Teachers Advisors LLC increased its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 2.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,682 shares of the company’s stock after buying an additional 939 shares during the period. Teachers Advisors LLC owned 0.11% of Fox Factory Holding Corp. worth $1,139,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. LS Investment Advisors LLC raised its position in Fox Factory Holding Corp. by 261.7% in the first quarter. LS Investment Advisors LLC now owns 3,711 shares of the company’s stock worth $107,000 after buying an additional 2,685 shares during the period. State of Alaska Department of Revenue raised its position in Fox Factory Holding Corp. by 22.8% in the first quarter. State of Alaska Department of Revenue now owns 3,830 shares of the company’s stock worth $109,000 after buying an additional 710 shares during the period. Victory Capital Management Inc. raised its position in Fox Factory Holding Corp. by 11.3% in the first quarter. Victory Capital Management Inc. now owns 5,003 shares of the company’s stock worth $144,000 after buying an additional 509 shares during the period. BNP Paribas Arbitrage SA raised its position in Fox Factory Holding Corp. by 16.2% in the first quarter. BNP Paribas Arbitrage SA now owns 6,847 shares of the company’s stock worth $197,000 after buying an additional 955 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Fox Factory Holding Corp. during the first quarter worth about $211,000. Hedge funds and other institutional investors own 96.97% of the company’s stock.

Shares of Fox Factory Holding Corp. (FOXF) traded up 0.25% during mid-day trading on Thursday, reaching $39.90. The company’s stock had a trading volume of 80,113 shares. The firm has a market capitalization of $1.49 billion, a PE ratio of 31.92 and a beta of 0.69. The firm has a 50-day moving average of $37.68 and a 200-day moving average of $32.01. Fox Factory Holding Corp. has a 52 week low of $19.65 and a 52 week high of $40.15.

Fox Factory Holding Corp. (NASDAQ:FOXF) last announced its earnings results on Thursday, August 3rd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. The firm had revenue of $120.80 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 EPS. Equities research analysts forecast that Fox Factory Holding Corp. will post $1.50 earnings per share for the current fiscal year.

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A number of research firms recently issued reports on FOXF. Stifel Nicolaus reiterated a “hold” rating and issued a $38.00 target price (up from $32.00) on shares of Fox Factory Holding Corp. in a report on Wednesday, August 9th. Zacks Investment Research lowered Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Bank of America Corporation lowered Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $38.00 target price for the company. in a report on Wednesday, July 12th. They noted that the move was a valuation call. CL King lowered Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a report on Thursday, June 1st. Finally, DA Davidson lowered Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $34.00 target price for the company. in a report on Wednesday, May 17th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $35.50.

In related news, insider Wesley E. Allinger sold 17,418 shares of Fox Factory Holding Corp. stock in a transaction on Monday, June 12th. The shares were sold at an average price of $32.88, for a total value of $572,703.84. Following the transaction, the insider now owns 29,419 shares in the company, valued at approximately $967,296.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Wesley E. Allinger sold 2,776 shares of Fox Factory Holding Corp. stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $32.63, for a total transaction of $90,580.88. Following the completion of the transaction, the insider now owns 49,034 shares in the company, valued at approximately $1,599,979.42. The disclosure for this sale can be found here. Insiders sold a total of 81,058 shares of company stock worth $2,936,373 in the last quarter. 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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