Sei Investments Co. Raises Position in Fox Factory Holding Corp (FOXF)

Sei Investments Co. boosted its position in shares of Fox Factory Holding Corp (NASDAQ:FOXF) by 1,003.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,454 shares of the company’s stock after acquiring an additional 5,869 shares during the period. Sei Investments Co.’s holdings in Fox Factory were worth $278,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Fox Factory by 7.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,926,907 shares of the company’s stock valued at $210,998,000 after purchasing an additional 404,704 shares in the last quarter. BlackRock Inc. boosted its holdings in Fox Factory by 15.2% during the second quarter. BlackRock Inc. now owns 4,059,323 shares of the company’s stock valued at $144,512,000 after purchasing an additional 536,712 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Fox Factory by 7.7% during the second quarter. Vanguard Group Inc. now owns 1,808,368 shares of the company’s stock valued at $64,377,000 after purchasing an additional 129,129 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Fox Factory by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,295,789 shares of the company’s stock valued at $46,129,000 after purchasing an additional 5,135 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Fox Factory by 2.1% during the second quarter. Lazard Asset Management LLC now owns 902,022 shares of the company’s stock valued at $32,111,000 after purchasing an additional 18,200 shares in the last quarter. Hedge funds and other institutional investors own 98.07% of the company’s stock.

Fox Factory Holding Corp (NASDAQ FOXF) opened at $39.10 on Thursday. The company has a market capitalization of $1,488.54, a P/E ratio of 26.09, a PEG ratio of 1.87 and a beta of 0.62. The company has a quick ratio of 1.41, a current ratio of 2.48 and a debt-to-equity ratio of 0.26. Fox Factory Holding Corp has a 1-year low of $25.25 and a 1-year high of $46.80.

Fox Factory (NASDAQ:FOXF) last announced its earnings results on Wednesday, November 1st. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. The business had revenue of $127.40 million for the quarter, compared to the consensus estimate of $123.02 million. Fox Factory had a return on equity of 28.25% and a net margin of 10.76%. Fox Factory’s revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 EPS. research analysts anticipate that Fox Factory Holding Corp will post 1.53 earnings per share for the current fiscal year.

In other news, CFO Zvi Glasman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $39.72, for a total value of $595,800.00. Following the transaction, the chief financial officer now directly owns 64,100 shares of the company’s stock, valued at approximately $2,546,052. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William H. Katherman sold 18,580 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $42.01, for a total value of $780,545.80. The disclosure for this sale can be found here. 21.40% of the stock is owned by insiders.

A number of research firms have weighed in on FOXF. Zacks Investment Research downgraded Fox Factory from a “buy” rating to a “hold” rating in a report on Friday, October 20th. SunTrust Banks reaffirmed a “hold” rating and set a $36.00 price objective on shares of Fox Factory in a report on Friday, October 20th. William Blair downgraded Fox Factory from an “outperform” rating to a “market perform” rating in a report on Friday, October 13th. ValuEngine downgraded Fox Factory from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $40.00 price objective on shares of Fox Factory in a report on Thursday, September 28th. Eight 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 stock has a consensus rating of “Hold” and a consensus target price of $39.29.

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

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