Elizabeth A. Fetter Buys 600 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) Stock

Fox Factory Holding Corp. (NASDAQ:FOXF) Director Elizabeth A. Fetter bought 600 shares of the company’s stock in a transaction on Monday, November 25th. The stock was bought at an average price of $34.03 per share, for a total transaction of $20,418.00. Following the completion of the purchase, the director now directly owns 7,873 shares in the company, valued at approximately $267,918.19. This represents a 8.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Fox Factory Price Performance

Shares of FOXF opened at $32.30 on Thursday. The company has a market capitalization of $1.35 billion, a P/E ratio of 124.24, a P/E/G ratio of 2.72 and a beta of 1.65. The business’s 50-day moving average is $37.50 and its two-hundred day moving average is $42.24. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. Fox Factory Holding Corp. has a fifty-two week low of $30.92 and a fifty-two week high of $70.13.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). The company had revenue of $359.10 million during the quarter, compared to analyst estimates of $366.86 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.05 earnings per share. Research analysts predict that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Institutional Investors Weigh In On Fox Factory

A number of institutional investors have recently added to or reduced their stakes in FOXF. GAMMA Investing LLC raised its holdings in shares of Fox Factory by 86.0% during the third quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock valued at $25,000 after acquiring an additional 277 shares during the last quarter. Signaturefd LLC boosted its stake in Fox Factory by 301.1% during the 3rd quarter. Signaturefd LLC now owns 726 shares of the company’s stock worth $30,000 after purchasing an additional 545 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of Fox Factory during the third quarter worth $42,000. KBC Group NV raised its position in shares of Fox Factory by 36.5% in the third quarter. KBC Group NV now owns 1,377 shares of the company’s stock valued at $57,000 after buying an additional 368 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Fox Factory by 26.5% in the second quarter. Fifth Third Bancorp now owns 1,245 shares of the company’s stock worth $60,000 after buying an additional 261 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have issued reports on FOXF shares. Bank of America dropped their target price on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Roth Mkm dropped their price objective on Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Truist Financial lowered their target price on shares of Fox Factory from $54.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, November 1st. B. Riley reduced their target price on Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Robert W. Baird decreased their price objective on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $41.50.

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.