Segall Bryant & Hamill LLC Sells 43,284 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Segall Bryant & Hamill LLC reduced its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 22.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 151,523 shares of the company’s stock after selling 43,284 shares during the period. Segall Bryant & Hamill LLC owned about 0.36% of Fox Factory worth $4,587,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FOXF. KBC Group NV increased its stake in Fox Factory by 80.4% in the fourth quarter. KBC Group NV now owns 2,484 shares of the company’s stock worth $75,000 after purchasing an additional 1,107 shares during the period. Magnetar Financial LLC bought a new stake in Fox Factory during the 4th quarter valued at about $206,000. Diversify Wealth Management LLC lifted its holdings in Fox Factory by 10.1% during the 4th quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company’s stock valued at $207,000 after buying an additional 680 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Fox Factory in the 4th quarter valued at about $230,000. Finally, HighTower Advisors LLC grew its stake in Fox Factory by 23.8% in the 3rd quarter. HighTower Advisors LLC now owns 5,880 shares of the company’s stock worth $243,000 after acquiring an additional 1,131 shares in the last quarter.

Wall Street Analyst Weigh In

FOXF has been the subject of a number of research reports. Stifel Nicolaus upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Wednesday, December 11th. Truist Financial lowered their target price on Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Robert W. Baird cut their price target on Fox Factory from $38.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, February 28th. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Jefferies Financial Group cut their target price on shares of Fox Factory from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Fox Factory presently has a consensus rating of “Hold” and an average target price of $39.14.

Fox Factory Stock Performance

FOXF stock opened at $25.74 on Friday. The firm has a 50-day simple moving average of $26.50 and a two-hundred day simple moving average of $31.82. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. Fox Factory Holding Corp. has a one year low of $23.91 and a one year high of $54.86. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 99.00, a PEG ratio of 1.45 and a beta of 1.65.

Fox Factory (NASDAQ:FOXF) last announced its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. The company had revenue of $352.84 million during the quarter, compared to the consensus estimate of $321.31 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. On average, equities analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS 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.