Fox Factory (NASDAQ:FOXF) Stock: Insider Toby Merchant Sells 1,375 Shares

Fox Factory Holding Corp. (NASDAQ:FOXF) insider Toby Merchant sold 1,375 shares of the firm’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $18.43, for a total transaction of $25,341.25. Following the completion of the sale, the insider owned 56,384 shares of the company’s stock, valued at approximately $1,039,157.12. The trade was a 2.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Fox Factory Stock Performance

FOXF traded up $0.13 during trading on Friday, reaching $17.45. The company’s stock had a trading volume of 467,150 shares, compared to its average volume of 1,508,016. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.37 and a current ratio of 2.82. The company’s fifty day moving average price is $17.83 and its 200-day moving average price is $18.06. Fox Factory Holding Corp. has a 52-week low of $13.08 and a 52-week high of $22.09. The company has a market capitalization of $733.42 million, a price-to-earnings ratio of -1.79, a price-to-earnings-growth ratio of 1.05 and a beta of 1.39.

Fox Factory (NASDAQ:FOXF) last issued its earnings results on Thursday, November 5th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.22. Fox Factory had a positive return on equity of 8.43% and a negative net margin of 28.58%. The business had revenue of $338.41 million during the quarter, compared to the consensus estimate of $337.56 million. During the same period in the prior year, the business posted $0.23 EPS. The company’s revenue for the quarter was down 10.1% on a year-over-year basis. On average, equities analysts forecast that Fox Factory Holding Corp. will post 1.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Roth Capital reissued a “neutral” rating and issued a $17.00 target price on shares of Fox Factory in a report on Monday, October 19th. Stifel Nicolaus set a $25.00 price objective on shares of Fox Factory in a research note on Wednesday, September 30th. Zacks Research cut Fox Factory from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 20th. Weiss Ratings raised Fox Factory from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 6th. Finally, B. Riley Financial reduced their price objective on shares of Fox Factory from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.60.

Institutional Trading of Fox Factory

A number of institutional investors and hedge funds have recently made changes to their positions in FOXF. Public Employees Retirement System of Ohio acquired a new position in Fox Factory in the second quarter valued at $41,000. Quantbot Technologies LP purchased a new stake in Fox Factory during the second quarter valued at about $48,000. Versant Capital Management Inc grew its position in Fox Factory by 49.8% during the third quarter. Versant Capital Management Inc now owns 3,054 shares of the company’s stock valued at $56,000 after acquiring an additional 1,015 shares during the period. GAMMA Investing LLC grew its position in Fox Factory by 62.1% during the third quarter. GAMMA Investing LLC now owns 3,802 shares of the company’s stock valued at $70,000 after acquiring an additional 1,456 shares during the period. Finally, Byrne Asset Management LLC acquired a new stake in Fox Factory during the third quarter worth about $156,000.

About Fox Factory

Fox Factory Holding Corp. designs, engineers and manufactures ride-dynamics and performance products for vehicles and outdoor recreation. Its offerings include suspension systems and components used in mountain bikes, motorcycles, off-road vehicles, trucks and other applications. The company sells products under brands including FOX, Marzocchi, Race Face and Easton. Its portfolio serves original equipment manufacturers as well as aftermarket customers, with products distributed in markets around the world.