FourThought Financial Partners LLC Reduces Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

FourThought Financial Partners LLC lessened its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,571 shares of the company’s stock after selling 590 shares during the quarter. FourThought Financial Partners LLC’s holdings in Fox Factory were worth $511,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. FMR LLC grew its position in Fox Factory by 46.2% in the 3rd quarter. FMR LLC now owns 1,136,720 shares of the company’s stock worth $112,626,000 after purchasing an additional 359,168 shares during the last quarter. Bamco Inc. NY acquired a new stake in Fox Factory in the 3rd quarter valued at $27,247,000. Comerica Bank bought a new stake in Fox Factory during the third quarter worth about $10,089,000. Van Berkom & Associates Inc. boosted its position in shares of Fox Factory by 15.6% during the 3rd quarter. Van Berkom & Associates Inc. now owns 692,538 shares of the company’s stock worth $68,617,000 after acquiring an additional 93,378 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its position in Fox Factory by 38.6% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 174,174 shares of the company’s stock valued at $17,257,000 after acquiring an additional 48,495 shares during the last quarter.

Fox Factory Stock Performance

FOXF traded up $0.37 on Monday, reaching $43.89. The company had a trading volume of 69,904 shares, compared to its average volume of 614,326. The stock has a market capitalization of $1.84 billion, a PE ratio of 24.31, a P/E/G ratio of 3.66 and a beta of 1.68. Fox Factory Holding Corp. has a 1 year low of $37.98 and a 1 year high of $117.68. The stock has a 50-day moving average price of $46.45 and a 200-day moving average price of $59.31. The company has a quick ratio of 1.85, a current ratio of 3.43 and a debt-to-equity ratio of 0.63.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, topping 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 company had revenue of $333.50 million during the quarter, compared to analyst estimates of $327.58 million. During the same quarter in the previous year, the firm posted $1.20 EPS. The firm’s quarterly revenue was down 16.6% on a year-over-year basis. As a group, research analysts forecast that Fox Factory Holding Corp. will post 2.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. StockNews.com downgraded 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 for the company in a report on Friday. Roth Mkm decreased 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 report on Friday. Robert W. Baird decreased their price objective on shares of Fox Factory from $55.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Bank of America reduced their target price on shares of Fox Factory from $55.00 to $48.00 and set a “neutral” rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.83.

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.