GW&K Investment Management LLC Sells 43,697 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

GW&K Investment Management LLC cut its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 10.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 371,461 shares of the company’s stock after selling 43,697 shares during the period. GW&K Investment Management LLC’s holdings in Fox Factory were worth $25,067,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in shares of Fox Factory in the 4th quarter worth approximately $29,000. Quest Partners LLC bought a new position in Fox Factory in the 4th quarter valued at $31,000. Operose Advisors LLC acquired a new position in Fox Factory in the third quarter worth $37,000. CWM LLC increased its stake in shares of Fox Factory by 54.1% in the fourth quarter. CWM LLC now owns 624 shares of the company’s stock valued at $42,000 after buying an additional 219 shares in the last quarter. Finally, CVA Family Office LLC bought a new stake in Fox Factory during the 4th quarter worth about $55,000.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FOXF shares. Roth Mkm dropped their target price on shares of Fox Factory from $55.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Stifel Nicolaus lowered their price objective on Fox Factory from $56.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, April 24th. Truist Financial cut 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 report on Friday, May 3rd. Robert W. Baird dropped their price target on shares of Fox Factory from $55.00 to $48.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Finally, StockNews.com cut shares of Fox Factory from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fox Factory currently has an average rating of “Hold” and an average price target of $46.83.

Fox Factory Trading Down 0.2 %

FOXF stock traded down $0.07 during midday trading on Wednesday, hitting $46.18. 25,126 shares of the company’s stock were exchanged, compared to its average volume of 611,819. Fox Factory Holding Corp. has a one year low of $37.98 and a one year high of $117.68. The stock’s fifty day moving average price is $45.41 and its 200-day moving average price is $56.33. The company has a market cap of $1.92 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 1.96 and a beta of 1.68. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.85 and a current ratio of 3.43.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $327.58 million. During the same period in the previous year, the firm earned $1.20 EPS. Fox Factory’s quarterly revenue was down 16.6% compared to the same quarter last year. Research analysts predict that Fox Factory Holding Corp. will post 2.4 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.