Fox Factory Holding Corp (FOXF) CFO Zvi Glasman Sells 15,000 Shares
Fox Factory Holding Corp (NASDAQ:FOXF) CFO Zvi Glasman sold 15,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $39.72, for a total value of $595,800.00. Following the completion of the sale, the chief financial officer now owns 64,100 shares of the company’s stock, valued at $2,546,052. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Fox Factory Holding Corp (NASDAQ:FOXF) traded up $0.10 during trading hours on Friday, hitting $39.65. 203,026 shares of the company were exchanged, compared to its average volume of 317,039. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.48 and a quick ratio of 1.41. The company has a market cap of $1,500.00, a PE ratio of 25.69, a PEG ratio of 1.84 and a beta of 0.63. Fox Factory Holding Corp has a 52 week low of $25.25 and a 52 week high of $46.80.
Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $127.40 million for the quarter, compared to analysts’ expectations of $123.02 million. Fox Factory had a net margin of 10.76% and a return on equity of 28.25%. Fox Factory’s revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS. sell-side analysts anticipate that Fox Factory Holding Corp will post 1.53 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. grew its stake in Fox Factory by 76.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,076 shares of the company’s stock valued at $110,000 after buying an additional 1,332 shares in the last quarter. SG Americas Securities LLC purchased a new position in Fox Factory in the 2nd quarter valued at approximately $111,000. LS Investment Advisors LLC grew its stake in Fox Factory by 7.5% in the 2nd quarter. LS Investment Advisors LLC now owns 3,990 shares of the company’s stock valued at $142,000 after buying an additional 279 shares in the last quarter. Paradigm Asset Management Co. LLC purchased a new position in Fox Factory in the 2nd quarter valued at approximately $160,000. Finally, Pinebridge Investments L.P. grew its stake in Fox Factory by 20.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,564 shares of the company’s stock valued at $163,000 after buying an additional 778 shares in the last quarter. Institutional investors and hedge funds own 98.07% of the company’s stock.
Several analysts have recently commented on the company. Zacks Investment Research downgraded Fox Factory from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. SunTrust Banks reaffirmed a “hold” rating and issued a $36.00 price target on shares of Fox Factory in a research report on Friday, October 20th. William Blair cut shares of Fox Factory from an “outperform” rating to a “market perform” rating in a research report on Friday, October 13th. ValuEngine cut shares of Fox Factory from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $40.00 price target on shares of Fox Factory in a research report on Thursday, September 28th. Eight equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $39.29.
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About Fox Factory
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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