Norden Group LLC Sells 1,745 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Norden Group LLC cut its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 17.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,235 shares of the company’s stock after selling 1,745 shares during the quarter. Norden Group LLC’s holdings in Fox Factory were worth $556,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FirstPurpose Wealth LLC boosted its stake in Fox Factory by 6.7% during the third quarter. FirstPurpose Wealth LLC now owns 2,907 shares of the company’s stock valued at $288,000 after buying an additional 183 shares during the period. Mariner LLC increased its holdings in shares of Fox Factory by 5.1% in the 3rd quarter. Mariner LLC now owns 4,491 shares of the company’s stock worth $445,000 after buying an additional 216 shares during the last quarter. Coldstream Capital Management Inc. raised its position in shares of Fox Factory by 11.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,167 shares of the company’s stock valued at $215,000 after buying an additional 217 shares in the last quarter. CWM LLC grew its position in Fox Factory by 54.1% in the fourth quarter. CWM LLC now owns 624 shares of the company’s stock worth $42,000 after acquiring an additional 219 shares in the last quarter. Finally, Inspire Investing LLC raised its position in Fox Factory by 8.1% during the third quarter. Inspire Investing LLC now owns 3,111 shares of the company’s stock valued at $308,000 after purchasing an additional 234 shares in the last quarter.

Fox Factory Trading Down 3.2 %

NASDAQ:FOXF opened at $38.92 on Wednesday. Fox Factory Holding Corp. has a 12 month low of $37.98 and a 12 month high of $117.68. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 13.66, a P/E/G ratio of 3.38 and a beta of 1.64. The company has a 50-day moving average price of $47.57 and a 200-day moving average price of $60.42. The company has a current ratio of 3.70, a quick ratio of 1.91 and a debt-to-equity ratio of 0.61.

Fox Factory (NASDAQ:FOXF) last announced its earnings results on Thursday, February 22nd. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.34). The firm had revenue of $332.50 million during the quarter, compared to the consensus estimate of $327.07 million. Fox Factory had a return on equity of 13.86% and a net margin of 8.25%. The firm’s revenue was down 18.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 EPS. Equities analysts predict that Fox Factory Holding Corp. will post 2.42 EPS for the current year.

Analyst Upgrades and Downgrades

FOXF has been the topic of several recent research reports. Truist Financial reduced their price objective on Fox Factory from $90.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Stifel Nicolaus reduced their target price on shares of Fox Factory from $56.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, April 24th. Bank of America downgraded shares of Fox Factory from a “buy” rating to a “neutral” rating and set a $55.00 price target for the company. in a research note on Friday, February 23rd. Finally, StockNews.com lowered Fox Factory from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $66.00.

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.