Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board cut its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,390 shares of the company’s stock after selling 3,200 shares during the period. Public Sector Pension Investment Board owned approximately 0.21% of Fox Factory worth $3,668,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. raised its position in shares of Fox Factory by 25,005.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,585,136 shares of the company’s stock valued at $76,388,000 after buying an additional 1,578,822 shares during the period. William Blair Investment Management LLC acquired a new stake in Fox Factory in the 2nd quarter valued at approximately $53,294,000. D. E. Shaw & Co. Inc. raised its holdings in shares of Fox Factory by 25.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company’s stock valued at $32,483,000 after buying an additional 135,542 shares during the period. Envestnet Asset Management Inc. lifted its stake in Fox Factory by 25.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 240,795 shares of the company’s stock worth $11,604,000 after acquiring an additional 49,062 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Fox Factory by 26.0% during the second quarter. Principal Financial Group Inc. now owns 221,203 shares of the company’s stock worth $10,660,000 after purchasing an additional 45,576 shares during the period.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Robert W. Baird reduced their price objective on Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Roth Mkm decreased their price objective on Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Truist Financial decreased their price target on shares of Fox Factory from $54.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Bank of America reduced their price objective 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. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Fox Factory presently has an average rating of “Hold” and an average target price of $41.50.

Fox Factory Stock Up 1.4 %

Shares of NASDAQ FOXF opened at $32.94 on Tuesday. The stock has a market cap of $1.37 billion, a PE ratio of 126.70, a price-to-earnings-growth ratio of 2.65 and a beta of 1.65. Fox Factory Holding Corp. has a 52-week low of $30.92 and a 52-week high of $70.13. The business has a 50-day moving average price of $36.72 and a 200 day moving average price of $41.82. 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 (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.07). The firm had revenue of $359.10 million during the quarter, compared to analyst estimates of $366.86 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. Fox Factory’s revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 earnings per share. Equities research analysts forecast that Fox Factory Holding Corp. will post 1.31 earnings per share for the current 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.