GW&K Investment Management LLC increased its position in Fox Factory Holding Corp (NASDAQ:FOXF) by 16.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 154,717 shares of the company’s stock after acquiring an additional 22,226 shares during the quarter. GW&K Investment Management LLC’s holdings in Fox Factory were worth $6,011,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of FOXF. Ameritas Investment Partners Inc. boosted its stake in Fox Factory by 76.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,076 shares of the company’s stock worth $110,000 after purchasing an additional 1,332 shares during the period. SG Americas Securities LLC bought a new position in Fox Factory in the 2nd quarter worth about $111,000. Pinebridge Investments L.P. boosted its stake in Fox Factory by 20.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,564 shares of the company’s stock worth $163,000 after purchasing an additional 778 shares during the period. Amalgamated Bank bought a new position in Fox Factory in the 3rd quarter worth about $209,000. Finally, Polen Capital Management LLC bought a new position in Fox Factory in the 3rd quarter worth about $225,000. Institutional investors and hedge funds own 98.71% of the company’s stock.
Several research analysts have commented on FOXF shares. Bank of America raised their target price on Fox Factory from $42.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 24th. William Blair downgraded Fox Factory from an “outperform” rating to a “market perform” rating in a research note on Friday, October 13th. Zacks Investment Research downgraded Fox Factory from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. SunTrust Banks restated a “hold” rating and issued a $36.00 target price on shares of Fox Factory in a research note on Friday, October 20th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $44.00 target price on shares of Fox Factory in a research note on Sunday, December 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.43.
Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.02. The firm had revenue of $127.40 million during the quarter, compared to the consensus estimate of $123.02 million. Fox Factory had a return on equity of 28.25% and a net margin of 10.76%. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter last year, the company posted $0.44 EPS. sell-side analysts forecast that Fox Factory Holding Corp will post 1.53 earnings per share for the current year.
In related news, CEO Larry L. Enterline sold 75,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $38.08, for a total transaction of $2,856,000.00. Following the transaction, the chief executive officer now directly owns 124,934 shares of the company’s stock, valued at approximately $4,757,486.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Zvi Glasman sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $39.37, for a total value of $393,700.00. Following the transaction, the chief financial officer now directly owns 160,331 shares in the company, valued at $6,312,231.47. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,000 shares of company stock valued at $3,845,500. Corporate insiders own 21.40% of the company’s stock.
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Fox Factory Profile
Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.
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