D.B. Root & Company LLC grew its holdings in Fox Factory Holding Corp (NASDAQ:FOXF) by 52.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,192 shares of the company’s stock after buying an additional 2,142 shares during the quarter. D.B. Root & Company LLC’s holdings in Fox Factory were worth $430,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Squar Milner Financial Services LLC increased its stake in shares of Fox Factory by 914.4% in the third quarter. Squar Milner Financial Services LLC now owns 913 shares of the company’s stock valued at $56,000 after buying an additional 823 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Fox Factory in the second quarter valued at $60,000. PFG Advisors acquired a new stake in shares of Fox Factory in the fourth quarter valued at $216,000. Meeder Asset Management Inc. increased its stake in shares of Fox Factory by 849.7% in the third quarter. Meeder Asset Management Inc. now owns 3,647 shares of the company’s stock valued at $227,000 after buying an additional 3,263 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its stake in shares of Fox Factory by 29.6% in the third quarter. Vestmark Advisory Solutions Inc. now owns 3,762 shares of the company’s stock valued at $234,000 after buying an additional 859 shares in the last quarter.
Shares of FOXF stock opened at $68.29 on Wednesday. The stock has a 50-day moving average price of $67.34 and a 200 day moving average price of $69.69. The company has a quick ratio of 1.64, a current ratio of 2.92 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 1.39 and a beta of 1.41. Fox Factory Holding Corp has a 12 month low of $57.88 and a 12 month high of $86.91.
Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.04. The firm had revenue of $211.32 million during the quarter, compared to analyst estimates of $205.90 million. Fox Factory had a return on equity of 29.00% and a net margin of 12.56%. The company’s revenue was up 20.2% on a year-over-year basis. During the same period last year, the company earned $0.72 earnings per share. Sell-side analysts predict that Fox Factory Holding Corp will post 2.68 earnings per share for the current fiscal year.
In related news, Director Larry L. Enterline sold 42,794 shares of Fox Factory stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $64.00, for a total value of $2,738,816.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by company insiders.
A number of analysts recently commented on the company. SunTrust Banks lifted their price objective on Fox Factory to $68.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Zacks Investment Research lowered Fox Factory from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. ValuEngine lowered Fox Factory from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Finally, BidaskClub lowered Fox Factory from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating, Fox Factory currently has a consensus rating of “Hold” and an average price target of $74.50.
Fox Factory Company Profile
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers front fork and rear suspension products for mountain bikes and road bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles.
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