Synovus Financial Corp bought a new position in shares of Fox Factory Holding Corp (NASDAQ:FOXF) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,073 shares of the company’s stock, valued at approximately $313,000.

Several other large investors have also recently modified their holdings of FOXF. Squar Milner Financial Services LLC raised its position in Fox Factory by 914.4% in the 3rd quarter. Squar Milner Financial Services LLC now owns 913 shares of the company’s stock valued at $56,000 after buying an additional 823 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in Fox Factory in the 2nd quarter valued at $60,000. Convergence Investment Partners LLC purchased a new stake in Fox Factory in the 2nd quarter valued at $145,000. Cim LLC purchased a new stake in Fox Factory in the 2nd quarter valued at $217,000. Finally, Marco Investment Management LLC purchased a new stake in Fox Factory in the 2nd quarter valued at $219,000. 99.97% of the stock is currently owned by institutional investors.

A number of research firms recently commented on FOXF. Bank of America reissued a “neutral” rating and issued a $86.00 price target (up from $78.00) on shares of Fox Factory in a research report on Thursday, August 1st. SunTrust Banks increased their price target on Fox Factory to $68.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. BidaskClub raised Fox Factory from a “strong sell” rating to a “sell” rating in a research report on Friday. ValuEngine lowered Fox Factory from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Finally, Stifel Nicolaus increased their price target on Fox Factory from $72.00 to $76.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Fox Factory currently has a consensus rating of “Hold” and an average price target of $74.50.

NASDAQ:FOXF traded up $0.84 during trading on Friday, reaching $65.39. The company’s stock had a trading volume of 106,200 shares, compared to its average volume of 232,051. The firm has a 50 day moving average of $62.78 and a 200-day moving average of $71.96. Fox Factory Holding Corp has a 12 month low of $52.58 and a 12 month high of $86.91. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 29.45, a price-to-earnings-growth ratio of 1.43 and a beta of 1.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.64 and a current ratio of 2.92.

Fox Factory (NASDAQ:FOXF) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.04. Fox Factory had a return on equity of 29.00% and a net margin of 12.56%. The firm had revenue of $211.32 million for the quarter, compared to analysts’ expectations of $205.90 million. During the same quarter last year, the firm posted $0.72 EPS. The company’s revenue was up 20.2% compared to the same quarter last year. Equities research analysts forecast that Fox Factory Holding Corp will post 2.68 earnings per share for the current fiscal year.

In related news, CFO Zvi Glasman sold 13,583 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $72.93, for a total transaction of $990,608.19. Following the transaction, the chief financial officer now directly owns 20,284 shares of the company’s stock, valued at approximately $1,479,312.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Christopher Tutton sold 461 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $75.01, for a total value of $34,579.61. Following the transaction, the insider now directly owns 22,604 shares in the company, valued at $1,695,526.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,245 shares of company stock worth $9,391,635. 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.

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

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