BNP Paribas Financial Markets Decreases Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

BNP Paribas Financial Markets reduced its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 21.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 12,023 shares of the company’s stock after selling 3,226 shares during the period. BNP Paribas Financial Markets’ holdings in Fox Factory were worth $499,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Fifth Third Bancorp grew its stake in Fox Factory by 26.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,245 shares of the company’s stock worth $60,000 after buying an additional 261 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Fox Factory by 86.0% in the third quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock worth $25,000 after acquiring an additional 277 shares in the last quarter. KBC Group NV grew its stake in shares of Fox Factory by 36.5% during the third quarter. KBC Group NV now owns 1,377 shares of the company’s stock worth $57,000 after acquiring an additional 368 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of Fox Factory by 7.3% during the third quarter. Park Avenue Securities LLC now owns 6,023 shares of the company’s stock valued at $250,000 after acquiring an additional 410 shares in the last quarter. Finally, Inspire Investing LLC raised its position in shares of Fox Factory by 7.9% in the 2nd quarter. Inspire Investing LLC now owns 7,318 shares of the company’s stock valued at $353,000 after purchasing an additional 533 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FOXF shares. StockNews.com upgraded shares of Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Truist Financial lowered their price target 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. Stifel Nicolaus raised Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Wednesday. Bank of America dropped their target price on Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Finally, Robert W. Baird cut their price target on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $40.67.

Fox Factory Stock Down 2.6 %

Shares of FOXF opened at $31.30 on Friday. The stock’s 50-day moving average price is $34.99 and its 200-day moving average price is $41.00. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 120.39, a PEG ratio of 2.67 and a beta of 1.60. Fox Factory Holding Corp. has a 52 week low of $30.13 and a 52 week high of $70.13.

Fox Factory (NASDAQ:FOXF) last released 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). Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The company had revenue of $359.10 million during the quarter, compared to analysts’ expectations of $366.86 million. During the same quarter in the prior year, the company posted $1.05 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, sell-side analysts predict that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Fox Factory Company 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.