Nisa Investment Advisors LLC Sells 921 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Nisa Investment Advisors LLC cut its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 39.7% during the third quarter, Holdings Channel.com reports. The fund owned 1,397 shares of the company’s stock after selling 921 shares during the period. Nisa Investment Advisors LLC’s holdings in Fox Factory were worth $58,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of Fox Factory by 86.0% in the 3rd quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock valued at $25,000 after purchasing an additional 277 shares during the period. Signaturefd LLC increased its holdings in Fox Factory by 301.1% in the third quarter. Signaturefd LLC now owns 726 shares of the company’s stock valued at $30,000 after purchasing an additional 545 shares during the last quarter. nVerses Capital LLC bought a new stake in Fox Factory in the third quarter valued at approximately $42,000. Fifth Third Bancorp raised 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 worth $60,000 after purchasing an additional 261 shares during the period. Finally, Covestor Ltd boosted its position in shares of Fox Factory by 31.8% during the first quarter. Covestor Ltd now owns 1,518 shares of the company’s stock worth $79,000 after purchasing an additional 366 shares in the last quarter.

Fox Factory Stock Down 4.0 %

NASDAQ:FOXF opened at $34.03 on Friday. The company has a market cap of $1.42 billion, a PE ratio of 130.88, a PEG ratio of 2.74 and a beta of 1.65. The stock has a 50-day simple moving average of $38.93 and a 200 day simple moving average of $43.03. 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 52-week low of $31.19 and a 52-week high of $70.13.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results 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 business had revenue of $359.10 million for the quarter, compared to the consensus estimate of $366.86 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. Fox Factory’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.05 earnings per share. On average, sell-side analysts expect that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FOXF. Robert W. Baird lowered their price objective on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Bank of America lowered their price target on Fox Factory from $53.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. B. Riley cut their price objective 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 lowered their target price 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. Finally, Truist Financial cut their price target on shares of Fox Factory from $54.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.50.

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.