Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 12.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,638 shares of the company’s stock after selling 9,356 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.16% of Fox Factory worth $2,848,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Pacer Advisors Inc. raised its position in shares of Fox Factory by 25,005.1% in the second quarter. Pacer Advisors Inc. now owns 1,585,136 shares of the company’s stock worth $76,388,000 after acquiring an additional 1,578,822 shares during the period. William Blair Investment Management LLC purchased a new position in shares of Fox Factory in the 2nd quarter valued at about $53,294,000. D. E. Shaw & Co. Inc. raised its holdings in Fox Factory by 25.2% in the 2nd 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 during the period. Public Sector Pension Investment Board acquired a new position in Fox Factory in the 2nd quarter worth about $4,414,000. Finally, Envestnet Asset Management Inc. boosted its position in Fox Factory by 25.6% during the second quarter. Envestnet Asset Management Inc. now owns 240,795 shares of the company’s stock worth $11,604,000 after purchasing an additional 49,062 shares in the last quarter.

Analyst Ratings Changes

FOXF has been the subject of several research analyst reports. StockNews.com upgraded shares of Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Bank of America reduced their target price on Fox Factory from $53.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Truist Financial lowered their price target on Fox Factory from $54.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Stifel Nicolaus raised 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. Finally, Robert W. Baird lowered their target price on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.67.

Fox Factory Stock Performance

Fox Factory stock opened at $31.30 on Friday. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 120.39, a price-to-earnings-growth ratio of 2.67 and a beta of 1.60. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The firm has a 50 day simple moving average of $34.99 and a 200-day simple moving average of $41.00. Fox Factory Holding Corp. has a 1-year low of $30.13 and a 1-year high of $70.13.

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