Lazard Asset Management LLC cut its position in Fox Factory Holding Corp (NASDAQ:FOXF) by 90.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,679 shares of the company’s stock after selling 105,233 shares during the period. Lazard Asset Management LLC’s holdings in Fox Factory were worth $414,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of FOXF. Amalgamated Bank acquired a new stake in shares of Fox Factory in the 3rd quarter valued at about $209,000. Polen Capital Management LLC acquired a new stake in shares of Fox Factory in the 3rd quarter valued at about $225,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of Fox Factory in the 3rd quarter valued at about $230,000. Capital Fund Management S.A. acquired a new stake in shares of Fox Factory in the 4th quarter valued at about $233,000. Finally, Aperio Group LLC acquired a new stake in shares of Fox Factory in the 3rd quarter valued at about $237,000. Institutional investors own 98.07% of the company’s stock.
In related news, CEO Larry L. Enterline sold 75,000 shares of the firm’s 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 transaction, the chief executive officer now owns 124,934 shares of the company’s stock, valued at approximately $4,757,486.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 21.40% of the stock is currently owned by company insiders.
Several brokerages have recently commented on FOXF. BidaskClub downgraded Fox Factory from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. DA Davidson upgraded Fox Factory from a “neutral” rating to a “buy” rating in a research note on Thursday, February 8th. Zacks Investment Research downgraded Fox Factory from a “buy” rating to a “hold” rating and set a $45.00 target price for the company. in a research note on Thursday, January 18th. Stifel Nicolaus restated a “hold” rating and issued a $44.00 target price on shares of Fox Factory in a research note on Sunday, December 3rd. Finally, ValuEngine downgraded Fox Factory from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.67.
Fox Factory Holding Corp (FOXF) opened at $37.35 on Wednesday. Fox Factory Holding Corp has a 1 year low of $25.74 and a 1 year high of $46.80. The firm has a market cap of $1,383.99, a PE ratio of 33.95, a P/E/G ratio of 1.70 and a beta of 0.57. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.35 and a quick ratio of 1.37.
Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.05. Fox Factory had a net margin of 9.07% and a return on equity of 27.95%. The business had revenue of $121.09 million for the quarter, compared to analysts’ expectations of $118.84 million. equities analysts expect that Fox Factory Holding Corp will post 1.78 earnings per share for the current year.
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Fox Factory 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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