26,136 Shares in Fox Factory Holding Corp (FOXF) Purchased by Convergence Investment Partners LLC

Convergence Investment Partners LLC purchased a new position in shares of Fox Factory Holding Corp (NASDAQ:FOXF) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 26,136 shares of the company’s stock, valued at approximately $1,126,000. Convergence Investment Partners LLC owned approximately 0.07% of Fox Factory as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Alps Advisors Inc. grew its position in Fox Factory by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 18,036 shares of the company’s stock worth $642,000 after acquiring an additional 47 shares during the last quarter. Texas Permanent School Fund grew its position in Fox Factory by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 25,294 shares of the company’s stock worth $900,000 after acquiring an additional 196 shares during the last quarter. Prudential Financial Inc. grew its position in Fox Factory by 0.3% during the 2nd quarter. Prudential Financial Inc. now owns 57,980 shares of the company’s stock worth $2,064,000 after acquiring an additional 200 shares during the last quarter. LS Investment Advisors LLC grew its position in Fox Factory by 7.5% during the 2nd quarter. LS Investment Advisors LLC now owns 3,990 shares of the company’s stock worth $142,000 after acquiring an additional 279 shares during the last quarter. Finally, Gotham Asset Management LLC grew its position in Fox Factory by 2.7% during the 2nd quarter. Gotham Asset Management LLC now owns 11,556 shares of the company’s stock worth $411,000 after acquiring an additional 300 shares during the last quarter. 98.07% of the stock is owned by institutional investors.

In other Fox Factory news, SVP William H. Katherman sold 18,580 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $42.01, for a total value of $780,545.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 21.40% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research lowered Fox Factory from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. SunTrust Banks restated a “hold” rating and set a $36.00 price objective on shares of Fox Factory in a research report on Friday, October 20th. William Blair lowered Fox Factory from an “outperform” rating to a “market perform” rating in a research report on Friday, October 13th. ValuEngine lowered Fox Factory from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Robert W. Baird restated a “hold” rating and set a $40.00 price objective on shares of Fox Factory in a research report on Thursday, September 28th. Eight analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Fox Factory currently has a consensus rating of “Hold” and an average target price of $39.29.

Shares of Fox Factory Holding Corp (NASDAQ FOXF) opened at $39.05 on Thursday. Fox Factory Holding Corp has a 52-week low of $25.25 and a 52-week high of $46.80. The company has a market capitalization of $1,466.02, a PE ratio of 25.69, a price-to-earnings-growth ratio of 1.84 and a beta of 0.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.48 and a quick ratio of 1.41.

Fox Factory (NASDAQ:FOXF) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Fox Factory had a return on equity of 28.25% and a net margin of 10.76%. The firm had revenue of $127.40 million for the quarter, compared to analyst estimates of $123.02 million. During the same quarter in the previous year, the company posted $0.44 EPS. The business’s revenue was up 16.9% on a year-over-year basis. equities research analysts expect that Fox Factory Holding Corp will post 1.53 earnings per share for the current fiscal year.

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Fox Factory Company 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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Institutional Ownership by Quarter for Fox Factory (NASDAQ:FOXF)

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