Fox Factory Holding Corp. (NASDAQ:FOXF) Director Acquires $20,418.00 in Stock

Fox Factory Holding Corp. (NASDAQ:FOXF) Director Elizabeth A. Fetter acquired 600 shares of the stock in a transaction dated Monday, November 25th. The shares were purchased at an average cost of $34.03 per share, with a total value of $20,418.00. Following the completion of the purchase, the director now owns 7,873 shares of the company’s stock, valued at approximately $267,918.19. The trade was a 8.25 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Fox Factory Price Performance

Shares of NASDAQ:FOXF opened at $32.30 on Friday. The business has a 50-day simple moving average of $37.35 and a two-hundred day simple moving average of $42.17. Fox Factory Holding Corp. has a fifty-two week low of $30.92 and a fifty-two week high of $70.13. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 124.24, a price-to-earnings-growth ratio of 2.63 and a beta of 1.65. 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 (NASDAQ:FOXF) last issued its earnings results on Thursday, October 31st. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.07). The company had revenue of $359.10 million during the quarter, compared to analysts’ expectations of $366.86 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.05 EPS. On average, analysts expect that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FOXF. StockNews.com upgraded Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday. Robert W. Baird reduced their target price on Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Bank of America reduced their price objective on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Truist Financial cut their target price on shares of Fox Factory from $54.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Roth Mkm decreased their price target on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $41.50.

Hedge Funds Weigh In On Fox Factory

Several institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. lifted its position in Fox Factory by 25,005.1% during the second quarter. Pacer Advisors Inc. now owns 1,585,136 shares of the company’s stock valued at $76,388,000 after purchasing an additional 1,578,822 shares in the last quarter. William Blair Investment Management LLC bought a new position in shares of Fox Factory in the second quarter worth about $53,294,000. Vanguard Group Inc. lifted its position in shares of Fox Factory by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 4,470,762 shares of the company’s stock valued at $232,793,000 after buying an additional 228,339 shares in the last quarter. Disciplined Growth Investors Inc. MN purchased a new position in shares of Fox Factory during the 3rd quarter valued at about $5,743,000. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Fox Factory by 25.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company’s stock valued at $32,483,000 after acquiring an additional 135,542 shares during the period.

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.