Wells Fargo & Company MN trimmed its holdings in shares of Fox Factory Holding Corp (NASDAQ:FOXF) by 1.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,073,529 shares of the company’s stock after selling 18,841 shares during the period. Wells Fargo & Company MN owned approximately 2.86% of Fox Factory worth $46,268,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Teachers Advisors LLC increased its position in shares of Fox Factory by 2.4% during 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 in the last quarter. California Public Employees Retirement System bought a new stake in shares of Fox Factory during the first quarter valued at approximately $230,000. Schwab Charles Investment Management Inc. increased its position in shares of Fox Factory by 18.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 94,656 shares of the company’s stock valued at $2,717,000 after acquiring an additional 14,908 shares in the last quarter. State Street Corp increased its position in shares of Fox Factory by 20.2% during the first quarter. State Street Corp now owns 590,470 shares of the company’s stock valued at $16,944,000 after acquiring an additional 99,046 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Fox Factory by 192.4% during the second quarter. Russell Investments Group Ltd. now owns 254,281 shares of the company’s stock valued at $9,053,000 after acquiring an additional 167,318 shares in the last quarter. Hedge funds and other institutional investors own 98.07% of the company’s stock.

In other news, CFO Zvi Glasman sold 15,000 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $39.72, for a total transaction 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 approximately $2,546,052. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP William H. Katherman sold 18,580 shares of the business’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $42.01, for a total transaction of $780,545.80. The disclosure for this sale can be found here. Insiders own 21.40% of the company’s stock.

Shares of Fox Factory Holding Corp (NASDAQ:FOXF) opened at $39.65 on Monday. 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 1 year low of $25.25 and a 1 year high of $46.80. The company has a market cap of $1,488.54, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 1.87 and a beta of 0.62.

Fox Factory (NASDAQ:FOXF) last posted its 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. Fox Factory had a net margin of 10.76% and a return on equity of 28.25%. The business had revenue of $127.40 million during the quarter, compared to the consensus estimate of $123.02 million. During the same quarter in the previous year, the firm posted $0.44 EPS. The firm’s revenue was up 16.9% on a year-over-year basis. equities analysts expect that Fox Factory Holding Corp will post 1.53 earnings per share for the current year.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Fox Factory from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Robert W. Baird reissued a “hold” rating and set a $40.00 price target on shares of Fox Factory in a research report on Thursday, September 28th. Bank of America raised their price target on shares of Fox Factory from $39.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, September 21st. William Blair downgraded shares of Fox Factory from an “outperform” rating to a “market perform” rating in a research report on Friday, October 13th. Finally, ValuEngine downgraded shares of Fox Factory from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Eight investment 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. Fox Factory presently has an average rating of “Hold” and an average 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.

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

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