Pacer Advisors Inc. Decreases Stock Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Pacer Advisors Inc. lowered its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 2.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,549,692 shares of the company’s stock after selling 35,444 shares during the period. Pacer Advisors Inc. owned approximately 3.72% of Fox Factory worth $64,312,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FOXF. GAMMA Investing LLC increased its stake in Fox Factory by 86.0% during the 3rd quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock worth $25,000 after buying an additional 277 shares during the period. Signaturefd LLC increased its position in shares of Fox Factory by 301.1% during the third quarter. Signaturefd LLC now owns 726 shares of the company’s stock worth $30,000 after acquiring an additional 545 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Fox Factory in the third quarter worth about $42,000. KBC Group NV lifted its stake in shares of Fox Factory by 36.5% in 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 in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Fox Factory by 26.5% in the second quarter. Fifth Third Bancorp now owns 1,245 shares of the company’s stock valued at $60,000 after purchasing an additional 261 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FOXF shares. Robert W. Baird cut their target price on Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Roth Mkm decreased their price objective on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Bank of America reduced their price target on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. B. Riley lowered their price objective on 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 reduced their target price on Fox Factory from $54.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $41.50.

Fox Factory Stock Performance

Shares of NASDAQ FOXF opened at $32.22 on Friday. 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 firm’s 50-day moving average price is $38.03 and its two-hundred day moving average price is $42.64. Fox Factory Holding Corp. has a 52-week low of $30.92 and a 52-week high of $70.13. The stock has a market capitalization of $1.34 billion, a P/E ratio of 123.93, a P/E/G ratio of 2.60 and a beta of 1.65.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings results 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). 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 the consensus estimate of $366.86 million. During the same period last year, the business posted $1.05 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, sell-side analysts forecast that Fox Factory Holding Corp. will post 1.31 earnings per share 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.