Fox Factory Holding Corp. (NASDAQ:FOXF) Stock Holdings Trimmed by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 2.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,549,692 shares of the company’s stock after selling 35,444 shares during the quarter. Pacer Advisors Inc.’s holdings in Fox Factory were worth $64,312,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Fox Factory by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 4,470,762 shares of the company’s stock valued at $232,793,000 after buying an additional 228,339 shares during the period. William Blair Investment Management LLC bought a new stake in Fox Factory during the second quarter worth approximately $53,294,000. Van Berkom & Associates Inc. lifted its position in Fox Factory by 1.5% in the second quarter. Van Berkom & Associates Inc. now owns 913,452 shares of the company’s stock worth $44,019,000 after purchasing an additional 13,936 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in Fox Factory by 25.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company’s stock valued at $32,483,000 after purchasing an additional 135,542 shares in the last quarter. Finally, Royce & Associates LP increased its position in shares of Fox Factory by 5.7% during the 3rd quarter. Royce & Associates LP now owns 302,349 shares of the company’s stock valued at $12,547,000 after purchasing an additional 16,410 shares during the period.

Analysts Set New Price Targets

Several research analysts recently weighed in on FOXF shares. Roth Mkm decreased their target price on Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Bank of America lowered their price objective on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. B. Riley cut their target price on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Robert W. Baird decreased their price target on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Truist Financial cut their price objective on Fox Factory from $54.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, November 1st. One equities research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $41.50.

Fox Factory Trading Up 1.2 %

Fox Factory stock opened at $32.22 on Friday. Fox Factory Holding Corp. has a 52 week low of $30.92 and a 52 week high of $70.13. 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 firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 123.93, a P/E/G ratio of 2.60 and a beta of 1.65. The company has a 50 day moving average price of $38.03 and a 200 day moving average price of $42.64.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The business had revenue of $359.10 million for the quarter, compared to analyst estimates of $366.86 million. During the same quarter in the previous year, the business posted $1.05 earnings per share. The company’s revenue was up 8.4% compared to the same quarter last year. Research analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS 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.