Fox Factory Holding Corp. (FOXF) Shares Sold by Argent Capital Management LLC

Argent Capital Management LLC reduced its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 61.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,100 shares of the company’s stock after selling 72,075 shares during the period. Argent Capital Management LLC owned approximately 0.12% of Fox Factory Holding Corp. worth $1,606,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FOXF. SG Americas Securities LLC acquired a new position in shares of Fox Factory Holding Corp. in the 2nd quarter valued at about $111,000. LS Investment Advisors LLC lifted its stake in shares of Fox Factory Holding Corp. by 7.5% in the 2nd quarter. LS Investment Advisors LLC now owns 3,990 shares of the company’s stock valued at $142,000 after purchasing an additional 279 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Fox Factory Holding Corp. by 11.3% in the 1st quarter. Victory Capital Management Inc. now owns 5,003 shares of the company’s stock valued at $144,000 after purchasing an additional 509 shares in the last quarter. Paradigm Asset Management Co. LLC acquired a new position in shares of Fox Factory Holding Corp. in the 2nd quarter valued at about $160,000. Finally, Pinebridge Investments L.P. lifted its stake in shares of Fox Factory Holding Corp. by 20.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,564 shares of the company’s stock valued at $163,000 after purchasing an additional 778 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Fox Factory Holding Corp. (NASDAQ:FOXF) traded up 0.34% during trading on Tuesday, reaching $44.25. The company had a trading volume of 16,020 shares. The stock has a 50 day moving average of $41.02 and a 200-day moving average of $35.16. The company has a market capitalization of $1.66 billion, a P/E ratio of 35.40 and a beta of 0.69. Fox Factory Holding Corp. has a 12 month low of $19.65 and a 12 month high of $46.80.

Fox Factory Holding Corp. (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.03. Fox Factory Holding Corp. had a net margin of 10.67% and a return on equity of 29.60%. The firm had revenue of $120.80 million during the quarter, compared to analyst estimates of $117.16 million. During the same quarter last year, the business posted $0.32 EPS. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. Equities research analysts expect that Fox Factory Holding Corp. will post $1.50 EPS for the current fiscal year.

In other news, Director Carl Nichols sold 6,503 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $37.89, for a total transaction of $246,398.67. Following the completion of the sale, the director now owns 36,410 shares in the company, valued at approximately $1,379,574.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thomas Michael Wittenschlaeger sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $39.22, for a total transaction of $78,440.00. Following the sale, the insider now owns 61,162 shares of the company’s stock, valued at approximately $2,398,773.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,739 shares of company stock valued at $2,766,288. 21.40% of the stock is currently owned by company insiders.

FOXF has been the topic of several research analyst reports. BidaskClub raised Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 29th. DA Davidson reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Fox Factory Holding Corp. in a research note on Friday, June 30th. Zacks Investment Research lowered Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Bank of America Corporation lowered Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a research note on Wednesday, July 12th. They noted that the move was a valuation call. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $38.00 price objective (up from $32.00) on shares of Fox Factory Holding Corp. in a research note on Wednesday, August 9th. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $36.86.

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Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FOXF. SG Americas Securities LLC acquired a new position in shares of Fox Factory Holding Corp. in the 2nd quarter valued at about $111,000. LS Investment Advisors LLC lifted its stake in shares of Fox Factory Holding Corp. by 7.5% in the 2nd quarter. LS Investment Advisors LLC now owns 3,990 shares of the company’s stock valued at $142,000 after purchasing an additional 279 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Fox Factory Holding Corp. by 11.3% in the 1st quarter. Victory Capital Management Inc. now owns 5,003 shares of the company’s stock valued at $144,000 after purchasing an additional 509 shares in the last quarter. Paradigm Asset Management Co. LLC acquired a new position in shares of Fox Factory Holding Corp. in the 2nd quarter valued at about $160,000. Finally, Pinebridge Investments L.P. lifted its stake in shares of Fox Factory Holding Corp. by 20.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,564 shares of the company’s stock valued at $163,000 after purchasing an additional 778 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Fox Factory Holding Corp. (NASDAQ:FOXF) traded up 0.34% during trading on Tuesday, reaching $44.25. The company had a trading volume of 16,020 shares. The stock has a 50 day moving average of $41.02 and a 200-day moving average of $35.16. The company has a market capitalization of $1.66 billion, a P/E ratio of 35.40 and a beta of 0.69. Fox Factory Holding Corp. has a 12 month low of $19.65 and a 12 month high of $46.80.

Fox Factory Holding Corp. (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.03. Fox Factory Holding Corp. had a net margin of 10.67% and a return on equity of 29.60%. The firm had revenue of $120.80 million during the quarter, compared to analyst estimates of $117.16 million. During the same quarter last year, the business posted $0.32 EPS. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. Equities research analysts expect that Fox Factory Holding Corp. will post $1.50 EPS for the current fiscal year.

In other news, Director Carl Nichols sold 6,503 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $37.89, for a total transaction of $246,398.67. Following the completion of the sale, the director now owns 36,410 shares in the company, valued at approximately $1,379,574.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thomas Michael Wittenschlaeger sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $39.22, for a total transaction of $78,440.00. Following the sale, the insider now owns 61,162 shares of the company’s stock, valued at approximately $2,398,773.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,739 shares of company stock valued at $2,766,288. 21.40% of the stock is currently owned by company insiders.

FOXF has been the topic of several research analyst reports. BidaskClub raised Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 29th. DA Davidson reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Fox Factory Holding Corp. in a research note on Friday, June 30th. Zacks Investment Research lowered Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Bank of America Corporation lowered Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a research note on Wednesday, July 12th. They noted that the move was a valuation call. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $38.00 price objective (up from $32.00) on shares of Fox Factory Holding Corp. in a research note on Wednesday, August 9th. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $36.86.

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Fox Factory Holding Corp. Company Profile

Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.

Institutional Ownership by Quarter for Fox Factory Holding Corp. (NASDAQ:FOXF)

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