The Manufacturers Life Insurance Company increased its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 54.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,622 shares of the company’s stock after purchasing an additional 9,721 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of Fox Factory Holding Corp. worth $984,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of FOXF. Parametric Portfolio Associates LLC bought a new position in shares of Fox Factory Holding Corp. in the first quarter worth $245,000. OppenheimerFunds Inc. grew its position in Fox Factory Holding Corp. by 23.8% in the first quarter. OppenheimerFunds Inc. now owns 11,373 shares of the company’s stock valued at $326,000 after acquiring an additional 2,187 shares during the last quarter. Teachers Advisors LLC grew its position in Fox Factory Holding Corp. by 2.4% in the first quarter. Teachers Advisors LLC now owns 39,682 shares of the company’s stock valued at $1,139,000 after acquiring an additional 939 shares during the last quarter. California Public Employees Retirement System bought a new position in Fox Factory Holding Corp. in the first quarter valued at about $230,000. Finally, Legal & General Group Plc grew its position in Fox Factory Holding Corp. by 16.9% in the first quarter. Legal & General Group Plc now owns 54,412 shares of the company’s stock valued at $1,561,000 after acquiring an additional 7,866 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

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A number of research analysts have issued reports on FOXF shares. Bank of America Corporation lifted their target price on Fox Factory Holding Corp. from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, October 24th. Zacks Investment Research lowered Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. William Blair lowered Fox Factory Holding Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, October 13th. ValuEngine raised Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, SunTrust Banks, Inc. reissued a “hold” rating and set a $36.00 price target on shares of Fox Factory Holding Corp. in a research note on Friday, October 20th. Nine investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $39.29.

Fox Factory Holding Corp. (NASDAQ FOXF) opened at $38.55 on Tuesday. Fox Factory Holding Corp. has a 12 month low of $21.00 and a 12 month high of $46.80. The company has a quick ratio of 1.41, a current ratio of 2.48 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1,447.25, a P/E ratio of 25.36, a price-to-earnings-growth ratio of 1.82 and a beta of 0.68.

Fox Factory Holding Corp. (NASDAQ:FOXF) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.02. Fox Factory Holding Corp. 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 period in the previous year, the firm earned $0.44 earnings per share. The company’s revenue was up 16.9% compared to the same quarter last year. equities research analysts anticipate that Fox Factory Holding Corp. will post 1.53 EPS for the current year.

In other Fox Factory Holding Corp. news, SVP William H. Katherman sold 18,580 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $42.01, for a total value of $780,545.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Zvi Glasman sold 15,500 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $37.65, for a total value of $583,575.00. Following the completion of the transaction, the chief financial officer now directly owns 59,100 shares in the company, valued at $2,225,115. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,530 shares of company stock worth $1,683,429. Insiders own 21.40% of the company’s stock.

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.

Institutional Ownership by Quarter for Fox Factory Holding Corp. (NASDAQ:FOXF)

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