Barclays PLC Grows Position in Fox Factory Holding Corp (NASDAQ:FOXF)

Barclays PLC increased its position in Fox Factory Holding Corp (NASDAQ:FOXF) by 18.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 51,236 shares of the company’s stock after purchasing an additional 8,007 shares during the quarter. Barclays PLC’s holdings in Fox Factory were worth $3,189,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FOXF. California State Teachers Retirement System increased its position in Fox Factory by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 58,641 shares of the company’s stock valued at $3,650,000 after buying an additional 701 shares in the last quarter. Stifel Financial Corp increased its position in Fox Factory by 193.5% during the 3rd quarter. Stifel Financial Corp now owns 158,855 shares of the company’s stock valued at $9,868,000 after buying an additional 104,727 shares in the last quarter. Great Lakes Advisors LLC increased its position in Fox Factory by 5.5% during the 3rd quarter. Great Lakes Advisors LLC now owns 61,091 shares of the company’s stock valued at $3,803,000 after buying an additional 3,177 shares in the last quarter. Mason Street Advisors LLC increased its position in Fox Factory by 2.4% during the 3rd quarter. Mason Street Advisors LLC now owns 13,047 shares of the company’s stock valued at $812,000 after buying an additional 306 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its position in Fox Factory by 29.6% during the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 3,762 shares of the company’s stock valued at $234,000 after buying an additional 859 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

In other news, CFO Zvi Glasman sold 7,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $67.94, for a total value of $475,580.00. Following the transaction, the chief financial officer now directly owns 20,284 shares in the company, valued at $1,378,094.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Larry L. Enterline sold 30,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $67.76, for a total value of $2,032,800.00. The disclosure for this sale can be found here. Insiders have sold 124,201 shares of company stock worth $8,218,378 over the last quarter. 2.30% of the stock is owned by company insiders.

Fox Factory stock opened at $66.19 on Tuesday. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 1.49 and a beta of 1.38. The stock has a fifty day simple moving average of $64.05 and a two-hundred day simple moving average of $70.58. Fox Factory Holding Corp has a 12 month low of $52.58 and a 12 month high of $86.91. The company has a current ratio of 2.92, a quick ratio of 1.64 and a debt-to-equity ratio of 0.18.

Fox Factory (NASDAQ:FOXF) last posted its earnings results on Wednesday, October 30th. The company reported $0.83 EPS for the quarter, topping 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%. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 EPS. On average, equities research analysts forecast that Fox Factory Holding Corp will post 2.68 EPS for the current fiscal year.

A number of research analysts recently weighed in on the company. SunTrust Banks raised their price objective on Fox Factory to $68.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. BidaskClub raised Fox Factory from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 27th. Zacks Investment Research lowered Fox Factory from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, ValuEngine lowered Fox Factory from a “buy” rating to a “hold” rating in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $74.50.

Fox Factory 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.

Further Reading: Why do company’s buyback their stock?

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

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