Rhumbline Advisers lifted its position in shares of Fox Factory Holding Corp (NASDAQ:FOXF) by 5.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 69,639 shares of the company’s stock after acquiring an additional 3,690 shares during the period. Rhumbline Advisers owned 0.19% of Fox Factory worth $3,001,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in FOXF. Ameritas Investment Partners Inc. grew its position in shares of Fox Factory by 76.4% during the second quarter. Ameritas Investment Partners Inc. now owns 3,076 shares of the company’s stock worth $110,000 after acquiring an additional 1,332 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Fox Factory during the second quarter worth about $111,000. Paradigm Asset Management Co. LLC bought a new position in shares of Fox Factory during the second quarter worth about $160,000. Pinebridge Investments L.P. grew its position in shares of Fox Factory by 20.5% during the second quarter. Pinebridge Investments L.P. now owns 4,564 shares of the company’s stock worth $163,000 after acquiring an additional 778 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in shares of Fox Factory during the second quarter worth about $196,000. Institutional investors and hedge funds own 98.07% of the company’s stock.
In other news, SVP William H. Katherman sold 18,580 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $42.01, for a total transaction of $780,545.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Zvi Glasman sold 15,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $39.72, for a total transaction of $595,800.00. Following the transaction, the chief financial officer now owns 64,100 shares of the company’s stock, valued at approximately $2,546,052. The disclosure for this sale can be found here. Company insiders own 21.40% of the company’s stock.
Fox Factory Holding Corp (NASDAQ:FOXF) opened at $39.65 on Friday. The stock has a market cap of $1,500.00, a PE ratio of 25.69, a P/E/G ratio of 1.84 and a beta of 0.63. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.48 and a quick ratio of 1.41. Fox Factory Holding Corp has a 12-month low of $25.25 and a 12-month high of $46.80.
Fox Factory (NASDAQ:FOXF) last announced its earnings results on Wednesday, November 1st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.02. Fox Factory had a net margin of 10.76% and a return on equity of 28.25%. The firm had revenue of $127.40 million during the quarter, compared to analyst estimates of $123.02 million. During the same quarter in the prior year, the firm posted $0.44 EPS. Fox Factory’s revenue was up 16.9% compared to the same quarter last year. equities analysts forecast that Fox Factory Holding Corp will post 1.53 earnings per share for the current fiscal year.
Several equities analysts have recently commented on FOXF shares. William Blair lowered shares of Fox Factory from an “outperform” rating to a “market perform” rating in a research report on Friday, October 13th. Zacks Investment Research upgraded shares of Fox Factory from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Wednesday. Robert W. Baird reiterated a “hold” rating and issued a $40.00 target price on shares of Fox Factory in a research report on Thursday, September 28th. SunTrust Banks reiterated a “hold” rating and issued a $36.00 target price on shares of Fox Factory in a research report on Friday, October 20th. Finally, ValuEngine lowered shares of Fox Factory from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Eight research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $39.29.
Fox Factory 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.
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