Comerica Bank decreased its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,363 shares of the company’s stock after selling 1,462 shares during the quarter. Comerica Bank owned approximately 0.10% of Fox Factory Holding Corp. worth $1,404,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in Fox Factory Holding Corp. by 125,617.7% in the 1st quarter. BlackRock Inc. now owns 3,522,611 shares of the company’s stock worth $101,099,000 after purchasing an additional 3,519,809 shares during the last quarter. Vanguard Group Inc. grew its position in Fox Factory Holding Corp. by 28.5% in the 1st quarter. Vanguard Group Inc. now owns 1,679,239 shares of the company’s stock worth $48,194,000 after purchasing an additional 372,551 shares during the last quarter. Conestoga Capital Advisors LLC grew its position in Fox Factory Holding Corp. by 6.3% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,577,516 shares of the company’s stock worth $56,160,000 after purchasing an additional 93,655 shares during the last quarter. Aberdeen Asset Management PLC UK grew its position in Fox Factory Holding Corp. by 17.0% in the 1st quarter. Aberdeen Asset Management PLC UK now owns 1,397,730 shares of the company’s stock worth $40,114,000 after purchasing an additional 203,425 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Fox Factory Holding Corp. by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,290,654 shares of the company’s stock worth $37,042,000 after purchasing an additional 11,711 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.

FOXF has been the subject of several recent analyst reports. DA Davidson restated a “hold” rating and issued a $34.00 target price on shares of Fox Factory Holding Corp. in a research report on Friday, June 30th. BidaskClub upgraded shares of Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 29th. ValuEngine upgraded shares of Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research cut shares of Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, CL King cut shares of Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a research report on Thursday, June 1st. 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. The company presently has an average rating of “Buy” and a consensus price target of $35.67.

Fox Factory Holding Corp. (NASDAQ:FOXF) opened at 41.05 on Friday. Fox Factory Holding Corp. has a 12-month low of $19.65 and a 12-month high of $42.05. The stock has a 50 day moving average of $38.75 and a 200 day moving average of $33.19. The company has a market capitalization of $1.54 billion, a PE ratio of 32.84 and a beta of 0.68.

Fox Factory Holding Corp. (NASDAQ:FOXF) last announced its earnings results 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. Fox Factory Holding Corp. had a net margin of 10.67% and a return on equity of 29.60%. The company had revenue of $120.80 million during the quarter, compared to the consensus estimate of $117.16 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The company’s revenue was up 18.1% on a year-over-year basis. On average, equities research analysts predict that Fox Factory Holding Corp. will post $1.50 EPS for the current year.

In other news, CFO Zvi Glasman sold 15,500 shares of Fox Factory Holding Corp. stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 59,100 shares in the company, valued at approximately $2,225,115. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP William H. Katherman sold 2,356 shares of Fox Factory Holding Corp. stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $36.95, for a total transaction of $87,054.20. Following the sale, the senior vice president now owns 32,750 shares of the company’s stock, valued at approximately $1,210,112.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,159 shares of company stock valued at $1,985,742. Insiders own 21.40% of the company’s stock.

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Fox Factory Holding Corp. 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 Holding Corp. (NASDAQ:FOXF)

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