Eukles Asset Management Has $336,000 Stock Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Eukles Asset Management decreased its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 6.4% in the 4th quarter, HoldingsChannel reports. The fund owned 4,975 shares of the company’s stock after selling 343 shares during the period. Eukles Asset Management’s holdings in Fox Factory were worth $336,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in Fox Factory during the fourth quarter worth $34,350,000. FMR LLC increased its stake in Fox Factory by 46.2% in the third quarter. FMR LLC now owns 1,136,720 shares of the company’s stock valued at $112,626,000 after acquiring an additional 359,168 shares during the period. Bamco Inc. NY acquired a new position in Fox Factory in the third quarter worth about $27,247,000. Capital World Investors lifted its stake in Fox Factory by 431.9% during the first quarter. Capital World Investors now owns 329,000 shares of the company’s stock worth $32,226,000 after purchasing an additional 267,147 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Fox Factory by 483.4% during the fourth quarter. Victory Capital Management Inc. now owns 265,453 shares of the company’s stock valued at $24,217,000 after purchasing an additional 219,953 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FOXF. Stifel Nicolaus dropped their target price on Fox Factory from $69.00 to $56.00 and set a “hold” rating for the company in a report on Friday, February 23rd. StockNews.com cut Fox Factory from a “hold” rating to a “sell” rating in a report on Monday, February 26th. Truist Financial lowered their target price on shares of Fox Factory from $90.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. Finally, Bank of America downgraded shares of Fox Factory from a “buy” rating to a “neutral” rating and set a $55.00 price target for the company. in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Fox Factory currently has a consensus rating of “Hold” and an average price target of $68.20.

Fox Factory Price Performance

Shares of NASDAQ:FOXF traded down $0.03 during midday trading on Friday, reaching $40.71. The company’s stock had a trading volume of 226,851 shares, compared to its average volume of 601,645. The business’s fifty day simple moving average is $51.83 and its 200-day simple moving average is $63.93. The company has a market capitalization of $1.71 billion, a P/E ratio of 14.22, a P/E/G ratio of 3.47 and a beta of 1.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.70 and a quick ratio of 1.91. Fox Factory Holding Corp. has a fifty-two week low of $40.37 and a fifty-two week high of $117.68.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.34). Fox Factory had a net margin of 8.25% and a return on equity of 13.86%. The company had revenue of $332.50 million during the quarter, compared to analyst estimates of $327.07 million. During the same quarter in the previous year, the business posted $1.43 EPS. The company’s revenue was down 18.6% compared to the same quarter last year. As a group, equities research analysts expect that Fox Factory Holding Corp. will post 2.42 EPS for the current fiscal year.

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.