Skylands Capital LLC lowered its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 91.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,050 shares of the company’s stock after selling 72,050 shares during the period. Skylands Capital LLC’s holdings in Fox Factory Holding Corp. were worth $251,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of FOXF. LS Investment Advisors LLC raised its stake in shares of Fox Factory Holding Corp. by 261.7% in the first quarter. LS Investment Advisors LLC now owns 3,711 shares of the company’s stock worth $107,000 after buying an additional 2,685 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Fox Factory Holding Corp. by 22.8% in the first quarter. State of Alaska Department of Revenue now owns 3,830 shares of the company’s stock worth $109,000 after buying an additional 710 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Fox Factory Holding Corp. by 11.3% in the first quarter. Victory Capital Management Inc. now owns 5,003 shares of the company’s stock worth $144,000 after buying an additional 509 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Fox Factory Holding Corp. by 16.2% in the first quarter. BNP Paribas Arbitrage SA now owns 6,847 shares of the company’s stock worth $197,000 after buying an additional 955 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Fox Factory Holding Corp. during the first quarter worth $211,000. 97.05% of the stock is owned by hedge funds and other institutional investors.
Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) traded up 3.32% on Friday, hitting $38.95. The stock had a trading volume of 357,931 shares. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 34.78 and a beta of 0.69. Fox Factory Holding Corp. has a 12-month low of $18.09 and a 12-month high of $39.22. The stock has a 50 day moving average of $35.64 and a 200 day moving average of $30.60.
Fox Factory Holding Corp. (NASDAQ:FOXF) last posted its earnings results on Thursday, August 3rd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. Fox Factory Holding Corp. had a net margin of 10.01% and a return on equity of 30.07%. The firm had revenue of $120.80 million during the quarter, compared to analysts’ expectations of $117.16 million. During the same quarter in the prior year, the firm earned $0.32 EPS. Fox Factory Holding Corp.’s quarterly revenue was up 18.1% on a year-over-year basis. Equities analysts predict that Fox Factory Holding Corp. will post $1.44 earnings per share for the current fiscal year.
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FOXF has been the subject of a number of research analyst reports. Zacks Investment Research raised Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Wednesday, April 26th. DA Davidson lowered Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $34.00 target price for the company. in a research report on Wednesday, May 17th. CL King lowered Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a research report on Thursday, June 1st. ValuEngine raised Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub raised Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 29th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $31.71.
In other news, CFO Zvi Glasman sold 40,000 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $31.67, for a total value of $1,266,800.00. Following the completion of the transaction, the chief financial officer now directly owns 62,100 shares in the company, valued at $1,966,707. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP William H. Katherman sold 11,878 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $33.01, for a total transaction of $392,092.78. Following the completion of the transaction, the senior vice president now owns 18,000 shares of the company’s stock, valued at $594,180. The disclosure for this sale can be found here. In the last 90 days, insiders sold 216,170 shares of company stock valued at $7,020,981. 21.40% of the stock is owned by insiders.
About Fox Factory Holding Corp.
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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