Lazard Asset Management LLC Reduces Position in Fox Factory Holding Corp. (FOXF)

Lazard Asset Management LLC reduced its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 28.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 883,822 shares of the company’s stock after selling 348,330 shares during the period. Lazard Asset Management LLC owned about 2.37% of Fox Factory Holding Corp. worth $25,365,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of FOXF. LS Investment Advisors LLC increased its stake in shares of Fox Factory Holding Corp. by 261.7% in the first quarter. LS Investment Advisors LLC now owns 3,711 shares of the company’s stock valued at $107,000 after buying an additional 2,685 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Fox Factory Holding Corp. by 22.8% in the first quarter. State of Alaska Department of Revenue now owns 3,830 shares of the company’s stock valued at $109,000 after buying an additional 710 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Fox Factory Holding Corp. by 11.3% in the first quarter. Victory Capital Management Inc. now owns 5,003 shares of the company’s stock valued at $144,000 after buying an additional 509 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Fox Factory Holding Corp. by 16.2% in the first quarter. BNP Paribas Arbitrage SA now owns 6,847 shares of the company’s stock valued at $197,000 after buying an additional 955 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Fox Factory Holding Corp. during the first quarter valued at $211,000. 95.80% of the stock is owned by institutional investors and hedge funds.

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

Fox Factory Holding Corp. (NASDAQ:FOXF) traded down 1.06% during mid-day trading on Tuesday, hitting $32.65. 329,591 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.22 billion, a P/E ratio of 29.15 and a beta of 0.68. The firm has a 50 day moving average of $32.43 and a 200 day moving average of $28.62. Fox Factory Holding Corp. has a 52 week low of $16.28 and a 52 week high of $34.00.

Fox Factory Holding Corp. (NASDAQ:FOXF) last issued its quarterly earnings data on Wednesday, May 3rd. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. Fox Factory Holding Corp. had a net margin of 10.01% and a return on equity of 30.07%. The firm had revenue of $106.33 million for the quarter, compared to analyst estimates of $97.31 million. Equities analysts forecast that Fox Factory Holding Corp. will post $1.44 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of international copyright laws. The legal version of this news story can be read at https://sportsperspectives.com/2017/06/20/lazard-asset-management-llc-reduces-position-in-fox-factory-holding-corp-foxf-updated.html.

Several analysts recently weighed in on the stock. ValuEngine upgraded shares of Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. CL King downgraded shares of Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a research report on Thursday, June 1st. DA Davidson downgraded shares of Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $34.00 price objective on the stock. in a research report on Wednesday, May 17th. Zacks Investment Research upgraded shares of Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Friday, May 5th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $26.00 price objective (up from $23.00) on shares of Fox Factory Holding Corp. in a research report on Wednesday, March 8th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $29.83.

In other Fox Factory Holding Corp. news, SVP William H. Katherman sold 11,878 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $33.01, for a total transaction of $392,092.78. Following the transaction, the senior vice president now directly owns 18,000 shares in the company, valued at approximately $594,180. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thomas Michael Wittenschlaeger sold 2,718 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $31.85, for a total transaction of $86,568.30. Following the transaction, the insider now owns 41,402 shares in the company, valued at $1,318,653.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 216,170 shares of company stock worth $7,020,981. Insiders own 21.40% of the company’s stock.

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.

Receive News & Ratings for Fox Factory Holding Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fox Factory Holding Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply