Eagle Asset Management Inc. increased its holdings in shares of Fox Factory Holding Corp (NASDAQ:FOXF) by 15.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 396,878 shares of the company’s stock after purchasing an additional 53,683 shares during the period. Eagle Asset Management Inc. owned 1.03% of Fox Factory worth $24,701,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in FOXF. BlackRock Inc. boosted its position in Fox Factory by 1.2% in the 2nd quarter. BlackRock Inc. now owns 5,491,681 shares of the company’s stock valued at $453,120,000 after buying an additional 63,979 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Fox Factory by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 3,880,457 shares of the company’s stock valued at $320,176,000 after purchasing an additional 54,905 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of Fox Factory by 2.4% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,614,784 shares of the company’s stock valued at $133,236,000 after purchasing an additional 38,273 shares in the last quarter. Invesco Ltd. raised its stake in shares of Fox Factory by 1.5% in the 2nd quarter. Invesco Ltd. now owns 910,761 shares of the company’s stock valued at $75,147,000 after purchasing an additional 13,894 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Fox Factory by 21.1% in the 2nd quarter. Wells Fargo & Company MN now owns 749,623 shares of the company’s stock valued at $61,852,000 after purchasing an additional 130,671 shares in the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on FOXF. ValuEngine lowered shares of Fox Factory from a “buy” rating to a “hold” rating in a research note on Thursday, September 19th. Stifel Nicolaus increased their price objective on shares of Fox Factory from $72.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered shares of Fox Factory from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Bank of America reiterated a “neutral” rating and set a $86.00 price objective (up previously from $78.00) on shares of Fox Factory in a research note on Thursday, August 1st. Finally, BidaskClub upgraded shares of Fox Factory from a “strong sell” rating to a “sell” rating in a research note on Friday. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $74.50.

Shares of NASDAQ:FOXF traded up $0.84 during trading hours on Friday, hitting $65.39. The stock had a trading volume of 106,200 shares, compared to its average volume of 232,051. The stock’s fifty day simple moving average is $62.78 and its 200 day simple moving average is $71.96. Fox Factory Holding Corp has a 1-year low of $52.58 and a 1-year high of $86.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.64 and a current ratio of 2.92. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 1.43 and a beta of 1.31.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. Fox Factory had a net margin of 12.56% and a return on equity of 29.00%. The firm had revenue of $211.32 million during the quarter, compared to analyst estimates of $205.90 million. During the same quarter last year, the business posted $0.72 EPS. The company’s revenue was up 20.2% on a year-over-year basis. As a group, research analysts anticipate that Fox Factory Holding Corp will post 2.68 EPS for the current year.

In related news, CFO Zvi Glasman sold 13,583 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $72.93, for a total value of $990,608.19. Following the completion of the transaction, the chief financial officer now owns 20,284 shares of the company’s stock, valued at approximately $1,479,312.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher Tutton sold 1,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $75.24, for a total transaction of $75,240.00. Following the completion of the sale, the insider now owns 21,604 shares of the company’s stock, valued at approximately $1,625,484.96. The disclosure for this sale can be found here. Insiders sold a total of 140,245 shares of company stock valued at $9,391,635 in the last ninety days. Company insiders own 2.30% of the company’s stock.

About Fox Factory

Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers front fork and rear suspension products for mountain bikes and road bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles.

Featured Story: How does a dividend reinvestment plan work?

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

Receive News & Ratings for Fox Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fox Factory and related companies with MarketBeat.com's FREE daily email newsletter.