Segall Bryant & Hamill LLC Reduces Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Segall Bryant & Hamill LLC decreased its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 22.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,523 shares of the company’s stock after selling 43,284 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Fox Factory were worth $4,587,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FOXF. KBC Group NV increased its position in shares of Fox Factory by 80.4% in the 4th quarter. KBC Group NV now owns 2,484 shares of the company’s stock valued at $75,000 after acquiring an additional 1,107 shares during the period. HighTower Advisors LLC increased its holdings in shares of Fox Factory by 23.8% in the third quarter. HighTower Advisors LLC now owns 5,880 shares of the company’s stock valued at $243,000 after purchasing an additional 1,131 shares during the period. Magnetar Financial LLC purchased a new position in shares of Fox Factory in the fourth quarter worth about $206,000. Diversify Wealth Management LLC lifted its holdings in shares of Fox Factory by 10.1% during the fourth quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company’s stock worth $207,000 after purchasing an additional 680 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in Fox Factory in the fourth quarter valued at approximately $230,000.

Analyst Ratings Changes

Several brokerages have commented on FOXF. Stifel Nicolaus upgraded shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Wednesday, December 11th. Truist Financial decreased their target price on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Robert W. Baird reduced their price objective on Fox Factory from $38.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, February 28th. Finally, Jefferies Financial Group lowered their target price on Fox Factory from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $39.14.

Fox Factory Price Performance

Shares of Fox Factory stock opened at $25.74 on Friday. The firm has a market cap of $1.07 billion, a PE ratio of 99.00, a P/E/G ratio of 1.45 and a beta of 1.65. The business has a 50-day moving average price of $26.50 and a 200 day moving average price of $31.82. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. Fox Factory Holding Corp. has a twelve month low of $23.91 and a twelve month high of $54.86.

Fox Factory (NASDAQ:FOXF) last announced its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The business had revenue of $352.84 million during the quarter, compared to the consensus estimate of $321.31 million. Sell-side analysts predict that Fox Factory Holding Corp. will post 1.31 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.