Public Employees Retirement System of Ohio Trims Stock Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Public Employees Retirement System of Ohio decreased its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 98.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 676 shares of the company’s stock after selling 39,191 shares during the period. Public Employees Retirement System of Ohio’s holdings in Fox Factory were worth $28,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FOXF. MML Investors Services LLC lifted its holdings in shares of Fox Factory by 13.1% in the 3rd quarter. MML Investors Services LLC now owns 26,050 shares of the company’s stock worth $1,081,000 after buying an additional 3,018 shares during the period. Castleark Management LLC raised its holdings in shares of Fox Factory by 15.6% in the third quarter. Castleark Management LLC now owns 65,560 shares of the company’s stock valued at $2,721,000 after acquiring an additional 8,870 shares in the last quarter. State Street Corp grew its holdings in Fox Factory by 0.4% during the 3rd quarter. State Street Corp now owns 1,596,222 shares of the company’s stock worth $66,243,000 after acquiring an additional 6,308 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Fox Factory during the 3rd quarter valued at about $375,000. Finally, Readystate Asset Management LP purchased a new stake in shares of Fox Factory in the 3rd quarter worth approximately $319,000.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Stifel Nicolaus raised Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Wednesday, December 11th. 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 research note on Friday, November 1st. Robert W. Baird reduced their target price on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, Bank of America lowered their price target on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Fox Factory presently has a consensus rating of “Hold” and an average price target of $40.67.

Fox Factory Price Performance

Shares of NASDAQ FOXF opened at $29.87 on Monday. Fox Factory Holding Corp. has a fifty-two week low of $28.93 and a fifty-two week high of $70.13. The company has a market cap of $1.25 billion, a PE ratio of 114.89, a P/E/G ratio of 2.67 and a beta of 1.60. 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 business has a 50-day simple moving average of $34.03 and a two-hundred day simple moving average of $40.41.

Fox Factory (NASDAQ:FOXF) last released its earnings results on Thursday, October 31st. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). The company had revenue of $359.10 million during the quarter, compared to analyst estimates of $366.86 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the business earned $1.05 earnings per share. As a group, equities analysts expect that Fox Factory Holding Corp. will post 1.31 EPS 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.