Magnetar Financial LLC Buys Shares of 5,589 Fox Factory Holding Corp. (NASDAQ:FOXF)

Magnetar Financial LLC bought a new stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,589 shares of the company’s stock, valued at approximately $291,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quest Partners LLC bought a new stake in Fox Factory in the 4th quarter worth approximately $31,000. GAMMA Investing LLC purchased a new position in shares of Fox Factory during the 4th quarter valued at $29,000. CWM LLC lifted its stake in shares of Fox Factory by 54.1% during the 4th quarter. CWM LLC now owns 624 shares of the company’s stock valued at $42,000 after buying an additional 219 shares in the last quarter. TFO Wealth Partners LLC lifted its stake in shares of Fox Factory by 14,180.0% during 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. Finally, YHB Investment Advisors Inc. purchased a new position in shares of Fox Factory during the 1st quarter valued at $42,000.

Fox Factory Trading Up 0.8 %

NASDAQ:FOXF traded up $0.42 during mid-day trading on Monday, hitting $52.50. 9,741 shares of the stock traded hands, compared to its average volume of 609,185. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 2.21 and a beta of 1.66. Fox Factory Holding Corp. has a 52 week low of $37.98 and a 52 week high of $117.68. The firm’s 50 day moving average is $47.34 and its two-hundred day moving average is $50.86. 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 released its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.10. Fox Factory had a net margin of 5.41% and a return on equity of 10.56%. The company had revenue of $333.50 million during the quarter, compared to analysts’ expectations of $327.58 million. During the same period in the previous year, the company earned $1.20 EPS. The firm’s quarterly revenue was down 16.6% on a year-over-year basis. On average, equities research analysts predict that Fox Factory Holding Corp. will post 2.4 earnings per share for the current year.

Insider Transactions at Fox Factory

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. B. Riley lowered their target price on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Bank of America lowered their target price on shares of Fox Factory from $55.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, May 6th. Roth Mkm decreased their price target on shares of Fox Factory from $55.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Robert W. Baird decreased their price target on shares of Fox Factory from $55.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Finally, Truist Financial boosted their price target on shares of Fox Factory from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Fox Factory presently has an average rating of “Hold” and an average target price of $47.67.

Fox Factory 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.