Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Sold by Portside Wealth Group LLC

Portside Wealth Group LLC lowered its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 15.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,261 shares of the company’s stock after selling 2,338 shares during the quarter. Portside Wealth Group LLC’s holdings in Fox Factory were worth $550,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Malaga Cove Capital LLC raised its position in shares of Fox Factory by 28.5% during the 3rd quarter. Malaga Cove Capital LLC now owns 12,050 shares of the company’s stock valued at $500,000 after acquiring an additional 2,671 shares in the last quarter. D.B. Root & Company LLC raised its holdings in shares of Fox Factory by 24.7% during the third quarter. D.B. Root & Company LLC now owns 6,060 shares of the company’s stock worth $251,000 after purchasing an additional 1,199 shares during the period. US Bancorp DE lifted its position in shares of Fox Factory by 2.6% in the 3rd quarter. US Bancorp DE now owns 42,844 shares of the company’s stock worth $1,778,000 after buying an additional 1,099 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Fox Factory by 2.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 35,571 shares of the company’s stock valued at $1,476,000 after buying an additional 941 shares during the period. Finally, Signaturefd LLC grew its position in shares of Fox Factory by 301.1% during the 3rd quarter. Signaturefd LLC now owns 726 shares of the company’s stock valued at $30,000 after buying an additional 545 shares during the last quarter.

Analysts Set New Price Targets

FOXF has been the topic of a number of recent research reports. Robert W. Baird cut their target price 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. Bank of America reduced their price objective on Fox Factory from $53.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Roth Mkm dropped their target price on Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. B. Riley reduced their price target on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Truist Financial dropped their price objective on shares of Fox Factory from $54.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $41.50.

Fox Factory Stock Performance

FOXF stock opened at $34.03 on Friday. The company has a 50-day simple moving average of $38.93 and a 200 day simple moving average of $43.03. The company has a market capitalization of $1.42 billion, a P/E ratio of 130.88, a PEG ratio of 2.74 and a beta of 1.65. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. Fox Factory Holding Corp. has a fifty-two week low of $31.19 and a fifty-two week high of $70.13.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.07). The company had revenue of $359.10 million during the quarter, compared to the consensus estimate 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 was up 8.4% on a year-over-year basis. During the same quarter last year, the business earned $1.05 earnings per share. Sell-side analysts predict that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal 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.