First Trust Advisors LP decreased its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,720 shares of the company’s stock after selling 3,310 shares during the quarter. First Trust Advisors LP owned 0.33% of Fox Factory Holding Corp. worth $5,289,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Fox Factory Holding Corp. by 7.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,926,907 shares of the company’s stock worth $210,998,000 after purchasing an additional 404,704 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Fox Factory Holding Corp. by 15.2% during the second quarter. BlackRock Inc. now owns 4,059,323 shares of the company’s stock worth $144,512,000 after purchasing an additional 536,712 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Fox Factory Holding Corp. by 7.7% during the second quarter. Vanguard Group Inc. now owns 1,808,368 shares of the company’s stock worth $64,377,000 after purchasing an additional 129,129 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of Fox Factory Holding Corp. by 6.3% during the second 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 in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Fox Factory Holding Corp. by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,295,789 shares of the company’s stock worth $46,129,000 after purchasing an additional 5,135 shares in the last quarter. 98.43% of the stock is owned by institutional investors.

In other Fox Factory Holding Corp. news, CFO Zvi Glasman sold 7,850 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $37.81, for a total value of $296,808.50. Following the completion of the sale, the chief financial officer now owns 59,100 shares in the company, valued at $2,234,571. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William H. Katherman sold 18,580 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $42.01, for a total value of $780,545.80. The disclosure for this sale can be found here. 21.40% of the stock is owned by corporate insiders.

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

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) opened at $36.85 on Friday. The stock has a market capitalization of $1,413.46, a P/E ratio of 24.77, a price-to-earnings-growth ratio of 1.78 and a beta of 0.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.48 and a quick ratio of 1.41. Fox Factory Holding Corp. has a 52 week low of $21.00 and a 52 week high of $46.80.

Fox Factory Holding Corp. (NASDAQ:FOXF) last issued its earnings results on Wednesday, November 1st. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.02. The business had revenue of $127.40 million during the quarter, compared to analyst estimates of $123.02 million. Fox Factory Holding Corp. had a return on equity of 28.25% and a net margin of 10.76%. Fox Factory Holding Corp.’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. equities analysts expect that Fox Factory Holding Corp. will post 1.53 EPS for the current year.

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Fox Factory Holding Corp. 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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