NBW Capital LLC reduced its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,264 shares of the company’s stock after selling 3,333 shares during the quarter. Fox Factory accounts for 1.8% of NBW Capital LLC’s portfolio, making the stock its 15th largest position. NBW Capital LLC owned about 0.14% of Fox Factory worth $6,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new position in Fox Factory during the third quarter worth $25,000. Point72 Hong Kong Ltd bought a new stake in shares of Fox Factory during the third quarter worth $80,000. Wolff Wiese Magana LLC bought a new stake in shares of Fox Factory during the fourth quarter worth $103,000. Great Lakes Advisors LLC bought a new stake in shares of Fox Factory during the fourth quarter worth $207,000. Finally, Welch & Forbes LLC bought a new stake in shares of Fox Factory during the fourth quarter worth $227,000.
Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a report on Friday, November 6th. Truist upgraded Fox Factory from a “hold” rating to a “buy” rating and raised their target price for the stock from $92.00 to $130.00 in a report on Monday, December 21st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $91.00.
Shares of NASDAQ FOXF traded down $4.68 during mid-day trading on Tuesday, reaching $134.26. 8,732 shares of the company’s stock were exchanged, compared to its average volume of 235,791. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 69.12, a PEG ratio of 2.76 and a beta of 1.80. The company has a current ratio of 3.22, a quick ratio of 2.44 and a debt-to-equity ratio of 0.55. The business has a fifty day simple moving average of $127.13 and a 200 day simple moving average of $100.46. Fox Factory Holding Corp. has a twelve month low of $34.58 and a twelve month high of $143.29.
About Fox Factory
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, motorcycles, and commercial trucks.
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