Thrivent Financial for Lutherans Sells 30,557 Shares of Fox Factory Holding Corp. $FOXF

Thrivent Financial for Lutherans trimmed its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 35.0% in the third quarter, HoldingsChannel.com reports. The firm owned 56,808 shares of the company’s stock after selling 30,557 shares during the period. Thrivent Financial for Lutherans’ holdings in Fox Factory were worth $1,380,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. First Horizon Corp acquired a new position in shares of Fox Factory in the 3rd quarter valued at $25,000. Federated Hermes Inc. bought a new stake in Fox Factory in the third quarter valued at about $25,000. CWM LLC raised its position in Fox Factory by 91.3% in the second quarter. CWM LLC now owns 2,565 shares of the company’s stock worth $67,000 after purchasing an additional 1,224 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Fox Factory by 115.2% in the second quarter. Nisa Investment Advisors LLC now owns 4,288 shares of the company’s stock worth $111,000 after purchasing an additional 2,295 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. lifted its stake in Fox Factory by 21.0% during the second quarter. Resona Asset Management Co. Ltd. now owns 7,503 shares of the company’s stock worth $194,000 after purchasing an additional 1,300 shares during the period.

Analysts Set New Price Targets

Several research firms have recently weighed in on FOXF. CJS Securities upgraded Fox Factory to a “strong-buy” rating in a research note on Thursday, December 11th. Roth Mkm lowered their price target on Fox Factory from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 6th. Zacks Research cut Fox Factory from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Fox Factory in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Fox Factory currently has an average rating of “Hold” and an average price target of $30.17.

Fox Factory Price Performance

Shares of FOXF stock opened at $19.31 on Friday. Fox Factory Holding Corp. has a 52 week low of $13.08 and a 52 week high of $31.18. The stock has a market capitalization of $807.18 million, a PE ratio of -3.12 and a beta of 1.50. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.36 and a current ratio of 2.98. The stock’s fifty day moving average is $18.25 and its 200-day moving average is $21.90.

Fox Factory Company Profile

Fox Factory Holding Corp., headquartered in Duluth, Minnesota, designs, engineers and manufactures high-performance suspension systems, shock absorbers and related components for powersports, light-vehicle and mountain-bike applications. The company’s FOX brand offers a comprehensive portfolio of forks, shocks, coilovers and internal bypass dampers aimed at OEM and aftermarket customers seeking enhanced ride quality, control and durability across off-road vehicles, motorcycles and bicycles.

Founded in 1974 by Bob Fox in California, Fox Factory has expanded its technology base and market reach through strategic acquisitions such as Marzocchi Suspension, DVO Suspension and Walker Evans Racing.