Fox Factory Holding Corp. (NASDAQ:FOXF) CEO Buys $198,912.00 in Stock

Fox Factory Holding Corp. (NASDAQ:FOXF) CEO Michael C. Dennison acquired 4,800 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average cost of $41.44 per share, for a total transaction of $198,912.00. Following the transaction, the chief executive officer now owns 135,066 shares of the company’s stock, valued at $5,597,135.04. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Fox Factory Price Performance

NASDAQ:FOXF opened at $40.31 on Friday. Fox Factory Holding Corp. has a 12-month low of $37.48 and a 12-month high of $117.68. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of 2.10 and a beta of 1.66. The stock’s 50 day moving average price is $47.42 and its two-hundred day moving average price is $49.83. The company has a quick ratio of 1.85, a current ratio of 3.43 and a debt-to-equity ratio of 0.63.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. Fox Factory had a return on equity of 7.62% and a net margin of 3.07%. The business had revenue of $348.49 million for the quarter, compared to analysts’ expectations of $346.22 million. During the same quarter in the prior year, the business earned $1.21 EPS. The firm’s revenue for the quarter was down 13.0% on a year-over-year basis. On average, analysts anticipate that Fox Factory Holding Corp. will post 2.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on FOXF shares. B. Riley cut their price target on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Bank of America dropped their target price on Fox Factory from $55.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday, May 6th. Robert W. Baird decreased their price target on Fox Factory from $48.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Roth Mkm dropped their price objective on Fox Factory from $55.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Finally, Stifel Nicolaus cut their price objective on Fox Factory from $56.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Fox Factory currently has a consensus rating of “Hold” and an average target price of $47.00.

Institutional Trading of Fox Factory

Several hedge funds and other institutional investors have recently modified their holdings of FOXF. GAMMA Investing LLC acquired a new stake in Fox Factory during the fourth quarter worth approximately $29,000. Quest Partners LLC bought a new position in shares of Fox Factory during the fourth quarter worth approximately $31,000. CWM LLC lifted its holdings in Fox Factory by 54.1% during the 4th quarter. CWM LLC now owns 624 shares of the company’s stock worth $42,000 after purchasing an additional 219 shares during the last quarter. YHB Investment Advisors Inc. bought a new stake in Fox Factory in the 1st quarter valued at $42,000. Finally, TFO Wealth Partners LLC grew its holdings in Fox Factory by 14,180.0% in the 4th quarter. TFO Wealth Partners LLC now owns 714 shares of the company’s stock valued at $48,000 after buying an additional 709 shares in the last quarter.

About Fox Factory

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.