Massachusetts Financial Services Co. MA Sells 387 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Massachusetts Financial Services Co. MA lowered its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 2.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,951 shares of the company’s stock after selling 387 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Fox Factory were worth $662,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FOXF. GAMMA Investing LLC lifted its holdings in Fox Factory by 86.0% in the 3rd quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock worth $25,000 after purchasing an additional 277 shares during the last quarter. Signaturefd LLC lifted its position in shares of Fox Factory by 301.1% in the 3rd quarter. Signaturefd LLC now owns 726 shares of the company’s stock worth $30,000 after acquiring an additional 545 shares during the period. nVerses Capital LLC acquired a new stake in Fox Factory during the third quarter worth $42,000. Fifth Third Bancorp boosted its position in shares of Fox Factory by 26.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,245 shares of the company’s stock valued at $60,000 after acquiring an additional 261 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Fox Factory by 36.5% during the third quarter. KBC Group NV now owns 1,377 shares of the company’s stock valued at $57,000 after purchasing an additional 368 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Robert W. Baird lowered 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. B. Riley decreased their target price on Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Roth Mkm cut their price target on 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 decreased 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. Finally, Truist Financial dropped their target price 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $41.50.

Fox Factory Price Performance

Shares of FOXF stock opened at $32.30 on Thursday. 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 12 month low of $30.92 and a 12 month high of $70.13. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 122.04, a PEG ratio of 2.72 and a beta of 1.65. The stock has a 50-day moving average price of $37.50 and a 200 day moving average price of $42.24.

Fox Factory (NASDAQ:FOXF) last announced 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). Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The business had revenue of $359.10 million during the quarter, compared to analyst estimates of $366.86 million. During the same quarter in the prior year, the company earned $1.05 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. Research analysts expect that Fox Factory Holding Corp. will post 1.31 EPS 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.