Macquarie Group Ltd. reduced its stake in Fox Factory Holding Corp (NASDAQ:FOXF) by 17.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 35,542 shares of the company’s stock after selling 7,274 shares during the quarter. Macquarie Group Ltd. owned 0.09% of Fox Factory worth $1,532,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Ameritas Investment Partners Inc. boosted its holdings in shares of 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 buying an additional 1,332 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Fox Factory in the 2nd quarter worth about $111,000. LS Investment Advisors LLC boosted its holdings in shares of Fox Factory by 7.5% in the 2nd quarter. LS Investment Advisors LLC now owns 3,990 shares of the company’s stock worth $142,000 after buying an additional 279 shares during the last quarter. Paradigm Asset Management Co. LLC purchased a new position in shares of Fox Factory in the 2nd quarter worth about $160,000. Finally, Pinebridge Investments L.P. boosted its holdings in shares of 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 buying an additional 778 shares during the last quarter. 98.07% of the stock is currently owned by institutional investors.
In other 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 transaction of $780,545.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 21.40% of the company’s stock.
A number of equities research analysts recently issued reports on the company. Bank of America boosted their price objective on Fox Factory from $42.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, October 24th. Zacks Investment Research cut Fox Factory from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. William Blair cut Fox Factory from an “outperform” rating to a “market perform” rating in a research note on Friday, October 13th. ValuEngine upgraded Fox Factory from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, SunTrust Banks restated a “hold” rating and issued a $36.00 price objective on shares of Fox Factory in a research note on Friday, October 20th. Eight equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $39.29.
Shares of Fox Factory Holding Corp (NASDAQ:FOXF) opened at $39.55 on Friday. Fox Factory Holding Corp has a 52 week low of $25.25 and a 52 week high of $46.80. The stock has a market capitalization of $1,466.02, a PE ratio of 25.69, a P/E/G ratio of 1.84 and a beta of 0.62. The company has a quick ratio of 1.41, a current ratio of 2.48 and a debt-to-equity ratio of 0.26.
Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data 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. Fox Factory had a return on equity of 28.25% and a net margin of 10.76%. The business had revenue of $127.40 million for the quarter, compared to analysts’ expectations of $123.02 million. During the same period in the previous year, the business posted $0.44 EPS. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. equities analysts anticipate that Fox Factory Holding Corp will post 1.53 earnings per share for the current fiscal year.
About Fox Factory
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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