Silvercrest Asset Management Group LLC Purchases 535 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Silvercrest Asset Management Group LLC lifted its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 0.4% in the first quarter, HoldingsChannel reports. The fund owned 126,945 shares of the company’s stock after buying an additional 535 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Fox Factory were worth $6,610,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in Fox Factory in the fourth quarter worth $29,000. Quest Partners LLC acquired a new stake in Fox Factory in the fourth quarter worth $31,000. CWM LLC raised its holdings in Fox Factory by 54.1% in the fourth quarter. CWM LLC now owns 624 shares of the company’s stock worth $42,000 after purchasing an additional 219 shares during the period. YHB Investment Advisors Inc. acquired a new stake in Fox Factory in the first quarter worth $42,000. Finally, TFO Wealth Partners LLC raised its holdings in Fox Factory by 14,180.0% in the fourth quarter. TFO Wealth Partners LLC now owns 714 shares of the company’s stock worth $48,000 after purchasing an additional 709 shares during the period.

Analysts Set New Price Targets

FOXF has been the topic of several analyst reports. Robert W. Baird cut their target price on shares of Fox Factory from $55.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Truist Financial raised their price objective on shares of Fox Factory from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, June 13th. Roth Mkm dropped their price objective on shares of Fox Factory from $55.00 to $45.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. B. Riley dropped their price objective on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Finally, Stifel Nicolaus dropped their price objective on shares of Fox Factory from $56.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, April 24th. 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 stock. Based on data from MarketBeat, Fox Factory has an average rating of “Hold” and an average target price of $47.67.

Insider Buying and Selling

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

Fox Factory Stock Up 0.0 %

Fox Factory stock traded up $0.02 during mid-day trading on Tuesday, reaching $52.63. The company’s stock had a trading volume of 200,271 shares, compared to its average volume of 608,857. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 29.39, a price-to-earnings-growth ratio of 2.21 and a beta of 1.66. Fox Factory Holding Corp. has a 12 month low of $37.98 and a 12 month high of $117.68. The business’s 50 day simple moving average is $47.47 and its 200 day simple moving average is $50.76. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.85 and a current ratio of 3.43.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $327.58 million. During the same quarter last year, the firm posted $1.20 EPS. The company’s quarterly revenue was down 16.6% on a year-over-year basis. As a group, research analysts anticipate that Fox Factory Holding Corp. will post 2.4 earnings per share for the current year.

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.