Insider Selling: Fox Factory Holding Corp (FOXF) CEO Sells $2,856,000.00 in Stock

Fox Factory Holding Corp (NASDAQ:FOXF) CEO Larry L. Enterline sold 75,000 shares of Fox Factory stock in a transaction on Friday, December 15th. The stock was sold at an average price of $38.08, for a total transaction of $2,856,000.00. Following the transaction, the chief executive officer now directly owns 124,934 shares of the company’s stock, valued at approximately $4,757,486.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Fox Factory Holding Corp (FOXF) opened at $39.30 on Thursday. Fox Factory Holding Corp has a 52 week low of $25.25 and a 52 week high of $46.80. The company has a quick ratio of 1.41, a current ratio of 2.48 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1,458.51, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 1.73 and a beta of 0.62.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.46 earnings per share for the quarter, beating the 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 the consensus estimate of $123.02 million. During the same period in the previous year, the firm posted $0.44 earnings per share. The business’s revenue was up 16.9% compared to the same quarter last year. equities research analysts predict that Fox Factory Holding Corp will post 1.53 EPS for the current year.

A number of equities analysts recently weighed in on the stock. Robert W. Baird reissued a “hold” rating and set a $40.00 target price on shares of Fox Factory in a research note on Thursday, September 28th. Zacks Investment Research downgraded shares of Fox Factory from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Bank of America lifted their target price on shares of Fox Factory from $39.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, September 21st. William Blair downgraded shares of Fox Factory from an “outperform” rating to a “market perform” rating in a research note on Friday, October 13th. Finally, ValuEngine downgraded shares of Fox Factory from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Eight investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Fox Factory currently has an average rating of “Hold” and an average price target of $39.29.

Institutional investors and hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. increased its stake in Fox Factory by 76.4% in the second quarter. Ameritas Investment Partners Inc. now owns 3,076 shares of the company’s stock valued at $110,000 after purchasing an additional 1,332 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Fox Factory during the second quarter valued at about $111,000. Paradigm Asset Management Co. LLC acquired a new position in shares of Fox Factory during the second quarter valued at about $160,000. Pinebridge Investments L.P. grew its holdings 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 valued at $163,000 after buying an additional 778 shares during the last quarter. Finally, Amalgamated Bank acquired a new position in shares of Fox Factory during the third quarter valued at about $209,000. 97.78% of the stock is owned by hedge funds and other institutional investors.

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About Fox Factory

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.

Insider Buying and Selling by Quarter for Fox Factory (NASDAQ:FOXF)

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