South Dakota Investment Council decreased its position in Fox Factory Holding Corp (NASDAQ:FOXF) by 31.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,900 shares of the company’s stock after selling 15,000 shares during the period. South Dakota Investment Council owned about 0.09% of Fox Factory worth $1,418,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FOXF. Ameritas Investment Partners Inc. increased its holdings 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 buying an additional 1,332 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Fox Factory during the second quarter worth about $111,000. LS Investment Advisors LLC increased its stake in shares of Fox Factory by 7.5% during the second quarter. LS Investment Advisors LLC now owns 3,990 shares of the company’s stock worth $142,000 after purchasing an additional 279 shares in the last quarter. Paradigm Asset Management Co. LLC purchased a new stake in shares of Fox Factory during the second quarter worth about $160,000. Finally, Pinebridge Investments L.P. increased its stake 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 worth $163,000 after purchasing an additional 778 shares in the last quarter. 97.47% of the stock is owned by institutional investors.
In related news, SVP William H. Katherman sold 18,580 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were 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 Securities & Exchange Commission, which is available at this link. 21.40% of the stock is currently owned by corporate insiders.
A number of analysts have recently commented on the stock. Zacks Investment Research cut shares of Fox Factory from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. 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. Bank of America Corporation boosted 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. Stifel Nicolaus reissued a “hold” rating and set a $38.00 target price (up previously from $32.00) on shares of Fox Factory in a research note on Wednesday, August 9th. Finally, William Blair cut shares of Fox Factory from an “outperform” rating to a “market perform” rating in a research note on Friday, October 13th. Nine equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $39.29.
Shares of Fox Factory Holding Corp (NASDAQ:FOXF) opened at $38.05 on Monday. Fox Factory Holding Corp has a one year low of $24.15 and a one year high of $46.80. The stock has a market cap of $1,428.47, a PE ratio of 25.03, a P/E/G ratio of 1.80 and a beta of 0.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.41 and a current ratio of 2.48.
Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. Fox Factory had a net margin of 12.62% and a return on equity of 28.98%. The company had revenue of $127.40 million during the quarter, compared to analysts’ expectations of $123.02 million. During the same quarter in the prior year, the company earned $0.44 EPS. Fox Factory’s revenue was up 16.9% compared to the same quarter last year. equities analysts expect that Fox Factory Holding Corp will post 1.53 earnings per share for the current year.
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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.
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