Fox Factory Holding Corp. (NASDAQ:FOXF) reached a new 52-week high during trading on Wednesday . The company traded as high as $41.95 and last traded at $42.00, with a volume of 124,147 shares traded. The stock had previously closed at $40.75.

Several research analysts have recently weighed in on FOXF shares. Zacks Investment Research cut shares of Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Stifel Nicolaus reiterated a “hold” rating and set a $38.00 price target (up previously from $32.00) on shares of Fox Factory Holding Corp. in a research note on Wednesday, August 9th. BidaskClub upgraded shares of Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 29th. CL King cut shares of Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, June 1st. Finally, Bank of America Corporation cut shares of Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $38.00 price target on the stock. in a research note on Wednesday, July 12th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $35.67.

The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 33.060 and a beta of 0.68. The firm has a 50-day moving average of $38.55 and a 200 day moving average of $33.07.

Fox Factory Holding Corp. (NASDAQ:FOXF) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. The firm had revenue of $120.80 million for the quarter, compared to analyst estimates of $117.16 million. Fox Factory Holding Corp. had a net margin of 10.67% and a return on equity of 29.60%. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 earnings per share. On average, equities analysts forecast that Fox Factory Holding Corp. will post $1.50 earnings per share for the current fiscal year.

In related news, CFO Zvi Glasman sold 15,500 shares of the stock in a transaction on Friday, August 18th. The shares were sold at an average price of $37.65, for a total transaction of $583,575.00. Following the sale, the chief financial officer now directly owns 59,100 shares of the company’s stock, valued at $2,225,115. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carl Nichols sold 6,503 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $37.89, for a total transaction of $246,398.67. Following the sale, the director now directly owns 36,410 shares in the company, valued at $1,379,574.90. The disclosure for this sale can be found here. Insiders sold 52,159 shares of company stock worth $1,985,742 in the last quarter. Company insiders own 21.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Navellier & Associates Inc purchased a new stake in Fox Factory Holding Corp. during the second quarter worth $718,000. Piedmont Investment Advisors LLC purchased a new stake in Fox Factory Holding Corp. during the second quarter worth $267,000. Ameritas Investment Partners Inc. boosted its holdings in Fox Factory Holding Corp. by 76.4% during the second 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 in the last quarter. California State Teachers Retirement System boosted its holdings in Fox Factory Holding Corp. by 41.1% during the second quarter. California State Teachers Retirement System now owns 62,124 shares of the company’s stock worth $2,212,000 after buying an additional 18,100 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Fox Factory Holding Corp. by 54.3% during the second quarter. The Manufacturers Life Insurance Company now owns 27,622 shares of the company’s stock worth $984,000 after buying an additional 9,721 shares in the last quarter. 97.03% of the stock is currently owned by hedge funds and other institutional investors.

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About Fox Factory Holding Corp.

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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