Royal Bank of Canada decreased its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 9.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,216,884 shares of the company’s stock after selling 132,577 shares during the quarter. Royal Bank of Canada owned 3.25% of Fox Factory Holding Corp. worth $43,321,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in FOXF. Great West Life Assurance Co. Can lifted its stake in Fox Factory Holding Corp. by 39.1% in the first quarter. Great West Life Assurance Co. Can now owns 47,983 shares of the company’s stock valued at $1,374,000 after buying an additional 13,481 shares during the period. Bank of New York Mellon Corp lifted its stake in Fox Factory Holding Corp. by 64.2% in the first quarter. Bank of New York Mellon Corp now owns 490,483 shares of the company’s stock valued at $14,077,000 after buying an additional 191,810 shares during the period. BNP Paribas Arbitrage SA lifted its stake 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 valued at $197,000 after buying an additional 955 shares during the period. Comerica Bank lifted its stake in Fox Factory Holding Corp. by 27.0% in the first quarter. Comerica Bank now owns 38,825 shares of the company’s stock valued at $1,165,000 after buying an additional 8,249 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Fox Factory Holding Corp. by 18.6% in the first quarter. Swiss National Bank now owns 57,500 shares of the company’s stock worth $1,650,000 after acquiring an additional 9,000 shares in the last quarter. 97.03% of the stock is currently owned by hedge funds and other institutional investors.

FOXF has been the subject of several recent analyst reports. Zacks Investment Research downgraded Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Stifel Nicolaus restated a “hold” rating and issued a $38.00 price target (up from $32.00) on shares of Fox Factory Holding Corp. in a report on Wednesday, August 9th. BidaskClub upgraded Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 29th. Robert W. Baird restated a “hold” rating and issued a $40.00 price target on shares of Fox Factory Holding Corp. in a report on Thursday, September 28th. Finally, Bank of America Corporation downgraded Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $38.00 price target for the company. in a report on Wednesday, July 12th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $36.86.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/10/06/royal-bank-of-canada-has-43-32-million-holdings-in-fox-factory-holding-corp-foxf.html.

Shares of Fox Factory Holding Corp. (NASDAQ FOXF) opened at 42.975 on Friday. The firm has a 50 day moving average price of $40.64 and a 200 day moving average price of $34.82. The company has a market capitalization of $1.61 billion, a P/E ratio of 34.380 and a beta of 0.70. Fox Factory Holding Corp. has a one year low of $19.65 and a one year high of $46.80.

Fox Factory Holding Corp. (NASDAQ:FOXF) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $120.80 million for the quarter, compared to the consensus estimate of $117.16 million. Fox Factory Holding Corp. had a return on equity of 29.60% and a net margin of 10.67%. The firm’s revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 EPS. On average, equities research analysts predict that Fox Factory Holding Corp. will post $1.50 EPS for the current fiscal year.

In other news, CFO Zvi Glasman sold 10,200 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $39.34, for a total value of $401,268.00. Following the transaction, the chief financial officer now directly owns 82,325 shares of the company’s stock, valued at approximately $3,238,665.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William H. Katherman sold 2,356 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $36.95, for a total value of $87,054.20. Following the completion of the transaction, the senior vice president now directly owns 32,750 shares in the company, valued at $1,210,112.50. The disclosure for this sale can be found here. Insiders sold a total of 70,739 shares of company stock worth $2,766,288 over the last three months. 21.40% of the stock is owned by company insiders.

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.

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

Receive News & Stock Ratings for Fox Factory Holding Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fox Factory Holding Corp. and related stocks with our FREE daily email newsletter.