Townsquare Capital LLC Sells 9,129 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Townsquare Capital LLC decreased its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 10.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,563 shares of the company’s stock after selling 9,129 shares during the period. Townsquare Capital LLC owned about 0.20% of Fox Factory worth $3,426,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FOXF. Wesbanco Bank Inc. bought a new stake in Fox Factory in the 2nd quarter valued at $626,000. Jane Street Group LLC lifted its stake in shares of Fox Factory by 173.7% during the 1st quarter. Jane Street Group LLC now owns 181,873 shares of the company’s stock worth $9,470,000 after buying an additional 115,432 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Fox Factory by 25.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company’s stock worth $32,483,000 after buying an additional 135,542 shares during the period. Victory Capital Management Inc. grew its stake in Fox Factory by 223.3% in the 2nd quarter. Victory Capital Management Inc. now owns 42,119 shares of the company’s stock valued at $2,030,000 after buying an additional 29,092 shares during the last quarter. Finally, Van Berkom & Associates Inc. lifted its position in Fox Factory by 1.5% during the second quarter. Van Berkom & Associates Inc. now owns 913,452 shares of the company’s stock worth $44,019,000 after acquiring an additional 13,936 shares during the last quarter.

Fox Factory Trading Up 0.6 %

Shares of Fox Factory stock opened at $32.48 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. Fox Factory Holding Corp. has a 12-month low of $30.92 and a 12-month high of $70.13. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 124.92, a PEG ratio of 2.63 and a beta of 1.65. The firm’s 50-day moving average price is $37.13 and its two-hundred day moving average price is $42.11.

Fox Factory (NASDAQ:FOXF) last posted 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 firm had revenue of $359.10 million for the quarter, compared to analyst estimates of $366.86 million. During the same quarter in the prior year, the business posted $1.05 EPS. The business’s revenue was up 8.4% on a year-over-year basis. On average, analysts forecast that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FOXF shares. Robert W. Baird decreased 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. B. Riley lowered their price objective on Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Truist Financial reduced 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 report on Friday, November 1st. Roth Mkm lowered their price target on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $41.50.

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.