Fox Factory Holding Corp (NASDAQ:FOXF) CEO Larry L. Enterline sold 75,000 shares of Fox Factory stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $38.08, for a total value of $2,856,000.00. Following the completion of the sale, the chief executive officer now owns 124,934 shares of the company’s stock, valued at $4,757,486.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Fox Factory Holding Corp (NASDAQ FOXF) traded up $1.15 during trading on Thursday, reaching $38.85. The company’s stock had a trading volume of 356,433 shares, compared to its average volume of 242,842. The company has a current ratio of 2.48, a quick ratio of 1.41 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. The stock has a market cap of $1,420.00, a price-to-earnings ratio of 29.88, a PEG ratio of 1.55 and a beta of 0.63.
Fox Factory (NASDAQ:FOXF) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.02. Fox Factory had a return on equity of 28.25% and a net margin of 10.76%. The business had revenue of $127.40 million for the quarter, compared to analyst estimates of $123.02 million. During the same quarter in the prior year, the firm posted $0.44 EPS. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. sell-side analysts forecast that Fox Factory Holding Corp will post 1.53 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in FOXF. Neuberger Berman Group LLC raised its stake in shares of Fox Factory by 187.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,144,537 shares of the company’s stock worth $49,330,000 after buying an additional 746,191 shares during the period. California Public Employees Retirement System raised its stake in shares of Fox Factory by 65.5% during the 3rd quarter. California Public Employees Retirement System now owns 25,152 shares of the company’s stock worth $1,084,000 after buying an additional 9,952 shares during the period. Janus Henderson Group PLC raised its stake in shares of Fox Factory by 10.1% during the 3rd quarter. Janus Henderson Group PLC now owns 369,941 shares of the company’s stock worth $15,944,000 after buying an additional 34,052 shares during the period. Polen Capital Management LLC acquired a new position in shares of Fox Factory during the 3rd quarter worth approximately $225,000. Finally, Convergence Investment Partners LLC acquired a new position in Fox Factory in the 3rd quarter valued at $1,126,000. Institutional investors and hedge funds own 97.78% of the company’s stock.
A number of brokerages have recently weighed in on FOXF. Zacks Investment Research upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Wednesday. BidaskClub lowered Fox Factory from a “sell” rating to a “strong sell” rating in a research note on Thursday. Robert W. Baird restated a “hold” rating and set a $40.00 price target on shares of Fox Factory in a research note on Thursday, September 28th. Bank of America boosted their price target on Fox Factory from $39.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, September 21st. Finally, William Blair lowered Fox Factory from an “outperform” rating to a “market perform” rating in a research report on Friday, October 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $39.00.
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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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