Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Bought by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC raised its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 172.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,704 shares of the company’s stock after acquiring an additional 26,416 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Fox Factory were worth $2,172,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norden Group LLC lifted its holdings in Fox Factory by 3,378.1% in the 1st quarter. Norden Group LLC now owns 286,420 shares of the company’s stock valued at $14,914,000 after acquiring an additional 278,185 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Fox Factory by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 4,242,423 shares of the company’s stock worth $286,279,000 after buying an additional 46,132 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Fox Factory by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 421,003 shares of the company’s stock worth $28,409,000 after buying an additional 16,542 shares during the period. Partnership Wealth Management LLC acquired a new position in shares of Fox Factory in the first quarter worth about $859,000. Finally, CVA Family Office LLC acquired a new position in shares of Fox Factory in the fourth quarter worth about $55,000.

Analyst Ratings Changes

A number of analysts have recently issued reports on FOXF shares. Stifel Nicolaus reduced their price target on shares of Fox Factory from $56.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, April 24th. Truist Financial increased their price target on shares of Fox Factory from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Robert W. Baird reduced their price target on shares of Fox Factory from $55.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. B. Riley reduced their price target on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Finally, Bank of America reduced their price target on shares of Fox Factory from $55.00 to $48.00 and set a “neutral” rating for the company in a research report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Fox Factory currently has a consensus rating of “Hold” and a consensus target price of $47.67.

Insiders Place Their Bets

In other news, insider Thomas L. Fletcher sold 2,000 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $44.41, for a total value of $88,820.00. Following the sale, the insider now owns 11,311 shares in the company, valued at approximately $502,321.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Michael C. Dennison acquired 11,250 shares of the company’s stock in a transaction on Monday, June 10th. The stock was purchased at an average cost of $44.30 per share, with a total value of $498,375.00. Following the acquisition, the chief executive officer now owns 130,266 shares of the company’s stock, valued at approximately $5,770,783.80. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas L. Fletcher sold 2,000 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $44.41, for a total value of $88,820.00. Following the sale, the insider now directly owns 11,311 shares of the company’s stock, valued at $502,321.51. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Fox Factory Stock Performance

FOXF traded down $0.11 during trading on Wednesday, reaching $50.81. 487,356 shares of the company’s stock were exchanged, compared to its average volume of 619,539. Fox Factory Holding Corp. has a fifty-two week low of $37.98 and a fifty-two week high of $117.68. The company has a quick ratio of 1.85, a current ratio of 3.43 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average price of $47.06 and a 200 day moving average price of $51.85. The company has a market capitalization of $2.11 billion, a P/E ratio of 28.45, a PEG ratio of 2.09 and a beta of 1.66.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. Fox Factory had a net margin of 5.41% and a return on equity of 10.56%. The firm had revenue of $333.50 million for the quarter, compared to the consensus estimate of $327.58 million. During the same quarter in the previous year, the company earned $1.20 earnings per share. The business’s revenue was down 16.6% compared to the same quarter last year. As a group, analysts predict that Fox Factory Holding Corp. will post 2.4 earnings per share for the current fiscal year.

Fox Factory Company Profile

Fox Factory Holding Corp. designs, engineers, manufactures, and markets performance-defining products and system worldwide. The company offers powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks; lift kits and components with shock products and aftermarket accessory packages for trucks; and mid-end and high-end front fork and rear suspension products.