Thrivent Financial for Lutherans Sells 30,557 Shares of Fox Factory Holding Corp. $FOXF

Thrivent Financial for Lutherans lessened its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 35.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 56,808 shares of the company’s stock after selling 30,557 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.14% of Fox Factory worth $1,380,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. AlphaQuest LLC increased its stake in shares of Fox Factory by 170.4% during the 3rd quarter. AlphaQuest LLC now owns 12,688 shares of the company’s stock worth $308,000 after purchasing an additional 7,995 shares during the last quarter. Summit Global Investments boosted its holdings in Fox Factory by 185.5% in the third quarter. Summit Global Investments now owns 47,167 shares of the company’s stock worth $1,146,000 after purchasing an additional 30,646 shares in the last quarter. Federated Hermes Inc. acquired a new position in Fox Factory during the third quarter worth $25,000. Y Intercept Hong Kong Ltd lifted its position in shares of Fox Factory by 2.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 112,208 shares of the company’s stock worth $2,726,000 after buying an additional 3,031 shares during the last quarter. Finally, First Horizon Corp bought a new stake in Fox Factory during the third quarter worth approximately $25,000.

Fox Factory Price Performance

Shares of Fox Factory stock opened at $19.31 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.98 and a quick ratio of 1.36. The company has a market cap of $807.18 million, a PE ratio of -3.12 and a beta of 1.50. The firm has a fifty day moving average price of $18.25 and a two-hundred day moving average price of $21.90. Fox Factory Holding Corp. has a fifty-two week low of $13.08 and a fifty-two week high of $31.18.

Analyst Ratings Changes

FOXF has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Fox Factory from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 4th. CJS Securities upgraded shares of Fox Factory to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings restated a “sell (d)” rating on shares of Fox Factory in a report on Thursday, January 22nd. Finally, Roth Mkm dropped their price objective on Fox Factory from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $30.17.

Fox Factory Profile

Fox Factory Holding Corp., headquartered in Duluth, Minnesota, designs, engineers and manufactures high-performance suspension systems, shock absorbers and related components for powersports, light-vehicle and mountain-bike applications. The company’s FOX brand offers a comprehensive portfolio of forks, shocks, coilovers and internal bypass dampers aimed at OEM and aftermarket customers seeking enhanced ride quality, control and durability across off-road vehicles, motorcycles and bicycles.

Founded in 1974 by Bob Fox in California, Fox Factory has expanded its technology base and market reach through strategic acquisitions such as Marzocchi Suspension, DVO Suspension and Walker Evans Racing.