NBW Capital LLC lessened its stake in shares of Fox Factory Holding Corp (NASDAQ:FOXF) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,594 shares of the company’s stock after selling 2,692 shares during the quarter. NBW Capital LLC owned 0.16% of Fox Factory worth $3,896,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new stake in Fox Factory during the second quarter worth approximately $60,000. Squar Milner Financial Services LLC increased its holdings in shares of Fox Factory by 914.4% in the 3rd quarter. Squar Milner Financial Services LLC now owns 913 shares of the company’s stock valued at $56,000 after acquiring an additional 823 shares during the period. Convergence Investment Partners LLC acquired a new position in shares of Fox Factory in the 2nd quarter valued at $145,000. Cim LLC acquired a new position in shares of Fox Factory in the 2nd quarter valued at $217,000. Finally, Marco Investment Management LLC acquired a new position in shares of Fox Factory in the 2nd quarter valued at $219,000. 99.97% of the stock is owned by institutional investors.
A number of equities analysts recently weighed in on the stock. BidaskClub lowered shares of Fox Factory from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 29th. SunTrust Banks lifted their price objective on shares of Fox Factory to $68.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Zacks Investment Research downgraded shares of Fox Factory from a “buy” rating to a “hold” rating in a research note on Monday. ValuEngine downgraded shares of Fox Factory from a “buy” rating to a “hold” rating in a research note on Thursday, September 19th. Finally, Bank of America reissued a “neutral” rating and issued a $86.00 target price (up previously from $78.00) on shares of Fox Factory in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $74.50.
Shares of NASDAQ:FOXF traded up $2.11 on Thursday, hitting $65.90. The company’s stock had a trading volume of 4,589 shares, compared to its average volume of 233,710. The stock’s 50-day moving average is $62.75 and its two-hundred day moving average is $72.08. Fox Factory Holding Corp has a 12 month low of $52.58 and a 12 month high of $86.91. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 1.42 and a beta of 1.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.64 and a current ratio of 2.92.
Fox Factory (NASDAQ:FOXF) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.04. The business had revenue of $211.32 million during the quarter, compared to analyst estimates of $205.90 million. Fox Factory had a return on equity of 29.00% and a net margin of 12.56%. Fox Factory’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter last year, the company posted $0.72 EPS. Equities analysts expect that Fox Factory Holding Corp will post 2.68 earnings per share for the current fiscal year.
In related news, Director Larry L. Enterline sold 42,794 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $64.00, for a total value of $2,738,816.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Zvi Glasman sold 13,583 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $72.93, for a total value of $990,608.19. Following the completion of the transaction, the chief financial officer now directly owns 20,284 shares in the company, valued at $1,479,312.12. The disclosure for this sale can be found here. Insiders have sold a total of 140,245 shares of company stock valued at $9,391,635 over the last ninety days. Company insiders own 2.30% of the company’s stock.
Fox Factory Company Profile
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers front fork and rear suspension products for mountain bikes and road bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles.
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