Friday, February 23rd. StockNews.com cut Fox Factory from a “hold” rating to a “sell” rating in a report on Monday, February 26th. Truist Financial lowered their price target on Fox Factory from $90.00 to $60.00 and set a “buy” rating for the company in a report on Friday, February 23rd. Finally, Stifel Nicolaus reduced their price objective on Fox Factory from $69.00 to $56.00 and set a “hold” rating on the stock in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $68.20.

Fox Factory Trading Up 0.1 %

Shares of NASDAQ FOXF traded up $0.06 during trading on Thursday, reaching $41.25. The company had a trading volume of 220,858 shares, compared to its average volume of 602,897. The company’s fifty day moving average price is $52.30 and its 200-day moving average price is $64.09. Fox Factory Holding Corp. has a 12 month low of $41.02 and a 12 month high of $117.68. The stock has a market cap of $1.73 billion, a P/E ratio of 14.45, a PEG ratio of 3.52 and a beta of 1.64. The company has a quick ratio of 1.91, a current ratio of 3.70 and a debt-to-equity ratio of 0.61.

Fox Factory (NASDAQ:FOXF) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.34). Fox Factory had a net margin of 8.25% and a return on equity of 13.86%. The company had revenue of $332.50 million during the quarter, compared to the consensus estimate of $327.07 million. During the same quarter last year, the firm posted $1.43 EPS. The company’s quarterly revenue was down 18.6% on a year-over-year basis. As a group, research analysts expect that Fox Factory Holding Corp. will post 2.42 earnings per share for the current year.

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.