Fox Factory Holding Corp. (NASDAQ:FOXF) Director Elizabeth A. Fetter Buys 600 Shares

Fox Factory Holding Corp. (NASDAQ:FOXF) Director Elizabeth A. Fetter purchased 600 shares of the business’s stock in a transaction on Monday, November 25th. The stock was acquired at an average price of $34.03 per share, with a total value of $20,418.00. Following the purchase, the director now directly owns 7,873 shares in the company, valued at $267,918.19. This represents a 8.25 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Fox Factory Stock Up 1.8 %

Fox Factory stock opened at $32.30 on Friday. Fox Factory Holding Corp. has a 52 week low of $30.92 and a 52 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 business’s 50-day moving average price is $37.35 and its 200 day moving average price is $42.17. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62.

Fox Factory (NASDAQ:FOXF) last announced 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). Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The business had revenue of $359.10 million for the quarter, compared to analyst estimates of $366.86 million. During the same period last year, the firm earned $1.05 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its position in shares of Fox Factory by 26.5% during the second quarter. Fifth Third Bancorp now owns 1,245 shares of the company’s stock valued at $60,000 after acquiring an additional 261 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Fox Factory by 86.0% during the 3rd quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock worth $25,000 after purchasing an additional 277 shares during the period. KBC Group NV increased its holdings in Fox Factory by 36.5% in the 3rd quarter. KBC Group NV now owns 1,377 shares of the company’s stock valued at $57,000 after purchasing an additional 368 shares during the last quarter. Park Avenue Securities LLC increased its holdings in Fox Factory by 7.3% in the 3rd quarter. Park Avenue Securities LLC now owns 6,023 shares of the company’s stock valued at $250,000 after purchasing an additional 410 shares during the last quarter. Finally, FORA Capital LLC raised its position in Fox Factory by 5.9% in the third quarter. FORA Capital LLC now owns 9,117 shares of the company’s stock valued at $378,000 after purchasing an additional 507 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FOXF shares. Robert W. Baird dropped their price objective on Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday. Bank of America cut their price target on Fox Factory from $53.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Roth Mkm decreased their price objective on Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Finally, B. Riley cut their target price on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $41.50.

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.