SG Americas Securities LLC increased its stake in shares of Fox Factory Holding Corp (NASDAQ:FOXF) by 36.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,621 shares of the company’s stock after acquiring an additional 3,899 shares during the quarter. SG Americas Securities LLC’s holdings in Fox Factory were worth $1,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its holdings in shares of Fox Factory by 5.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 632,103 shares of the company’s stock valued at $44,279,000 after buying an additional 33,484 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Fox Factory by 18.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 128,551 shares of the company’s stock valued at $9,005,000 after buying an additional 20,306 shares during the period. Teachers Advisors LLC boosted its holdings in shares of Fox Factory by 6.8% in the 3rd quarter. Teachers Advisors LLC now owns 72,471 shares of the company’s stock valued at $5,077,000 after buying an additional 4,633 shares during the period. Legal & General Group Plc boosted its holdings in shares of Fox Factory by 18.7% in the 3rd quarter. Legal & General Group Plc now owns 88,174 shares of the company’s stock valued at $6,176,000 after buying an additional 13,871 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Fox Factory by 38.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,909,215 shares of the company’s stock valued at $203,790,000 after buying an additional 806,477 shares during the period. Institutional investors and hedge funds own 99.60% of the company’s stock.
Fox Factory stock opened at $72.12 on Thursday. The company has a quick ratio of 1.29, a current ratio of 2.39 and a debt-to-equity ratio of 0.19. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 32.49, a PEG ratio of 1.67 and a beta of 1.14. Fox Factory Holding Corp has a 52-week low of $36.80 and a 52-week high of $79.46.
Fox Factory (NASDAQ:FOXF) last posted its earnings results on Wednesday, May 1st. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. The firm had revenue of $161.70 million during the quarter, compared to analyst estimates of $156.30 million. Fox Factory had a net margin of 12.43% and a return on equity of 30.57%. Fox Factory’s revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 EPS. Equities analysts forecast that Fox Factory Holding Corp will post 2.6 EPS for the current fiscal year.
Several research analysts have recently commented on FOXF shares. Zacks Investment Research lowered shares of Fox Factory from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 24th. BidaskClub lowered shares of Fox Factory from a “buy” rating to a “hold” rating in a report on Friday, January 25th. Finally, SunTrust Banks lifted their price target on shares of Fox Factory to $70.00 and gave the company a “hold” rating in a report on Thursday, May 2nd. They noted that the move was a valuation call. Four investment 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 has a consensus rating of “Buy” and a consensus target price of $66.57.
In other Fox Factory news, CFO Zvi Glasman sold 5,000 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $77.50, for a total transaction of $387,500.00. Following the completion of the transaction, the chief financial officer now directly owns 20,284 shares of the company’s stock, valued at approximately $1,572,010. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher Tutton sold 2,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $75.94, for a total transaction of $151,880.00. Following the transaction, the insider now directly owns 30,445 shares of the company’s stock, valued at $2,311,993.30. The disclosure for this sale can be found here. Insiders have sold a total of 215,395 shares of company stock valued at $14,007,901 over the last three months. 2.30% of the stock is currently owned by company insiders.
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Fox Factory Company 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.
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