Segall Bryant & Hamill LLC Boosts Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Segall Bryant & Hamill LLC lifted its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 2.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 194,807 shares of the company’s stock after purchasing an additional 3,766 shares during the period. Segall Bryant & Hamill LLC owned about 0.47% of Fox Factory worth $8,084,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wesbanco Bank Inc. bought a new stake in Fox Factory during the 2nd quarter valued at $626,000. Russell Investments Group Ltd. grew its stake in Fox Factory by 67.6% in the first quarter. Russell Investments Group Ltd. now owns 59,981 shares of the company’s stock valued at $3,123,000 after purchasing an additional 24,199 shares during the last quarter. Jane Street Group LLC raised its holdings in Fox Factory by 173.7% in the first quarter. Jane Street Group LLC now owns 181,873 shares of the company’s stock worth $9,470,000 after purchasing an additional 115,432 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in Fox Factory by 25.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company’s stock worth $32,483,000 after purchasing an additional 135,542 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Fox Factory by 223.3% during the second quarter. Victory Capital Management Inc. now owns 42,119 shares of the company’s stock valued at $2,030,000 after buying an additional 29,092 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Fox Factory Stock Performance

Shares of FOXF opened at $32.22 on Friday. Fox Factory Holding Corp. has a one year low of $30.92 and a one year high of $70.13. The stock has a 50-day moving average of $38.03 and a two-hundred day moving average of $42.64. 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 stock has a market cap of $1.34 billion, a P/E ratio of 123.93, a P/E/G ratio of 2.60 and a beta of 1.65.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.07). Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The business had revenue of $359.10 million during the quarter, compared to analysts’ expectations of $366.86 million. During the same period in the previous year, the company posted $1.05 earnings per share. Fox Factory’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, research analysts predict 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.