Employees Retirement System of Texas held its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,000 shares of the company’s stock at the close of the second quarter. Employees Retirement System of Texas owned 0.16% of Fox Factory Holding Corp. worth $2,100,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC bought a new stake in Fox Factory Holding Corp. during the 2nd quarter worth $111,000. LS Investment Advisors LLC grew its position in Fox Factory Holding Corp. by 7.5% during the 2nd quarter. LS Investment Advisors LLC now owns 3,990 shares of the company’s stock worth $142,000 after acquiring an additional 279 shares during the last quarter. Victory Capital Management Inc. grew its position in Fox Factory Holding Corp. by 11.3% during the 1st quarter. Victory Capital Management Inc. now owns 5,003 shares of the company’s stock worth $144,000 after acquiring an additional 509 shares during the last quarter. Paradigm Asset Management Co. LLC bought a new stake in Fox Factory Holding Corp. during the 2nd quarter worth $160,000. Finally, Pinebridge Investments L.P. grew its position in Fox Factory Holding Corp. by 20.5% during the 2nd 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. Institutional investors own 97.03% of the company’s stock.
Shares of Fox Factory Holding Corp. (FOXF) opened at 43.60 on Thursday. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 34.88 and a beta of 0.70. The company’s 50-day moving average price is $41.33 and its 200-day moving average price is $35.34. 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 released its earnings results on Thursday, August 3rd. The company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.03. The business had revenue of $120.80 million for the quarter, compared to analysts’ expectations of $117.16 million. Fox Factory Holding Corp. had a return on equity of 29.60% and a net margin of 10.67%. The firm’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 earnings per share. Analysts anticipate that Fox Factory Holding Corp. will post $1.50 EPS for the current year.
A number of equities research analysts recently weighed in on FOXF shares. Zacks Investment Research lowered Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Stifel Nicolaus restated a “hold” rating and set a $38.00 price objective (up previously from $32.00) on shares of Fox Factory Holding Corp. in a research report on Wednesday, August 9th. BidaskClub upgraded Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 29th. Robert W. Baird restated a “hold” rating and set a $40.00 price objective on shares of Fox Factory Holding Corp. in a research report on Thursday, September 28th. Finally, 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 report on Wednesday, July 12th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $36.86.
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In other news, SVP William H. Katherman sold 18,580 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $42.01, for a total transaction of $780,545.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Zvi Glasman sold 10,200 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $39.34, for a total value of $401,268.00. Following the transaction, the chief financial officer now directly owns 82,325 shares in the company, valued at $3,238,665.50. The disclosure for this sale can be found here. In the last three months, insiders sold 70,739 shares of company stock worth $2,766,288. 21.40% of the stock is owned by insiders.
About Fox Factory Holding Corp.
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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