Dean Capital Management Sells 360 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Dean Capital Management cut its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 9.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,660 shares of the company’s stock after selling 360 shares during the period. Dean Capital Management’s holdings in Fox Factory were worth $247,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. GAMMA Investing LLC bought a new stake in shares of Fox Factory during the 4th quarter worth $29,000. Quest Partners LLC bought a new position in shares of Fox Factory in the fourth quarter worth about $31,000. Operose Advisors LLC acquired a new stake in shares of Fox Factory in the 3rd quarter valued at approximately $37,000. CWM LLC grew its holdings in shares of Fox Factory by 54.1% during the 4th quarter. CWM LLC now owns 624 shares of the company’s stock valued at $42,000 after purchasing an additional 219 shares during the last quarter. Finally, TFO Wealth Partners LLC increased its position in Fox Factory by 14,180.0% during the 4th quarter. TFO Wealth Partners LLC now owns 714 shares of the company’s stock worth $48,000 after purchasing an additional 709 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have weighed in on FOXF shares. Roth Mkm decreased their target price on shares of Fox Factory from $55.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Truist Financial dropped their target price on Fox Factory from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. StockNews.com cut Fox Factory from a “hold” rating to a “sell” rating in a report on Monday, February 26th. Stifel Nicolaus dropped their price objective on shares of Fox Factory from $56.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, April 24th. Finally, Bank of America reduced their target price on shares of Fox Factory from $55.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday, May 6th. One investment 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $46.83.

Fox Factory Trading Down 2.8 %

FOXF stock traded down $1.27 during trading on Tuesday, hitting $44.36. The company had a trading volume of 11,279 shares, compared to its average volume of 587,477. The stock has a market cap of $1.85 billion, a PE ratio of 24.78, a PEG ratio of 1.89 and a beta of 1.71. The business has a 50-day moving average of $44.30 and a 200-day moving average of $54.92. The company has a current ratio of 3.43, a quick ratio of 1.85 and a debt-to-equity ratio of 0.63. Fox Factory Holding Corp. has a one year low of $37.98 and a one year high of $117.68.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.10. The company had revenue of $333.50 million during the quarter, compared to analysts’ expectations of $327.58 million. Fox Factory had a net margin of 5.41% and a return on equity of 10.56%. Fox Factory’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.20 earnings per share. Research analysts predict that Fox Factory Holding Corp. will post 2.4 earnings per share for the current fiscal year.

Fox Factory Company 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.